Cost Management Specialist

3 days ago

Doha, Baladīyat ad Dawḩah, Qatar Precision Hire Solution Full time

Job Title: Head of Cost & Contract Management

Overview:

The Head of Cost and Contract Management will lead the cost management and contract administration functions within the Project Delivery department, supporting the successful execution of high-value real estate projects.

Key Responsibilities:

  1. Cost Management:
    1. Develop and manage project budgets and cost plans to ensure alignment with project schedules and objectives.
    2. Coordinate with the Project Control and Planning team to monitor cost performance and forecast project expenditure accurately.
    3. Conduct cost analysis, value engineering, and lifecycle costing to identify potential savings without compromising quality.
    4. Regularly prepare and present cost reports, cash flow forecasts, and variance analyses to senior management.
    5. Ensure all project cost data is accurately recorded, reported, and tracked in compliance with company policies.
  2. Contract Administration:
    1. Administer and manage project contracts, including drafting, reviewing, and negotiating terms for consultancy, construction, and supplier agreements (FIDIC and other forms).
    2. Evaluate contractor and consultant claims, including extensions of time (EOTs) and variations, and recommend resolutions.
    3. Oversee the issuance of payment certifications, ensuring timely and accurate processing.
    4. Manage contractual risks and provide advice to senior management on claims, disputes, and other contract-related matters.
    5. Ensure alignment of all contract administration activities with corporate procurement and legal policies.
  3. Commercial Strategy and Risk Management:
    1. Develop and implement commercial strategies to protect the company's financial and contractual interests across all projects.
    2. Identify, assess, and mitigate commercial risks throughout the project lifecycle.
    3. Lead the resolution of claims and disputes in collaboration with legal advisors and senior stakeholders.
    4. Regularly review project financial performance to ensure adherence to commercial objectives.
  4. Stakeholder Engagement and Leadership:
    1. Collaborate with the Project Control and Planning team to align cost and schedule objectives.
    2. Liaise with senior management to provide updates on cost, contract, and risk management issues.
    3. Build and maintain strong relationships with contractors, consultants, and suppliers to ensure effective communication and contract compliance.
    4. Mentor and develop junior commercial team members, fostering a culture of accountability and excellence.

Requirements:

  • Bachelor's degree in Quantity Surveying, Construction Management, Civil Engineering, or a related field.
  • Minimum 12-15 years of experience in cost and contract management, with at least 5 years in a senior position overseeing large-scale real estate development projects.
  • Proven track record of managing projects with a combined value exceeding QAR 1 billion, preferably in the Middle East.
  • Extensive experience with FIDIC contracts and other internationally recognized forms of contract.
  • Demonstrable expertise in value engineering, contract negotiation, and claims management.

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