Main purpose of the position:
Responsible for leading cost management across project lifecycles by overseeing budgeting, procurement, contract administration, risk mitigation, and financial reporting, ensuring cost efficiency, compliance, and value delivery for all stakeholders.
Key Performance Areas:
Project Initiation
- Participate in project initiation meetings and discussions.
- Prepare detailed cost estimates, developing and managing project budgets.
- Participate in the procurement process, including supplier and subcontractor selection.
- Prepare tender documents, bills of quantities, and contract documentation.
- Evaluate tender submissions and make recommendations.
Contract Administration
- Assist in the negotiation and management of contracts.
- Monitor project progress and contractual compliance.
- Handle contract variations and change orders.
- Conduct on-site measurements, maintaining accurate records of quantities for payment and cost analysis.
- Monitor project expenses, track actual costs and implement cost-saving measures.
- Analyse cost deviations and propose corrective actions.
- Prepare and certify payment applications for subcontractors and suppliers.
Risk Management and Claims Handling
- Identify and assess potential project risks and assist in developing risk mitigation strategies.
- Handle claims and disputes related to project costs.
Financial Analysis and Reporting
- Conduct financial analysis to assess project profitability.
- Prepare financial reports and cost analysis.
- Provide financial insights to support decision-making.
Project Closeout
- Prepare the final account for projects, ensuring all costs are accurately recorded.
- Assist in project closeout, including reconciliation of accounts.
Regulatory Compliance
Stakeholder Communication
Team Leadership and Development
Behavioural Competencies:
- Analytical
- Strategic
- Attention to detail
- Negotiation
- Team leadership
- Problem-solving
Legal Requirements:
- No criminal record
- Valid Driver’s licence