Cost Engineer Midrand - Quyn International

    Quyn International
    Quyn International Midrand

    12 hours ago

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    Description

    Job Summary

    The Cost Engineer will be responsible for managing and controlling project costs, ensuring that all expenses are accurately accounted for and that the project stays within budget. This includes preparing activity plans, liaising with clients, disseminating budget information, and instilling cost awareness throughout the project organization.

    Duties & Responsibilities

    • Cost Control: Understand all relevant documentation pertaining to the project, including scope of services, conditions of contract, project execution plan, project schedule, etc.
    • Cost Estimation: Prepare manhour, material quantity, and cost budgets from the cost estimate and update them on approval of contract changes and budget transfers.
    • Budget Management: Disseminate budget information to all operating groups, providing clarification and additional information where required, and ascertaining commitment to budgets as the cost target.
    • Cost Analysis: Identify and analyze 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.
    • Reporting: Maintain a comprehensive material and construction quantity control and reporting system to include the current status of budget, material take-off, and forecast quantities.
    • Collaboration: Liaise with Field Cost Engineer/Construction/Site Manager and review field cost reports and associated information for inclusion in the overall project cost report.
    • Forecasting: Establish and maintain all cost recording documentation, provide comprehensive cost analysis, and prepare forecasts of final project costs.
    • Audit and Reconciliation: 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.
    • Leadership: 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.

    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.
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