Roles & Responsibilities
Job Summary:
Primary responsibility is to manage the financial aspects of projects related to finishing joinery and interior fit-outs. This includes estimating costs, budgeting, cost control, procurement, and ensuring that projects are completed within the allocated budget while meeting quality standards.
Responsibilities:
Cost Estimation: Conduct detailed cost estimations for finishing joinery and fit-out projects, considering materials, labor, equipment, and overhead expenses.Analyze project specifications, drawings, and design plans to determine accurate cost projections. Monitor and control project costs by tracking expenses, variations, and change orders. Ensure that expenses are within the approved budget and report any deviations.
Budgeting and Cost Control: Develop and manage project budgets, ensuring that costs are accurately forecasted and controlled throughout the project lifecycle.Monitor expenses, track variations, and implement cost-saving measures when necessary.
Budget Management: Assist in setting project budgets based on the estimated costs and project requirements. Monitor and control costs throughout the pre-contract phase to ensure alignment with the established budget.
Procurement: Collaborate with suppliers, vendors, and subcontractors to obtain quotes and negotiate favorable terms for materials and services required for finishing joinery and fit-out projects.Prepare procurement schedules and ensure timely delivery of materials to avoid project delays.
Contract Management: Assist in preparing and reviewing contracts, ensuring that all parties understand their obligations and responsibilities.Monitor contract compliance and manage any changes or variations that arise during the project.
Risk Assessment: Identify potential risks related to costs, project scope, and timelines, and develop mitigation strategies. Regularly review and assess project risks, making adjustments to the budget and plans as needed. Identify potential risks and uncertainties associated with the project, both in terms of cost and contractual obligations. Develop strategies to mitigate these risks.
Collaboration: Work closely with project managers, architects, designers, and contractors to ensure accurate project cost management and adherence to quality standards.Communicate effectively with all stakeholders to address any financial concerns and provide regular updates on cost-related matters.
Reporting: Generate and maintain accurate financial reports, including cost forecasts, cash flow projections, and cost-to-completion analyses.Provide regular updates to management regarding the project's financial status.
Quality and Value Engineering: Collaborate with the project team to identify opportunities for value engineering without compromising on quality.Recommend cost-effective alternatives that align with project goals.
Value Engineering: Suggest cost-effective alternatives without compromising quality to optimize the project's cost-efficiency while meeting design intent.
Value Management: Collaborate with the design team to ensure the design vision aligns with the project budget. Provide input on cost implications of design decisions.
Tender Documentation: Prepare comprehensive tender documentation, including bills of quantities, specifications, and contract terms, to invite bids from contractors and suppliers.
Contractor Selection: Evaluate submitted tenders, analyze pricing structures, and collaborate with the procurement team to select suitable contractors for the finishing joinery and fit-out works.
Contract Negotiation: Participate in contract negotiations with selected contractors to finalize terms and conditions, ensuring clarity on scope, payment terms, and project milestones.
Change Management: Evaluate and negotiate change orders, variations, and additional works, ensuring that all changes are properly documented and approved by relevant stakeholders.
Progress Reporting: Regularly update the project's financial status, including budget comparisons, cash flow projections, and cost forecasts.
Payment Valuations: Collaborate with site teams to verify work progress and prepare interim payment valuations for contractors in accordance with the contract terms.
Dispute Resolution: Assist in resolving any contractual disputes that may arise, including claims for additional payment, delays, or variations.
Final Account: Prepare and negotiate the final account with contractors upon project completion, ensuring that all contractual obligations are fulfilled.
Post-Project Analysis: Conduct a post-project analysis to review the project's financial performance, identifying lessons learned and areas for improvement.
Stakeholder Communication: Maintain effective communication with stakeholders, including the client, project managers, contractors, and design teams.
Desired Candidate Profile
Qualifications and Skills:
A bachelor's degree in Quantity Surveying, Construction Management, or a related field.
Relevant experience in quantity surveying, particularly in finishing joinery and fit-out projects is mandatory.
Proficiency in cost estimation, budgeting, and cost control techniques, Bill of Quantities, Quantity Take-Off, Bill of Materials (BOM), Cost Estimation, Rate Analysis,Material Take-Off, Cost Breakdown Structure and Cost Coding.
Strong negotiation and procurement skills.
Excellent understanding of construction contracts and relevant regulations.
Effective communication and collaboration abilities.
Proficiency in relevant software tools, such as cost estimating software and project management tools.