Lead the Cost & Contract team in developing and implementing policies, procedures, and frameworks for effective cost control, tender and awarding, and contract management across all business units.
Provide strategic advice to Management on project costing, contract strategies, risk exposure, and cost efficiency improvements.
Collaborate with Property Division, Finance, and Legal teams to ensure integrated and transparent contract management processes.
Review and recommend cost plans, tender reports, and contractual documents for accuracy, consistency, and compliance with corporate governance standards.
Responsibilities
- Pre-Contract Management
- Develop and maintain detailed feasibility cost studies, preliminary cost estimates, and project budgeting during the planning and design stages.
- Manage the tender process, including preparation of tender documents, calling for tenders, tender evaluations, negotiation, and award recommendations.
- Ensure tender and procurement processes comply with Group policies, internal controls, and regulatory requirements.
- Evaluate and recommend contract management or tender & procurement strategies (e.g., lump sum, design & build, re‑measurement) appropriate to project needs and risk profile.
- Participate in value engineering exercises to optimize project design and cost efficiency without compromising quality and functionality.
- Post-Contract Management
- Oversee and manage the contract administration throughout project implementation, including contractual progress payment certification, variation order assessments, and extension of time (EOT) evaluation.
- Monitor project expenditure against budgets and highlight potential cost overruns or savings to Management promptly.
- Ensure all contractual obligations are properly administered, documented, and closed out upon project completion.
- Review and manage final accounts settlement with contractors and consultants.
- Support project teams in resolving contractual disputes, claims, and arbitration matters, in collaboration with Legal when necessary.
- Monitor construction cash flows and validate financial projections in collaboration with Finance Team when necessary.
- Governance, Reporting, Risk & Compliance Controls
- Establish and maintain Group‑wide cost database, benchmarking, and reporting tools for better project cost forecasting and control.
- Implement strong governance and audit trails for tendering, procurement, and contract documentation.
- Prepare regular reports and analyses on cost performance, contract status, and risk exposure for Management review.
- Continuously review and enhance internal procedures to improve efficiency, transparency, and compliance.
- Coordinate with Quantity Surveyors and consultants for cost accuracy.
- Identify and mitigate contractual and financial risks.
- Support ESG compliance in cost & contract management.
- Stakeholder Engagement
- Liaise with internal teams, consultants, and contractors.
- Provide commercial insights to support design and execution decisions.
- Foster transparent communication across functions.
Qualifications
- Degree in Quantity Surveying, Construction Management, or related field.
- Minimum 10–15 years of experience in cost and contract management, with at least 5 years in a managerial or head‑of‑department role in property development or infrastructure industry.
- Strong knowledge of construction contracts and procurement frameworks.
- Experience with ESG‑aligned cost and contract practices preferred.