Cost Control Engineer - MEP

Role Purpose

To monitor and control project costs for Innovo MEP, tracking actual expenditure against approved budgets and providing timely cost reports to support project management decision-making. 

Key Accountabilities

Cost Monitoring 

• Track and analyse project costs against approved budgets on a weekly and monthly basis. 
• Identify cost variances and escalate significant deviations to the Cost Control Team Leader. 

Cost Reporting 

• Prepare monthly cost reports, cost-at-completion forecasts, and variance analyses. 
• Maintain cost databases and ensure all project transactions are correctly coded. 

Cash Flow Reporting 

• Prepare project cash flow forecasts and track actual spend versus forecast. 
• Highlight cash flow risks and funding gaps to the Cost Control Team Leader. 

Budget Management Support 

• Assist in project budget setup and cost baseline establishment. 
• Liaise with QS, procurement, and finance to ensure cost data accuracy. 

Change Control 

• Track approved variations and update project cost baselines accordingly. 
• Verify that cost impacts of change orders are correctly captured in cost reports. 

Innovation & Value Creation 

• Introduce modern tools, technologies and processes that improve efficiency and transparency. 
• Encourage innovative thinking to enhance outcomes and reduce costs without compromising quality. 

Qualifications, Experience, Knowledge & Skills