Costing & Budgeting
- Posted 19 hours ago
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Job Description
Costing & Budgeting – Key Responsibilities
- Cost EstimationPrepare cost estimates for projects.
- Estimate the expected cost of construction/work before execution.
- Conduct feasibility studies from a cost perspective.
- Cost PlanningPrepare the overall project cost plan.
- Track costs from the initial project stage through design and construction.
- Present the final cost plan to stakeholders.
- Quantity SurveyingHandle pre-contract and post-contract quantity surveying.
- Check and validate quantities related to project work.
- Take responsibility for cost checks and project valuations.
- BOQ & Quantity Take-OffPrepare/finalize BOQ – Bill of Quantities.
- Perform Quantity Take-Off (QTO).
- Ensure quantities are ready for the tendering process.
- Budget ControlPrepare and control the overall project budget.
- Prepare budgets from the early BD/TDD stage → Concept → Schematic → GFC stage.
- Monitor whether the project is within the approved budget.
- Cost-to-Complete (CTC)Prepare project-wise Cost-to-Complete budgets.
- Review them quarterly.
- Estimate how much additional money will be required to finish the project.
- Cost Checking & ValuationRegularly check project costs.
- Carry out valuations on larger projects.
- Ensure cost checks and valuations are accurate and completed on time.
- Variation Order ManagementReview Variation Orders when project scope/quantity changes.
- Assess the financial impact of changes to the original scope.
- Rate AnalysisAnalyse and validate rates quoted for construction activities/items.
- Check whether the proposed rate is reasonable based on the underlying costs.
- Claims Validation
- Validate contractual claims submitted by contractors.
- Check whether claims are justified as per the contract.
- Cost Optimization
- Monitor projects from a cost perspective.
- Give inputs to the Design team to reduce/control project costs.
- Business Development Support
- Provide cost inputs to the BD team for prospective projects/deals.
- Help evaluate the financial feasibility of potential opportunities.
- Cash-flow Support
- Provide inputs to the Planning team to help monitor project cash outflows.
More Info
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Key Skills
Claims Validation
Variation Order Management
Cash-flow Support
Cost-to-Complete (CTC)
BOQ Quantity Take-Off
Business Development Support
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