Lead - AGM/DGM (Costing)

ROLES AND RESPONSIBILITIES

1. Project Cost Estimation and Budgeting

• Prepare preliminary conceptual, and detailed cost estimates for residential, commercial, retail, hospitality, and infrastructure projects.
• Develop comprehensive project budgets based on approved drawings, specifications, area statements, project timelines, and defined scope of work.
• Prepare cost estimates at various design stages, including concept, schematic, design development, tender, and Good for Construction stages.
• Review project budgets periodically and update them based on design development, scope changes, market conditions, and management decisions.

2. Quantity Take-Off and Rate Analysis

• Review architectural, structural, MEP, landscape, faade, interior, and infrastructure drawings to prepare and validate quantity take-offs.
• Prepare detailed rate analyses considering material consumption, labour productivity, plant and machinery, wastage, logistics, overheads, taxes, and contractor margins.
• Validate quantities and rates received from project teams, consultants, contractors, and procurement teams.

3. BOQ and Tender Costing

• Prepare and review Bills of Quantities, cost estimates, scope documents, and pre-tender estimates for various work packages.
• Ensure completeness of BOQs and identify any missing items, scope gaps, quantity discrepancies, or potential commercial risks before tendering.
• Provide cost benchmarks to the Procurement and Contracts teams for commercial evaluation of bids.
• Review comparative statements and analyse quoted rates against approved budgets, market rates, and historical benchmarks.
• Assess the budget impact before finalization of work orders, purchase orders, and contract amendments.

4. Cost Monitoring and Control

• Monitor approved budget, current budget, awarded cost, committed cost, incurred cost, anticipated cost, and balance cost to complete.
• Prepare periodic project cost reports, including budget variance, cost-to-complete, estimate-at-completion, cash-flow forecast, and major cost risks.
• Track unawarded packages and update projected costs based on current market rates and procurement status.
• Identify potential cost overruns at an early stage and recommend appropriate corrective and preventive measures.
• Ensure that all approved and anticipated cost changes are incorporated into the latest project cost forecast.

5. Design Cost Management and Value Engineering

• Review design proposals, specifications, and material selections from a cost perspective.
• Provide timely cost inputs to Design and Project teams to ensure alignment with the approved project budget.
• Evaluate alternative materials, specifications, construction methodologies, and design options.
• Lead value-engineering exercises in coordination with Design, Projects, Procurement, Contracts, and consultants.
• Prepare option comparison statements highlighting cost, quality, execution time, maintenance, and lifecycle implications.
• Track approved value-engineering initiatives and quantify the cost savings achieved.
• Ensure that cost optimization does not compromise design intent, functionality, quality, safety, statutory requirements, or customer commitments.

6. Variation and Change Management

• Assess the cost impact of design changes, revised drawings, additional works, site instructions, and changes in specifications.
• Review Variation Order Requests submitted by contractors, consultants, and project teams.
• Validate contractual entitlement, quantities, rates, supporting documents, and budget availability for proposed variations.
• Maintain a consolidated Variation Order Register covering approved, pending, anticipated, rejected, and under-review variations.
• Provide detailed cost-impact statements before approval of any design or scope change.
• Ensure that approved and foreseeable variations are incorporated into the revised project cost forecast.

Preferred Candidate Details:

• Bachelors degree in civil engineering from a recognized university or institution.
• Professional certification in Quantity Surveying, Cost Management, or Project Management will be an added advantage
• Proficiency in Advanced MS Excel, AutoCAD, ERP/SAP, and cost-management or quantity take-off software is desirable.
• 1620 years of overall experience in project costing, estimation, budgeting, quantity surveying, or cost control within the real estate or construction industry.
• Sound experience in the costing of high-rise residential, luxury housing, villas, commercial, mixed-use, and infrastructure works.
• Hands-on experience in project budgeting, quantity take-off, rate analysis, tender estimation, value engineering, variation assessment, cost monitoring, and cost-to-complete forecasting.