Monitor daily quantities and costs to ensure compliance with the approved budget and cost control policies for all project requisitions and expenses.
Manage variation orders by incorporating approved changes into the project budget.
Prepare and review job budget sheets, updating budgets based on new or revised drawings.
Generate monthly cost reports using cost control techniques.
Collaborate with cross-functional teams, such as Accounts, Site QS, Planning, and Engineering, to collect data for detailed cost analysis.
Maintain accurate records of actual cost elements (e.g., staff, materials, subcontractors) for project close-out reports.
Track and report project status, emphasizing significant savings or losses to management.
Provide regular updates and reports on budget revisions and the impact of variation orders.
Ensure all job files, including revised budgets, contracts, and drawings, are properly organized and maintained.
Identify opportunities for cost savings and recommend initiatives to enhance resource utilization.
Coordinate with engineering, procurement, construction, and other teams as needed to stay informed about project activities and their influence on the budget, schedule, and cost forecast.
Develop and maintain an effective system for data sharing to support financial analysis, reporting, and explanations for major budget variances.
