Cost Engineer Midrand

Duties & Responsibilities

• Understand all relevant documentation pertaining to the project including scope of services, conditions of contract, project execution plan, project schedule, etc.
• Work within standard project cost engineering procedures. Ensure that these procedures comply with contractual reporting requirements and, if not, modify accordingly.
• Prepare activity plans to accomplish all work required by the procedures.
• Liaise with client project control personnel as necessary.
• Prepare manhour, material quantity and cost budgets from the cost estimate and update them on approval of contract changes and budget transfers.
• Disseminate budget information to all operating groups, providing clarification and additional information where required and ascertaining commitment to budgets as the cost target.
• Generally instill cost awareness in the project organisation such that capital costs are controlled and changes to workscope are identified and quantified.
• Obtain from operating groups, the latest information pertinent to cost analysis and ensure its accuracy and completeness. Attend meetings concerning cost matters.
• Maintain a comprehensive material and construction quantity control and reporting system to include the current status of budget, material take-off and forecast quantities.
• Liaise with Project Planning Engineer on analysis of project status. Review the impact of cost and schedule changes upon each other.
• Identify and analyse deviations and trends against the budgets. Investigate such deviations with the relevant group and advise Project Manager / Project Controls Manager of issues requiring corrective action.
• Establish and maintain all cost recording documentation. Provide comprehensive cost analysis and prepare forecasts of final project costs.
• Liaise with Field Cost Engineer / Construction / Site Manager and review field cost reports and associated information for inclusion in the overall project cost report.
• Review overall project status and forecast with Project Manager / Project Controls Manager each month.
• Prepare monthly Project Cost Report, with supporting narratives, associated back-up, cost report summaries, exclusions, potential cost problems and recommend corrective actions for review with Project Manager, Chief Cost Engineer and Project Controls Manager as necessary.
• Prepare quarterly Contract Profit Reports (CPR) and associated back up for review with Project Manager, Chief Cost Engineer, Project Controls Manager, and Executive and Corporate Representatives as necessary.
• Audit of invoices and payment certificates prior to payment by either the client or company accounts.
• Ensure reconciliation between project cost report and accounts cost and billing information.
• Prepare final project statistics and advise effectiveness of procedures and systems for possible development on future projects.
• When assigned as a Lead Cost Engineer, oversee subordinates, allocate work accordingly, check and monitor work quality, accuracy and timeliness of reporting, and provide technical guidance.
• When nominated, act as a sponsor to trainees, regularly review their progress and make periodic reports to the Manager Project Controls.
• Perform any other functions as directed by the Chief Cost Engineer.

Desired Experience & Qualification

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