Cost Control Lead

Establish and maintain project cost control procedures, guidelines and reporting standards to ensure consistency across the projects. Implement a standard cost reporting process to enhance visibility and control over project expenditures. Lead cost data management across all contracts ensuring accurate compilation, validation and reporting of cost information to Project Management for informed decision making and financial transparency. Provide guidance to project team, in standardized cost control processes including Value Of Work Done (VOWD) reporting, forecast updates, change order management, contingency planning, and expenditures allocation. Review and validate contractor invoices to ensure compliance with payment milestones and project progress. Support project controls by providing financial input for Funding Packages submittits including Estimate Basis, Estimate Confidence Packages, Advance Commitments, and Full Funding. Ensure proper allocation of funds and budget transfers to align with project requirements. Lead the preparation of forecast cost estimates and annual Work Program and Budget incorporating project scope, progress achieved, and pending costs to ensure financial alignment with approved budgets. Develop and maintain Work Breakdown Structure and Cost Breakdown Structure ensuring alignment with project scope and reporting requirements. Monitor cost performance of FEED and EPC contractors, ensuring adherence to control plan. Recommend corrective actions and assess deliverables, including of VOWD reporting, trend analysis, and earned value assessments. Provide early identification of potential cost risks, recommend corrective measures, and collaborate with project leadership to implement cost recovery plans and ensure cost control objectives are met. Provide support for FEED and EPC tenders technical evaluations by developing evaluation plans, coordinating bid reviews, and ensuring approvals from relevant project committees. Oversee project commitments, ensuring contractual compliance for change orders and approvals. Provide cost control guidance to procurement and contract teams for effective WBS and CBS allocations. Follow up Project Commitments in line with approved budgets and ensure all change orders are dully submitted and are subject to proper Management approval.