The Cost Manager will be responsible for overseeing and managing all financial aspects of the project, including budget and cost control, pricing schedules, and contract administration. This role requires ensuring that all cost-related activities are carried out in compliance with the approved Cost Plan and Cost Report, providing accurate tracking and reporting of project costs, and managing cost-related issues arising during the project lifecycle.

Specific Responsibilities:

•  Develop and manage the initial Cost Plan in consultation with all parties, including Consultants and SAR.
•  Track and report costs against approved budgets, including committed, incurred, actual/paid, and forecast final/out-turn costs.
•  Prepare job cost reports showing variances between budgets and costs, earned value, and movements from prior months.
•  Validate and verify all commercial/financial performance aspects of the project, including benchmarking Contractors' claims and forecasts.
•  Ensure timely and accurate final accounting, including all claims and outstanding payments.
•  Prepare and oversee the pricing schedule or Bills of Quantities for incorporation within RFPs or post-contract documents.
•  Provide cost consultancy services and be responsible for all aspects of contract administration and cost consultancy for the project.
•  Manage all contractual and cost issues related to the administration of Consultants, Contractors, and works packages.
•  Provide regular cost reports, including updated cash flow forecasts, reconciliation of payments, and forecast final accounts.
•  Carry out cost estimates and comparisons of alternative design or construction solutions.
•  Review and recommend variation payments and verify payment applications from Consultants and Contractors.
•  Prepare recommendation reports on claims, including cost and time impacts, and assist in negotiations and settlements.
•  Ensure that all parties hold correct and current insurances and bonds as required.
•  Maintain a project retention, insurance, and bond register status report.
•  Ensure no certification of payment applications where correct insurances and bonds have not been provided.
•  Prepare and submit monthly reports detailing project status, cost control measures, and financial performance.
• Ensure accurate and timely documentation of all cost management activities, including change management procedures and final account settlements.

Skills / Competencies :

•  Professional certification such as RICS, CCP, or equivalent.
•  Minimum of 10 years of experience in cost management within the rail industry
•  Strong knowledge of cost control principles, budgeting, and financial analysis.
•  Excellent analytical, problem-solving, and communication skills.
•  Proficiency in cost management software and tools.
•  Attention to detail and accuracy in financial reporting.
•  Strong organizational and time management skills.
•  Ability to work collaboratively with multiple stakeholders.
•  Proactive approach to identifying and resolving cost-related issues.
•  Commitment to maintaining high standards of professional ethics and integrity.

Bachelor’s degree in quantity surveying, or a related field with 10 years of experience (Min)