AGM /DGM - Costing

Role & responsibilities

• Lead Corporate Costing, Estimation and Cost Control functions across all projects.
• Review and vet PCE's (Project Cost Estimates) for all projects before management approval.
• Verify PCE quantities, rates, specifications, productivities, materials, labour, subcontract and project overhead costs.
• Review and validate detailed rate analysis for major and critical BOQ items.
• Benchmark PCE rates against historical project data, market rates, procurement rates and approved benchmarks.
• Coordinate with Tendering, Engineering, Planning, QS, SCM, Finance and Project teams for costing inputs.
• Prepare and review Project budgets based on approved PCEs and awarded BOQs.
• Ensure approved BOQ and budget details are accurately uploaded into P360.
• Verify mapping of BOQ, quantities, rates, cost codes and approved budgets in P360.
• Coordinate with ERP/P360 team for timely resolution of budget and BOQ-related issues.
• Ensure availability of approved budget in P360 before initiating procurement/indenting activities as per process.
• Review and control revisions to approved PCEs and project budgets with appropriate approvals.
• Undertake regular site visits to validate project cost assumptions, quantities, productivity and resource deployment.
• Review actual material consumption, labour productivity, plant utilization and subcontract costs during site visits.
  
• Monitor PCE vs. Award Value vs. Budget vs. Actual Cost vs. Forecast Cost for all projects.
  
• Support Project and Cluster PMO teams in developing corrective actions for cost overruns.
• Review project cost-to-complete and Estimate at Completion (EAC) periodically.
• Develop project-wise and item-wise cost benchmarks for future tenders and PCE preparation.
• Conduct PCE vs. Actual Cost analysis of completed projects and incorporate lessons learned into future estimates.
• Establish standard costing methodologies, rate analysis formats, PCE templates and costing SOPs.
• Provide cost and profitability inputs for tender evaluation and management decision-making.
• Support tender pricing through cost analysis, risk assessment, contingency and margin evaluation.
• Review major procurement and subcontracting rates against approved PCE and project budgets.
• Prepare periodic Corporate Cost MIS and dashboards covering project cost performance and key variances.
• Ensure effective integration of costing, budgeting, procurement, execution and finance data through P360.
• Drive continuous improvement in costing accuracy, cost control, benchmarking and project profitability.