Engineer Project

Fasal Ali Varikkodan

Cost Engineer

Project Management Planning Estimation Costing

Phone: +971-**-***-**** +91-944**-***** Email: *****.***@*****.***

VALUE ADDITION:

Senior Cost Engineer equipped with 12 years expansive career in Cost Estimation and Cost Controlling. Experienced in E&P Services and EPCC projects with intensive knowledge of project planning and costing coupled with intensive knowledge in project execution and management. Skilled in communicating with people of differing levels of authority and cultural backgrounds. Employs excellent leadership skills and multi-tasking strengths. Flexible and adaptable to change, with track record of demonstrating initiative, analytical capabilities and problem-solving skills.

RECOGNIZED FOR:

•Knowledge of AACE and PMI (PMBOK) standard practices.

•Sub-contractor management.

•Change Management

•Customer Focus

CRITICAL FOCUS REMAINS ON:

•Preparation and Updation of Planning Package comprising of Project Schedule (EPCC), Progress Measurement System, Discipline/Work Package S-Curves, Manpower & Equipment Histograms, WBS etc.

•Performing, monitoring, and reviewing cost engineering functions, including cost estimating, cost control, financial reporting systems, and cost analysis, in the field and the home office.

•Act as Cost Focal Point for specific project scopes as required.

•Prepare the tender cost estimation, such as man-hour estimates, materials, construction equipment etc. considering the location and duration of the project.

•Calculate the direct cost for each item by analyzing the item to its basics (Material, Equipment & Manpower) all conforming with the project specifications.

•Perform VOWD and Earned Value Analysis; determine the cost and schedule variance against the plan.

•Preparation of Manpower & Equipment deployment schedule in a way to optimize cost and the utilization of available resources.

•Analyses the cash inflow, cash outflow and fund availability, and prepare the cash flow statement and establish the Revenue and Profit

•Review the Project Change Requests for projects. Analyze trends and highlights the potential impacts of changes in cost and schedule.

•Monitoring Subcontractor performance to ensure consistency with and achievability of the Overall Schedule.

•Assist in Internal and External Auditing

•Prepare progress reports and check Bill of Quantities and invoices for payments to the sub-contractors.

WORK EXPERIENCE:

Since January 2019

Snr. Cost Engineer

Wood Oil & Energy - UAE

November 2015 To December 2018

Cost Engineer

Punj Lloyd Oil & Gas Sdn Bhd –

Malaysia

March 2013 To September 2015

Cost Engineer

Samsung Engineering – Saudi Arabia

June-2011 To February- 2013

Project Control Engineer – Nagarjuna Construction International – Oman

September 2009 To May 2011

Estimation Engineer – Al Adrak Trading & Contracting - Oman

CRITICAL FOCUS REMAINS ON:

•End-to-End Project Management

•Planning / Scheduling

•Resource Development

•Resource Optimization

•Cost Estimation

•Project Proposal

•Budgeting / Cost Control

•Earned Value Management

•Value of Work Done

•Actual Cost Calculation

•Cost Forecasting

•Cash Flow Analysis

•Change Proposal

•Sub-contractor Management & Negotiation

•New Technology Implementation

•Management Dashboard

•Escalation Management

ACADEMICS

•B-Tech Civil Engineering – Thanagal Kunju Musaliar College of Engineering, Kollam – Kerala University – 2008

TECHINICAL SKILLS:

•Primavera Version 6.0

•Microsoft Office

•Oracle

AutoCAD

PROJECTS ACCOUNTABILITY:

WOODPLC, UNITED ARAB EMIRATES

•Act as Cost Focal Point for specific project scopes as required.

•Develop and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes.

•Develop project budget in accordance with project estimate and CTR (Cost, Time & Resource) Catalogue.

•Manage the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals.

•Monitor and control cost commitments and expenditures through all phases of project lifecycle.

•Liaise with project management, project planning and others as required to ensure accuracy in project cost phasing and forecasting.

