Assistant Cost Lead

Job Description

Responsibilities: Prepare detailed cost estimates and budgets in collaboration with the project team, incorporating all relevant factors such as labor, materials, equipment, and overhead expenses. Conduct thorough measurement and quantification of construction works according to industry standards and project specifications. Evaluate tender documents and prepare comprehensive bills of quantities (BOQs). Analyze and negotiate subcontractor and supplier quotations to ensure competitive pricing and value for money. Monitor project costs throughout all stages, identifying potential cost overruns or savings, and providing recommendations to the project team. Prepare accurate monthly cost reports, including the analysis of costs incurred, commitments, and forecasted costs. Assess and validate variations and change orders, including valuations and cost impacts. Collaborate closely with project managers, engineers, and other stakeholders to evaluate progress, resolve cost-related issues, and ensure financial goals are met. Conduct regular site visits and inspections to validate progress and ensure compliance with contractual and quality requirements. Provide support during the tendering process, including the preparation of cost estimates, bid evaluations, and negotiations. Monitor and track project payments, invoices, and contractual obligations. Stay updated with industry trends, regulations, and best practices related to costs and quantity surveying methodologies.