Cost Executive

4 days ago

Singapore KIMLY CONSTRUCTION PRIVATE LIMITED Full time

Understanding and knowing the contract scope, technical requirement and project parameters
- Ability to map the tender cost with the Work Breakdown Structure to know the differences
- Co-ordinates with the tender, purchasing and finance teams in establishing Project Charts of Accounts of awarded projects
- Co-ordinate with planning team and Project Manager for the original baseline master schedule to be submitted to consultant for approval
- Assist in the preparation of Project Budget to be broken down based on Work Breakdown Structure (WBS) showing each cost elements (Labour, Material, Equipment & Wastages) and assign cost centres and codes covering direct and indirect costs
- Liaise with Contract team in the calculation and establishing the sub contractors’ cost in packages of the WBS
- Ability to map the client BQ with the WBS to track the monthly inflow and outflow of funds
- Establish the cost and revenue projection of the project basing on PM’s master programme
- Maintain, track and update of all prelims items including manpower resources and machinery and all sub contracts award with the project budget
- Ability to pick up irregularities for the sub contract awards with the budget in terms of scope completeness
- Review the balance of awarded sub contracts in terms of schedule, scopes and amounts
- Liaise with project team for those material purchased directly to maintain, track and update the balance to be purchased
- Maintain, track and update the extent of scope (confirm and potential) and budget change as compare with the project budget / Change Order Management
- Maintain, track and update of all contractual issues relating to both Main and Sub contracts, all purchasing items as well as monthly actual cost to the project
- Updating the monthly revenue and cost projection
- Monitoring, reporting and forecasting actual versus scheduled progress and productivity to highlight any potential time implication to project team and Project Manager
- Perform a detailed review of the project actual to budgeted costs on a monthly basis and identify potential issues and communicate to the Project Manager
- Monitor, update and forecast the potential total costs of project to completion
- Maintain, track and update the monthly amount certified with the actual cost and advise the project team on the optimisation of progress claim
- Perform, update and report to management on a monthly / quarterly basis, the updated cost budget and to highlight any potential cost related issues with the balance of expenditure, revenue and forecasted total cost to completion of project
- Ability to maintain, track, compile the list of assumptions between periods and to provide constructive insights / story-telling
- Identify process issues which impact the tracking of actual costs to budget, communicating and resolving issues with the various cost centres and project team
- Assist in the preparation of final cost report upon completion of project and collaborate with Accounts for any financial reporting
- Attend discussion and meetings with project team in relation to cost issues

**Job Requirements**:

- Bachelor Degree / Diploma or Certificate in Quantity Surveying or Construction Management
- Minimum of 3 to 5 years’ experience in Construction industry

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