•Liaise with the Planning and Estimate discipline to ensure accurate and timely control and forecasting of budgets and ensure that the impact of all change requests is properly assessed and included in the schedules.

•Liaise with procurement, finance and time-capture functions, and third parties as required, to ensure accurate and timely capture of procurement, materials, subcontract and manhour costs. Ensure costs are allocated accurately in accordance with approved project WBS.

•Measure Value of Work Done (VoWD) for each project using the business systems (Imperium)

•Prepare monthly/ weekly cost reports and proactively advise key stakeholders when forecasted costs exceed the approved budget and recommend corrective actions.

•Coordinate development and issue of project change requests/variations in accordance with engineering and construction change notifications.

•Maintaining comprehensive accessible registers of financial approvals, change orders and variations.

•Assess and communicate cost and schedule impact of change notifications.

•Monitor overall project cost performance and contingency drawdown.

•Track and review actual weekly manhour bookings and analyses data to ensure bookings are within the current approved budget, and costs are correctly coded making adjustments if necessary

•Maintain charge-out rates within computerized cost system (Imperium), ensuring they are up to date and all rate uplifts are implemented.

•Measurement of Earned Value (EV) for each project and analyses the impact of project manpower forecast

•Tracks and submits accruals monthly on purchase orders and staged personnel. Expedites the closing of purchase orders with input from the procurement and project team throughout the project’s life cycle.

•Liaise with the finance department with regards to establishing monthly evaluation of work done, materials received and services rendered for invoice preparation and verification.

•Attend project/client meetings and present project cost performance status as required.

•Assist Estimator in preparation of estimates where necessary. Where possible prepare estimates for review by estimator.

•Assist manage the project cost close-out process.

•Participate in cost and estimate risk analysis sessions as required

•Delegate and manage the work of subordinate project controls staff as required.

•Provide guidance and support to subordinate Project Controls staff as required.

PUNJ LLOYD OIL & GAS SDN BHD, MALAYSIA

•Break out cost estimate and develop the project baseline Budget, cost schedule and annual budget in accordance with contractual milestone. Establish WBS in line with Scope of work and Price Breakdown.

•Defines project needs for cost control in accordance with established Punj Lloyd and client contractual requirements, objectives, and procedures. Ensure the timely performance of cost control activities.

•Implement an effective cost performance management system emphasizing the VOWD cost performance against budget and Forecast final cost and analyses against Current Budget.

•Control and monitor project total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.

•Preparation and monitoring of Monthly/Weekly Quantitative Targets for Construction in line with Payment Milestones.

•Perform Earned Value Analysis; determine the cost and schedule variance against the plan and communicate the reason for variation and prepare the catch up plan.

•Manage variation process cycle including submissions, logging, counter estimates and approvals. Prepare documentation and substantiation for negotiation of variations during execution.

•Review the change orders on projects. Analyze trends and highlights the potential impacts of changes in cost and schedule.

•Review the Risk register. Accordingly, evaluate level of contingency needed using appropriate methods

•Ascertain the quantity variation and allocate additional budget required to complete the activity and incorporate the quantity trend into project cost forecast.

•Track all commitments, Value of work done (VoWD), Work in progress (WIP), liability and expenditures.

•Liaise with Quantity surveyors and Finance department with regards to establishing monthly evaluation of work done, material received and services rendered for invoice preparation and verification.

•Analyses the fund availability, prepare the cash inflow and outflow of the project, and establish and evaluate the Revenue and Profit Margin.

•Coordinate with Subcontracting, Procurement, Administration and Finance to review and prioritize the payments of subcontractors and vendors.

•Attends in-house cost control review meetings with the Project Director /Project Control Manager and presents/answers questions related to project cost.

•Respond to Internal and External Audit requests.

•Interfaces with designated Punj Lloyd management and Client counterparts for specific cost presentations.

SAMSUNG ENGINEERING, SAUDI ARABIA

•Pro-actively engage with disciplines engineers to interpret technical scope, incorporate project complexity factors into tender estimates and assemble key input data such as scope and execution plan.

