Scope of Responsibilities
Assist in organising Cost control set-up for an assigned project. Prepare estimates and budget & cost control reports. Analyse and provide necessary cost and budget information to the Supervisor/Project Management and Corporate Management.
Primary Duties
- Provide assigned project cost budgets including material, manpower and equipment/material costs, sub-contracts, third party services and financial cost etcetera.
- Coordinate with the project engineers to clarify any query/discrepancies. Assist in the identification and mitigation of project risks.
- Prepare cost reports on a periodic basis on the status of the costs incurred and the variations of the budgeted v/s actual in consultation with supervisor/Project Manager.
- Monitor costs and generate variance reports as and when required and forward to the Supervisor/Project Manager for his perusal.
- Workout forecast for various line items of the cost report in consultation with project team members.
- Carry out assessment of potential variations/claims from sub-contractors/vendors.
- Assist Project Engineers in preparing additional cost analysis as deemed necessary.
- Participate in project review meetings, if required and provide any cost related data as and when required.
- Interface and provide clarification to the project engineers and Accounts and provide assistance wherever required.
- Propose new suggestion if any and keep improving/updating the process of effective cost control.
- Develop historical Cost database of a project for future reference.
- Provide training and guidance to new/junior Cost Control personnel.
Minimum Requirement
Engineering Degree with minimum of 10 years working experience out of which minimum Three years in the Cost Control function of EPC projects.
