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.