Cost and Commercial Engineer

Responsibilities:

• Develop, monitor, and update project cost plans, budgets, and forecasts.
• Prepare cash flow projections and ensure alignment with project schedules.
• Evaluate, negotiate, and administer contracts and variations in compliance with project requirements.
• Monitor contractor performance and manage claims, change orders, and dispute resolution.
• Review and validate contractors’ interim payment applications, invoices, and final accounts.
• Conduct cost risk assessments and advise on cost optimization strategies.
• Support tendering and procurement processes including bid analysis and recommendations.
• Coordinate with project managers, design consultants, and contractors to ensure commercial objectives are achieved.
• Ensure compliance with PMC procedures, contract terms, and industry standards.
• Prepare regular cost and commercial reports for client review and decision-making.
• Prepare detailed Bill of Quantities (BOQ), cost estimates, and feasibility studies for housing projects.
• Lead the cost benchmarking process to ensure competitiveness and efficiency.
• Provide value engineering input during design development to optimize cost without compromising quality.
• Ensure proper change management procedures are followed and maintain a change log for variations.
• Monitor project expenditures against budgets and highlight potential overruns in advance.
• Support preparation and evaluation of tender documents, RFPs, and RFQs.
• Assist in developing and implementing commercial strategies to achieve project financial targets.
• Ensure compliance with local authority regulations, contractual requirements, and client policies.
• Manage and mentor junior cost engineers and quantity surveyors within the PMC team.
• Liaise with finance and procurement teams to ensure accurate and timely project accounting.
• Maintain an auditable trail of all commercial correspondence, approvals, and cost-related documentation.
• Provide support in final account settlement and project close-out process.
• Contribute to preparation of monthly progress, cost, and commercial reports for client and senior management.

Essential Requirements:

• Bachelor’s Degree in Quantity Surveying, Civil/Mechanical Engineering, or a related discipline.
• Minimum 12+ years of relevant experience in cost management and commercial engineering, preferably within large-scale housing or residential projects.
• Strong background in Project Management Consultancy (PMC) environment.
• Excellent knowledge of contract forms (FIDIC or equivalent) and claims management.
• Proficiency in cost management software (e.g., Primavera, CostX, Candy, Excel).
• Strong analytical, negotiation, and communication skills.
• Membership of a professional body (e.g., RICS, AACE, or equivalent) preferred.