Project Cost Manager

6 days ago

Singapore beBeequantity Full time $60,000 - $120,000

Project Cost Manager

About the Role

We are seeking an experienced Project Cost Manager to oversee and manage all aspects of project costing, contract administration, procurement, and commercial management. The successful candidate will work closely with the project team to ensure effective execution and delivery of construction projects within budget, on time, and to quality standards.

  • Key Responsibilities:
  • Project Coordination & Oversight: Work closely with the project team and Project Manager to coordinate all project activities from contract review to budget tracking and cost control. Ensure timely review, approval, and negotiation of variations, progress claims, and final accounts.
  • Contract Management: Review and evaluate contract terms, ensuring compliance and risk mitigation. Provide recommendations and negotiate contract terms with clients, vendors, subcontractors, and purchasing teams to reach mutually satisfactory agreements.
  • Cost Control & Budgeting: Plan project budgets and monitor expenditures to ensure cost-effective operations. Implement commercial controls to track and manage procurement, WIP (Work In Progress), collections, retentions, and reconciliations.
  • Team Leadership: Lead and support team members to meet project objectives and profitability within the specified time and constraints. Ensure commercial processes align with company policies and contract objectives.
  • Stakeholder Management: Serve as the liaison between clients, main contractors, and vendors. Facilitate cost negotiations, material recommendations, and record-keeping (e.g., Site Instructions, Architect Instructions).
  • Claims & Variations: Ensure timely follow-up and submission of progress claims, variations, and final accounts. Monitor and coordinate the release of retention sums as per contract terms.
  • Risk & Issue Resolution: Identify and mitigate commercial and contractual risks throughout the project lifecycle. Intervene and resolve issues such as project delays and evaluation concerns.
  • Strategic Input: Contribute to value engineering strategies to improve project value and profitability. Provide commercial support for potential new business opportunities.
Requirements
  • Degree/Diploma in Quantity Surveying, Construction Management, or related field.
  • Proficient in project cost software and Microsoft Office Suite.

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