Roles and responsibilities
- Develop and manage the initial Cost Plan in consultation with all parties, including Consultants and SAR.
- Track and report costs against approved budgets, including committed, incurred, actual/paid, and forecast final/out-turn costs.
- Prepare job cost reports showing variances between budgets and costs, earned value, and movements from prior months.
- Validate and verify all commercial/financial performance aspects of the project, including benchmarking Contractors' claims and forecasts.
- Ensure timely and accurate final accounting, including all claims and outstanding payments.
- Prepare and oversee the pricing schedule or Bills of Quantities for incorporation within RFPs or post-contract documents.
- Provide cost consultancy services and be responsible for all aspects of contract administration and cost consultancy for the project.
- Manage all contractual and cost issues related to the administration of Consultants, Contractors, and works packages.
- Provide regular cost reports, including updated cash flow forecasts, reconciliation of payments, and forecast final accounts.
- Carry out cost estimates and comparisons of alternative design or construction solutions.
- Review and recommend variation payments and verify payment applications from Consultants and Contractors.
- Prepare recommendation reports on claims, including cost and time impacts, and assist in negotiations and settlements.
- Ensure that all parties hold correct and current insurances and bonds as required.
- Maintain a project retention, insurance, and bond register status report.
- Ensure no certification of payment applications where correct insurances and bonds have not been provided.
- Prepare and submit monthly reports detailing project status, cost control measures, and financial performance.
- Ensure accurate and timely documentation of all cost management activities, including change management procedures and final account settlements.
Desired candidate profile
Qualifications
- Professional certification such as RICS, CCP, or equivalent.
- Minimum of 15 years of experience in cost management within the rail and transportation industry
- Strong knowledge of cost control principles, budgeting, and financial analysis.
- Excellent analytical, problem-solving, and communication skills.
- Proficiency in cost management software and tools.
- Attention to detail and accuracy in financial reporting.
- Strong organizational and time management skills.
- Ability to work collaboratively with multiple stakeholders.
- Proactive approach to identifying and resolving cost-related issues.
- Commitment to maintaining high standards of professional ethics and integrity.
Experience and demonstrated skill in establishing criteria and system set-up for all project controls activities. - Working knowledge of engineering, procurement, contracts, construction, and start- up / set up work processes. - Involvement in continuous improvement and capacity building / talent development. - Demonstrated skill in management, supervisory and personnel administrative functions. - Excellent verbal and written communication skills. - Experience of working internationally (preference KSA experience).