Job Description

Job description

Min exp 5 years with main contractor at UAE

Nationality (any)

Cost Estimation and Budgeting:

Prepare detailed cost estimates and assist in the development of project budgets. Review project plans, specifications, and other documentation to develop accurate cost estimates. Identify potential cost overruns or savings and recommend actions to mitigate financial risks.

Cost Tracking and Monitoring:

Continuously track project costs and compare them against the budget to monitor financial performance. Maintain a detailed record of project expenditures, including labor, materials, equipment, and overhead. Ensure accurate tracking of subcontractor and supplier costs.

Forecasting and Financial Reporting:

Prepare regular cost forecasts and track project financial performance to ensure that projects are completed within the approved budget. Provide detailed reports on cost performance, including earned value analysis (EVA), to stakeholders. Analyse cost trends and provide proactive recommendations to adjust project plans or scope.

Change Management:

Manage change orders and assess their impact on project costs and schedule. Track and document all project changes, ensuring proper cost adjustments are made and approvals are obtained. Prepare cost impact reports for any variations from the original contract.

Risk Management:

Identify cost risks and develop strategies to mitigate potential financial issues. Work with project teams to assess and manage cost risks throughout the project lifecycle. Ensure that cost control measures are incorporated into project plans to minimize risk exposure.

Collaboration and Communication:

Collaborate with project managers, engineers, procurement teams, and other stakeholders to ensure effective cost management. Provide cost-related input during project meetings and decision-making processes. Communicate cost issues, challenges, and concerns to senior management and recommend corrective actions when necessary.

Documentation and Compliance:

Maintain accurate and up-to-date cost records and financial documentation. Ensure compliance with company policies, industry standards, and regulatory requirements related to cost control. Assist in audits and ensure that all financial records are properly documented and accessible.

Software and Tools Management:

Use cost control and project management software (e.g., Primavera, SAP, Procore, or similar) to track and manage project costs. Regularly update and maintain the cost databases and reporting tools.
Job Type: Full-time

Pay: AED10,000.00 - AED15,000.00 per month