Main Role:
The Cost Control Manager is responsible for monitoring, forecasting, and controlling project costs to ensure alignment with the approved budget. This includes managing the project billing process, evaluating cost variations, and supporting financial decision-making through timely and accurate reporting.
Key Responsibilities:
- Review and analyze the project's estimated budget and schedule; establish cost control benchmarks and reporting structures.
- Collaborate with the Project Manager and other stakeholders to define and implement cost performance standards.
- Organize and restructure the project budget by activity codes and resources to support effective tracking and reporting.
- Set up and coordinate the billing and payment processes with all relevant parties, including the Engineer and Subcontractors.
- Identify initial cost-related risks and present them to the Construction Manager and Project Manager for mitigation.
- Collect and compile project financial data, including receivables, payables, commitments, and executed quantities.
- Monitor and report on Payables vs. Receivables to assess cost balance and project financial health.
- Prepare and issue the monthly Project Cost Report, present findings and insights to the management team.
- Calculate and monitor key cost performance indicators (e.g., Estimate to Complete, Estimate at Completion) and share trends and projections.
- Generate project cash flow forecasts and review them with relevant stakeholders for alignment with project timelines.
- Review material tracking logs (e.g., concrete, steel, tiles) and analyze usage to detect and minimize material waste.
- Monitor variances from the approved budget, implement corrective actions, and recommend preventive cost control measures.
- Maintain and update the Project Cost Risk Register, ensuring it reflects the current risk landscape.
- Participate in project review and progress meetings, providing cost-related insights and updates.
- Gather supporting documentation for Notifications of Possible Variations (NPVs), such as RFIs, drawings, and correspondence.
- Prepare and submit NPVs and assess associated costs, including those related to Extension of Time (EOT) claims.
- Review, validate, and ensure that approved Variation Orders are reflected in subsequent payment applications.
- Coordinate with the Engineer and relevant parties to finalize Variation Order Valuations (VOVs).
- Assist in the preparation and finalization of Applications for Payment (AFP) submitted to the Engineer.
- Compare certified payments with submitted AFPs and reconcile discrepancies with the concerned teams.
- Review and evaluate subcontractor payment certificates prior to approval.
- Track and follow up on all project payments to ensure timely disbursement and proper documentation.
Required Skills and Competencies:
- Strong knowledge of budgeting, cost control techniques, and financial analysis
- Proficiency in Earned Value Management (EVM) and cash flow analysis
- Deep understanding of construction processes, contracts, and billing procedures
- Strong analytical and problem-solving abilities
- High attention to detail and organizational skills
- Excellent communication and interpersonal skills to coordinate with internal and external stakeholders
- Ability to work under pressure, manage multiple priorities, and meet deadlines
- Advanced Excel skills and experience in cost control software (e.g., CCS Candy, CostX, or similar)
- Familiarity with project management tools such as Primavera P6 and ERP systems (e.g., SAP, Oracle)
- Proactive mindset with the ability to suggest process improvements and cost-saving measures
Qualifications:
- Bachelor's degree in civil engineering,
- Minimum of 1015years of relevant experience in cost control, construction, fit out, or contracting industry is a must
- Professional certification (e.g., CCP Certified Cost Professional) is a plus
- Strong command of English; Arabic is an advantage
- Previous experience with large-scale or complex projects is preferred
- Skills
- Cost Planning
- Cost Control
- Project Estimation
- Construction
- Cost Management
- Cost Accounting
- Arabic
- Project Control
- Cost Reporting
- Cost
