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A leading construction firm in Malaysia is seeking a Cost and Contract Manager to oversee project cost management and contract administration. The successful candidate will be responsible for ensuring financial efficiency and compliance throughout the project lifecycle, while collaborating with various stakeholders. The role requires a Bachelor’s degree in a related field and a minimum of 12 years' experience, particularly in large-scale projects. Strong leadership and analytical skills are essential for this position.
As the site-based Cost and Contract Manager for the Project, accountable for the end-to-end cost and contract lifecycle. This includes leading project estimation, developing and controlling budgets, administering all contract matters, and implementing rigorous cost control measures to ensure financial efficiency, contractual adherence, and on-time delivery per strategic objectives. The incumbent will collaborate with internal departments and external stakeholders to implement cost-effective strategies that align with the company's objectives.
A1) Execute and monitor comprehensive cost control for the project. Establish, manage, and track all budgets, estimates, contract values, and change/variation orders, ensuring rigorous approval protocols. Implement project budget tracking via cost centers and deliver regular, insightful cost status reports to management.
2) Manage and oversee the company’s contract management system to track contract statuses. Ensure effective monitoring of guarantees, sureties, bonds, insurances, warranties and other contractual certificates and compliance.
3) Lead cost analysis for past projects and maintain cost databanks for future cost modeling. Utilize historical data to improve cost forecasting and project financial planning. Contribute financial efficiency audits and optimize cost effectiveness.
4) Supervise and support the preparation of tenders, Requests for Proposals (RFPs), Requests for Quotations (RFQs), and other procurement documents as necessary. Lead the evaluation and recommendation of tenders or proposals with relevant stakeholders. Establish commercial evaluation criteria and drive rationalization of rates and pricing.
5) Identify, assess, and mitigate commercial risks associated with projects, including claims and contractual disputes. Develop and draft contractual correspondence and implement risk response strategies. Maintain claims and dispute registers while overseeing cost‑related risk management throughout the project life cycle.
6) Oversee and coordinate the processing of payment applications from contractors or vendors, including preparing payment certificates and tracking payment status. Ensure smooth coordination of payment processes with internal and external stakeholders, ensuring compliance with contractual terms and maintaining optimal cash flow.
7) Project Coordination
Collaborate with project managers, engineers, and finance teams to align cost and contract strategies with project timelines.