Job description
Responsibility for forecasting, controlling and monitoring project budgets
Prepare cost estimates for offshore construction and installation projects or services to aid management in bidding on or determining price of projects or services
Monitoring total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.
Maintaining cost breakdown structures
Distribute the project charge codes and making sure all the costs are booked to the correct budget
Perform project costing related reporting to the team and management’s review on a monthly basis to ensure that expenditures are kept within the project budget.
Prepare variation reporting for any change in budget with detail explanation and backup
Monitoring of milestone progress to the preparation of customer billing processes
Provide cost control and planning advice to the internal PMT team as and when required.
Work closely with Contract Lead to evaluate the cost impact on any Change Order
Monitor the PMT, engineering, construction labours man-hours compared to bid budget
Understand the execution plan and dial in any deviation from bid basis into the budget and obtain budget approval from project manager and management
Involve in risk assessment and populate the contingency budget
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