Cost Engineer Midrand

Duties & Responsibilities Understand all relevant documentation pertaining to the project including scope of services, conditions of contract, project execution plan, project schedule, etc. Work within standard project cost engineering procedures. Ensure that these procedures comply with contractual reporting requirements and, if not, modify accordingly. Prepare activity plans to accomplish all work required by the procedures. Liaise with client project control personnel as necessary. Prepare manhour, material quantity and cost budgets from the cost estimate and update them on approval of contract changes and budget transfers. Disseminate budget information to all operating groups, providing clarification and additional information where required and ascertaining commitment to budgets as the cost target. Generally instill cost awareness in the project organisation such that capital costs are controlled and changes to workscope are identified and quantified. Obtain from operating groups, the latest information pertinent to cost analysis and ensure its accuracy and completeness. Attend meetings concerning cost matters. Maintain a comprehensive material and construction quantity control and reporting system to include the current status of budget, material take-off and forecast quantities. Liaise with Project Planning Engineer on analysis of project status. Review the impact of cost and schedule changes upon each other. Identify and analyse deviations and trends against the budgets. Investigate such deviations with the relevant group and advise Project Manager/Project Controls Manager of issues requiring corrective action. Establish and maintain all cost recording documentation. Provide comprehensive cost analysis and prepare forecasts of final project costs. Liaise with Field Cost Engineer/Construction/Site Manager and review field cost reports and associated information for inclusion in the overall project cost report. Review overall project status and forecast with Project Manager/Project Controls Manager each month. Prepare monthly Project Cost Report, with supporting narratives, associated back-up, cost report summaries, exclusions, potential cost problems and recommend corrective actions for review with Project Manager, Chief Cost Engineer and Project Controls Manager as necessary. Prepare quarterly Contract Profit Reports (CPR) and associated back up for review with Project Manager, Chief Cost Engineer, Project Controls Manager, and Executive and Corporate Representatives as necessary. Audit of invoices and payment certificates prior to payment by either the client or company accounts. Ensure reconciliation between project cost report and accounts cost and billing information. Prepare final project statistics and advise effectiveness of procedures and systems for possible development on future projects. When assigned as a Lead Cost Engineer, oversee subordinates, allocate work accordingly, check and monitor work quality, accuracy and timeliness of reporting, and provide technical guidance. When nominated, act as a sponsor to trainees, regularly review their progress and make periodic reports to the Manager Project Controls. Perform any other functions as directed by the Chief Cost Engineer. Desired Experience & Qualification National Diploma in finance, commerce, accounting fields or equivalent, or sufficient relevant experience in lieu of qualification requirements. Minimum 3 years industry experience. Minimum 5 years cost engineering experience. Advanced user of MS Excel and MS Access. Exposure to and understanding of the engineering sector. #J-18808-Ljbffr