Qureos

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Cost Manager

Kuwait City, Kuwait

Cost Manager

The ideal candidate will have a strong background in project planning, cost control, and financial management within the PMO industry. You will play a crucial role in managing project timelines, costs, and resources to ensure that projects are delivered on schedule and within budget.

Key Responsibilities:

  • Managing the cost & schedule control of the coordinators portfolio.
  • Obtain the budget costs of system, assemblies, equipment, materials and labor.
  • Preparation of a Budgeting and Cost Management Plan including updates.
  • Establishing the cost centers and cost codes for the Project.
  • Preparation of a Budget Estimate and updates thereof for approval by the Client of construction costs.
  • Monitoring projected expenditure against allowances made in the approved Budget Estimate.
  • Preparation and submission of Project cash flow forecasts and monthly updates thereof at the completion of each design and tender documentation stage covering consultancy agreements and construction contracts.
  • Provide cost advice during the final development of the design, including cost comparisons reviews of alternative design or construction solutions.
  • Provide budget updates in such form and with such details as may be requested by the Client.
  • Follow up of all contractual issues and monitor their cost impact. Lead the planning and cost control team for large-scale construction projects.
  • Develop and maintain detailed project schedules, ensuring alignment with project goals and objectives.
  • Oversee the preparation of cost estimates, budgets, and financial reports.
  • Monitor project performance and identify any deviations from the plan, recommending corrective actions.
  • Conduct regular cost and schedule analysis to ensure efficient project execution.
  • Coordinate with project managers, engineers, and other stakeholders to ensure smooth project progress.
  • Prepare and present detailed reports to senior management on project status, forecasts, and performance metrics.
  • Manage changes to project scope, schedule, and cost, and evaluate the impact of these changes.
  • Implement effective risk management strategies to mitigate cost and schedule risks.

Required Qualifications:

  • Education: Bachelor's degree in Civil Engineering, Construction Management, or related field.
  • Experience:
  • Minimum of 15 years of experience in planning and cost control
  • Proven track record of managing complex projects.

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