Cost Manager

HanmiGlobal Saudi

Key Responsibilities:

• Managing the cost & schedule control of the coordinators portfolio.
• Obtain the budget costs of system, assemblies, equipment, materials and labor.
• Preparation of a Budgeting and Cost Management Plan including updates.
• Establishing the cost centers and cost codes for the Project.
• Preparation of a Budget Estimate and updates thereof for approval by the Client of construction costs.
• Monitoring projected expenditure against allowances made in the approved Budget Estimate.
• Preparation and submission of Project cash flow forecasts and monthly updates thereof at the completion of each design and tender documentation stage covering consultancy agreements and construction contracts.
• Provide cost advice during the final development of the design, including cost comparisons reviews of alternative design or construction solutions.
• Provide budget updates in such form and with such details as may be requested by the Client.
• Follow up of all contractual issues and monitor their cost impact. Lead the planning and cost control team for large-scale construction projects.
• Develop and maintain detailed project schedules, ensuring alignment with project goals and objectives.
• Oversee the preparation of cost estimates, budgets, and financial reports.
• Monitor project performance and identify any deviations from the plan, recommending corrective actions.
• Conduct regular cost and schedule analysis to ensure efficient project execution.
• Coordinate with project managers, engineers, and other stakeholders to ensure smooth project progress.
• Prepare and present detailed reports to senior management on project status, forecasts, and performance metrics.
• Manage changes to project scope, schedule, and cost, and evaluate the impact of these changes.
• Implement effective risk management strategies to mitigate cost and schedule risks.