Prepare detailed cost estimates for all MEP components, including materials, labor, and overheads, based on project designs and technical specifications.
Collaborate with design and engineering teams to ensure cost estimates align with project requirements and technical standards.
Budget Control & Cost Monitoring:
Track and monitor the actual costs of MEP works against the approved budget, identifying variances and implementing corrective actions when necessary.
Ensure all MEP-related costs are accounted for during the project lifecycle and collaborate with the procurement and construction teams to maintain financial discipline.
Vendor & Contractor Cost Management:
Manage relationships with MEP vendors and contractors, ensuring contracts are negotiated within budget, and monitor their financial performance throughout the project.
Evaluate resource utilization, including manpower and materials, to optimize costs and ensure the efficient execution of MEP works.
Reporting & Documentation:
Prepare financial reports, cost forecasts, and variance analyses for MEP works, providing insights t~o the Planning and Costing Lead and senior management.
Maintain detailed documentation of cost estimation processes, budget adjustments, and all financial transactions related to MEP activities.
Cost Risk Assessment & Mitigation:
Identify and assess potential risks that could affect MEP costs, such as price fluctuations of electrical or mechanical components.
Implement risk mitigation strategies to prevent cost overruns and ensure compliance with financial and contractual guidelines.