About the job The Project Cost Assurance Lead is accountable for and a primary point of contact for the Integrated Turn Out Cost Assurance Process (ITAP).
Acting as the Principle's Cost Verifier for SA Water's Water and Waste Water infrastructure projects, the Cost Assurance Lead will work closely with internal Sustainable Infrastructure teams and with our partners and contractors to assure that work proposals are based on prudent and efficient methodologies and consistent with market pricing and established benchmarks.
The incumbent will do this as a combination of their construction costing experience and through maintaining a cost benchmarking and data-based approach.
In addition, your responsibilities will include: Develop, manage, and maintain the ITAP in collaboration with key stakeholders. Undertake detailed review and interrogation of TOC Development Services Upper Limiting Fee (ULF) proposal through analysis of rates and hours with due consideration of engineering deliverables through interfacing with Owners Engineering representatives. Conduct detailed review of "open book" Framework Contractors TOC estimates from first principles including methodology, clarification, exclusion, risk, and opportunity.
Review should include validation of prices against historical benchmark data. Review risk assessments provided by the client partners to assess and agree both valuation of risks, likelihood of occurring, and best holder of the risk under the contract. Analyse and review project plans, specifications, and requirements to identify potential cost-saving measures and value engineering opportunities without compromising project quality. Develop and maintain positive relationships with our client partners to ensure the highest levels of collaboration and service. Ensure that the detailed Final Cost Report and reconciled TOC are in an acceptable format for use by Cost Intelligence Lead in rates database, cost models, and Benchmark Dashboards. Develop and maintain Integrated TOC Assurance Process. Provide high-level estimating advice to Cost Intelligence team for Budget Estimates. Your success in this role will come from: Bachelor's degree in engineering or construction or equivalent in relevant work experiences. At least 10 to 15 years in the construction industry. Sound understanding of open book contracting models, in particular Risk Adjusted Maximum Price (RAMP) or Target Outturn Cost (TOC). Highly competent in First Principal Estimating practices and Work Breakdown Structures. A broad understanding of other Project Controls functions. Highly developed interpersonal and relationship building skills. Excellent written and verbal communication skills. To apply, click 'Apply'.
Please submit and complete the application form, upload a cover letter, and current resume.
For enquiries, please contact Kristie from the Talent Acquisition team at .
Applications close 5pm, 15th November 2024.
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