Responsible for the implementation of Cost Control Department-related policies and procedures.
Controlling and monitoring the project total expenditure, including verifying and checking the invoices and claims from suppliers, vendors, and subcontractors to ensure that all project expenditures are captured and properly recorded.
Following up & coordinating with the budgeting department for any update on the approved budget.
Coordinating with budgeting departments to establish the proper coding of all activity items.
Following up on the uploading of the project budget in 5 categories and the related data in the ERP system.
Following up on the daily cost data required for the cost entries in the ERP system.
Preparing and reviewing data required for the cost report, Materials, Manpower, Equipment, Sub-cont., uncategorized cost and Indirect cost.
Monitoring on daily basis all forms of cost control data which are applied on sites.
Following up any issued variation orders or new additional items to create them in the ERP system.
Analyzing the actual cost data to confirm it is matching the activities done on-site.
Advising the Senior Cost Control Engineer of any potential cost overrun.
Advising the Senior Cost Control Engineer of the cost negative Variance when they occur.
Calculating the Earned Value (depending on the Actual Progress on Site) and comparing it with its actual cost.
Calculating the Forecast Cost at completion & Cost variance at completion under supervison of the Senior Cost Control Engineer.