•Assist in preparing cost data for proposals and develop supporting data for contract negotiations. Participates in establishing pricing structures to be applied to quantities for estimates. Obtains vendor/subcontractors information to update the cost data file. Applies material unit rates to quantities. Maintains cost data files.

•Prepares and analyzes comparisons of scope, quantities, and cost data between the projects. Performs productivity analysis of Construction operations and verifies results.

•Analyze Plot Plans and other project drawings and documentation to prepare estimates for cost, materials, and labour including escalation, allowances, contingency and management reserve.

•Develops unit job hour and pricing data for a specific discipline or other specialty, including estimating parameters, factors indices, productivity and craft distribution reference data, etc., based on analysis of Samsung Engineering and industry experience.

•Prepare & send out RFP for (materials, vendors & subcontractors), follow-up, prepare technical evaluation; acquire responses and compliance sheets to prepare BID comparison. Advise the best BID on the basis of the technical proposals submitted, compliance to scope of work and delivery period of long lead items.

•Conduct Job explanation meeting, Technical and Commercial clarification meeting; negotiate the quotation to finalize the BID during proposal stage.

•Support Senior Cost Controllers to develop Cost WBS structure and control budget for the project based on the approved estimate.

•Perform cost recording, monitoring, and reporting practices for compliance with applicable standards accuracy and consistency.

•Manage the financial part of the project, covering cost areas such as Forecasts, Actuals, Bookings and Commitments.

•Assist Cost Control Director with a range of other duties as may be required from time to time.

PROJECTS EXECUTED:

WOODPLC, UNITED ARAB EMIRATES

•Basrah Gas Company Rehabilitation - As part of the Iraqi South Gas deal between South Gas Company, Shell and Mitsubishi, it was agreed to establish the Basrah Gas Company (BGC); Engineering Design and Procurement Services that shall be executed out-of-country, under the out-of-country contract. Associated works, material management and adhoc in-country site support shall be executed in-country contract

•Duration – 3 years

•E&PS – Cost Control Team Size: 11

PUNJ LLOYD OIL & GAS SDN BHD, MALAYSIA

•Rapid Refinery Tank Farm Project Of Petronas – Malaysia; Engineering, Procurement, Construction and Commissioning of Tank Farm which includes total 44 Tanks (Total 1,521,841 CuM nominal capacity), 7 Bullets (Total 24,520 CuM nominal capacity) and 2 Spheres (Total 37,020 CuM nominal capacity), associated mechanical and piping works, E&I works, control systems, 6 buildings, etc.

•Duration - 52 Months

•Value - USD 581 Mn

•EPCC PROJECT – Project Control Team Size : 15

SAMSUNG ENGINEERING, SAUDI ARABIA

•Clean Transportation Fuels Riyadh Refinery of Saudi Aramco – Saudi Arabia; Capacity to Process 124 MBD of a blend of 50% Arabian Light and 50% Khurais Crudes. The project includes the Construction of new unit such as Isomerization Unit, Naphtha Splitter and Sulphur Guard Bed and Revamping of CDU, VDU, DHT, GCU, HCK and Merox Units.

•Value - USD 200 Mn

•EPCC PROJECT

NAGARJUNA CONSTRUCTION, OMAN

•Wadi Adai Al-Amerat road project, Oman; The project includes huge quantity of Rock cut and Embankment fill, Construction of 2 Bridges, 9 Culverts, 1 Underpass, 22000 Square meter MSE Wall 1.5km Retaining wall, 7.5km asphalt paving, Mechanical and Electrical works

•Value - USD 150 Mn

AL ADRAK TRADING & CONTRACTING, OMAN

•Petroleum Development of Oman- The works includes all off-plot engineering, procurement, construction and commissioning of pipelines.

•Value – USD 27 Mn

EPCC Sub Contractor

PERSONAL DETAILS:

Marital Status : Married

Date of Birth : 08/03/1984

Nationality : Indian

Passport No : Z2993112 valid upto 2026

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