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