Cost Control Manager

ABOUT THE ROLE

The Cost Control Manager is responsible for planning, monitoring, and controlling project costs throughout the project lifecycle. This role ensures that projects are completed within approved budgets while maintaining quality standards and requirements.

KEY RESPONSIBILITIES

Cost Planning and Budget Management

• Develops and implements project cost control strategies, policies, and procedures.
• Monitors project expenditures to ensure adherence to approved budgets.
• Forecasts project costs at completion and recommend budget adjustments as necessary.

Cost Monitoring and Financial Reporting

• Monitors actual project costs against approved budgets and forecasts.
• Analyzes cost variances and recommends corrective actions to mitigate budget overruns.
• Prepares and submits accurate weekly, monthly, and management cost reports.

Contract Management and Procurements

• Monitors project commitments, contracts, and payment schedules.
• Ensures compliance with contractual terms and commercial requirements.
• Coordinates with the Procurement tea to achieve cost-effective sourcing and purchasing.
• Recommends value engineering initiatives to optimize project costs.

Project Coordination and Risk Management / Compliance

• Supports Management by providing financial analyses for strategic decision-making.
• Identifies financial and commercial risks affecting project costs

Leadership and Team Management

• Promotes continuous improvement in cost control processes and reporting.
• Identifies training and development needs to enhance team capabilities.

JOB QUALIFICATION

• Bachelor's degree in Civil Engineering, Construction Management, Quantity Surveying, or a related field.
• Minimum of 8-10 years of managerial experience in construction cost control, project controls, or a project finance.
• With extensive familiarity in construction contracts, procurement processes, and risk management.
• Proficient in MS Excel and cost management software such as Primavera P6, SAP, or similar project control systems.
• Knowledge of local construction regulations, accounting principles, and industry standards.
• Professional certifications such as PMP, CCP (Certified Cost Professional), or equivalent is an advantage.

SKILLS / CORE COMPETENCIES

• Cost Planning and Budgeting and Cost Monitoring & Control
• Budget & Variance Analysis
• Quantity Surveying & Commercial Management
• Procurement & Contract Management
• Forecasting & Financial Reporting
• Risk Management