To manage and monitor construction project costs, prepare cost estimates and budgets, control project expenditures, and ensure that projects are executed within the approved financial targets. The Cost Surveyor is responsible for analyzing project costs, identifying potential savings, monitoring financial performance, and providing accurate cost reports to management.
2. Key Responsibilities
Prepare project cost estimates, budgets, and financial forecasts based on project requirements and scope of work.
Monitor actual project expenditures against approved budgets and identify any cost variances.
Prepare and maintain project cost control reports on a weekly and monthly basis.
Analyze material, labor, equipment, subcontractor, and other operational costs.
Monitor project expenses to ensure compliance with approved budgets.
Review supplier and subcontractor quotations and conduct cost comparisons.
Identify opportunities for cost reduction and improve overall project cost efficiency.
Monitor project cash flow, forecast future expenses, and highlight potential financial risks.
Evaluate the financial impact of project changes, variations, and additional work.
Coordinate with Project Managers, Site Engineers, Procurement, and Finance departments regarding project costs.
Verify project-related expenses, purchase orders, invoices, and payment requests against approved budgets and contractual terms.
Monitor material consumption, wastage, and resource utilization to avoid unnecessary expenses.
Prepare cost analysis reports and provide recommendations to management for effective financial control.
Track project financial performance and report any expected cost overruns or budget discrepancies.
Assist in preparing tender estimates, commercial proposals, and project financial submissions.
Maintain proper records of project budgets, expenses, cost reports, and financial documentation.
Review subcontractor and supplier costs to ensure compliance with agreed rates and contractual requirements.
Support the Project Manager in achieving project profitability and financial targets.
3. Qualifications and Experience
Bachelor's Degree or Diploma in Civil Engineering, Cost Management, Accounting, Finance, or a related field.
Minimum 3–5 years of experience in cost control, cost estimation, or construction project costing.
Experience in preparing project budgets and monitoring actual expenditures.
Good understanding of construction materials, labor costs, equipment costs, and subcontractor expenses.
Experience in cost analysis, financial forecasting, and budget reporting.
Knowledge of construction contracts, procurement procedures, and project cost management.
4. Required Skills
Strong analytical and numerical skills.
Excellent knowledge of project cost control and budgeting.
Proficiency in Microsoft Excel and MS Office.
Experience with ERP systems and cost management software.
Strong financial reporting and data analysis skills.
Good communication and coordination skills.
Attention to detail and accuracy.
Ability to identify cost-saving opportunities.
Ability to work under pressure and meet reporting deadlines.
5. Key Performance Indicators (KPIs)
Accuracy of project cost estimates and budgets.
Effective monitoring and control of project expenditures.
Reduction of unnecessary project costs and expenses.
Timely submission of cost reports.
Identification and reporting of budget variances.
Accuracy of financial forecasts and cash flow projections.
Compliance with approved project budgets.
Achievement of project cost-saving targets.
Effective coordination with project and finance teams.
6. Reporting and Coordination
The Cost Surveyor shall report directly to the Project Manager or Commercial Manager and coordinate with Site Engineers, Procurement, Finance, and other relevant departments to ensure effective project cost management.
Note: Management may assign additional duties and responsibilities related to the position based on project and operational requirements.