Job Summary:

Responsible for timely and accurate cost estimation and benchmarking of projects based on standardsRoles and Responsibilities:

Coordinate with relevant departments to ensure adequate levels of support are provided at all stages of projects, including:

Commercial review, analysis and cost benchmarking of Tenders, providing detailed feedback on findings of commercial analysis and highlighting any potential areas for negotiation such as abnormal rates, variances with the PTE etc.

Implementation of commercial review and cost benchmarking of all Variations, Work Orders etc.

Provide Cost Analyses and Commercial Recommendations on Claims.

Support project feasibility assessment through provision of Cost Estimates, in coordination with Development & Portfolio Management department.

Assist project managers and Project Control in initial and detailed budget preparation.

Involvement in negotiation of Tenders, VO, Claims etc. to justify benchmark rates, demonstrate methodology and accuracy of any star rate build-ups, demonstrate and justify commercial evaluation of claims etc.

Design, develop and maintain a structured database of all Infra/Building/MEP Contractor and sub-contractor rates for ensuring accuracy, consistency and traceability of information used by the team.

Ensure database entries are accurate, up to date, and can provide reliable data for comparison.

Build-up new rates from first principals (labour, plant, materials) as and when required and record in the database for future reference by the team.

Record and perform cost benchmarking and analysis of proposed Daywork rates from Contractors and Suppliers for all major Labour, Materials and Equipment

Develop contact list of contractors and suppliers for the purposes of pricing enquiries to obtain current market rates as and when required.

Contact suppliers and contractors on a regular basis to provide up-to-date pricing figures.

Collaborate with the Contract Management team to monitor and review data compiled in the projects contracts database, including contract values and variation orders.

Coordinate with project teams, Operations departments to review sizeable variation orders and update database accordingly, identify cost, budget and schedule impact of proposed changes and communicate to relevant team to incorporate changes in the plan

Maintain and monitor a detailed log of all submissions to the CE&B department indicating claimed value, recommended value, current review status, timeline, responsible team member etc.Reporting Lines:

Report to: Manager – Cost Estimation

Report From: NoneCapabilities / Skills:

Business capabilities:

5+ years of experience in large scale real estate projects focusing on cost estimation and control

Excellent understanding of site-based aspects of construction projects

Excellent understanding of construction costs, cost estimation techniques and rate analysis.

IT proficient, with extensive experience working with Excel, Database and Estimating SoftwareInterpersonal skills:

Excellent organizational skills and attention to detail

Excellent analytical, problem solving and decision making skills

Strong communication and interpersonal skills

Strong negotiation skills.

Ability to work under pressure and achieve tight deadlines

Commitment to Professional Ethics, Integrity and ConfidentialityKey Performance Indicators:

Accuracy of cost estimates (actual project cost vs. estimate, number of discrepancies between vendor quotations and database)

Cost benchmarking turnaround time

Regular updates from supplier and database from existing contracts

Project Manager satisfaction level (NPS or equivalent)