Cost Controller

Job Title: Cost Control Engineer Role Purpose Monitor and control project costs from mobilisation to final completion, ensuring expenditure remains within approved budgets. Provide accurate forecasts, identify potential overruns, and recommend corrective actions to protect project profitability. Key Duties and Responsibilities 1. Project Budgeting • Prepare detailed project budgets based on contract scope, estimates, BOQs, construction programmes, and execution plans. • Allocate budgets for labour, materials, subcontractors, equipment, and preliminaries. • Establish cost codes and maintain the approved budget baseline. • Record approved budget revisions and transfers with supporting justification. 2. Cost Monitoring and Reporting • Monitor actual expenditure, committed costs, accruals, and remaining project costs. • Compare expenditure and commitments against approved budgets and achieved progress. • Prepare monthly cost reports showing variances, forecast final costs, and projected profitability. • Investigate cost overruns and recommend corrective actions. 3. Purchase Requisition and Commitment Control • Review purchase requisitions, LPOs, subcontract orders, and equipment hire requests for budget availability and correct cost allocation. • Check quantities and requirements against the remaining scope and existing commitments. • Flag unbudgeted expenditure, duplicate requests, and potential overruns before commitment. • Maintain a commitment register covering purchase orders, subcontracts, and approved changes. 4. Labour and Productivity Control • Monitor direct labour and manpower supply costs against budgets and completed quantities. • Analyse productivity, overtime, idle time, and resource utilisation. • Coordinate with site teams to identify reasons for low productivity and implement improvement measures. • Forecast remaining labour requirements and associated costs. Key Performance Indicators • Accuracy and timely submission of monthly cost reports. • Accuracy of forecast final costs. • Early identification and reporting of budget overruns. • Completeness of commitments and accruals. • Timely reconciliation with Finance. • Measurable reduction in material wastage