Reynaldo Jr Banico, Sr. Cost Control Engineer

Reynaldo Jr Banico

Sr. Cost Control Engineer

RAQ CONTRACTING, LLC

Location
United Arab Emirates - Dubai
Education
Bachelor's degree, Civil Engineering
Experience
14 years, 4 Months

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Work Experience

Total years of experience :14 years, 4 Months

Sr. Cost Control Engineer at RAQ CONTRACTING, LLC
  • United Arab Emirates - Dubai
  • My current job since December 2019

Projects:
EXPO 2020 Pavilions
Italy Pavilion AED73, 000, 000
Malaysia Pavilion AED 26, 000, 000
Philippines Pavilion AED25, 000, 000
Poland Pavilion AED 24, 000, 000

• Review all MR’s and LPO’s for further verification in all terms, to make sure that the same is processed as per policy; this includes the review and verification of the criteria used to select certain supplier (Comparison Sheet). Also includes the approval of each LPO prior to the signature of Operations Manager and Managing Director.
• Monitor all projects related costs and expenditures and to make sure all services and materials are obtained at the best cost possible and ensure that all purchases are within the approved budget and issue variance reports on monthly basis.
• Prepare BCWP, ACWP and Cost to Complete in coordination with Project Director’s and Site Team.
• Prepare Cost Overrun Approvals with site justifications and preventive/corrective recommendations.
• Follow cost control procedures and code of accounts using ERP System (Right ERP & Horizon EBS)
• Coordinate with Finance department on posting actual cost and issues related to asset register. Controls of assets/material transfer from/to project site.
• Coordinate with project team for the reconciliation between the pre and post contract documents.
• Prepare and present the Monthly Cost Reports during Cost Control Meeting with Project Control Manager, Project Director, Commercial Manager, Operations Manager and Managing Director.
• Maintain, monitor and control project budgets, through Project Controls system, and issue variance reports on monthly basis

Sr. Cost Control Engineer at Global Green Bridge Contracting, LLC
  • United Arab Emirates - Dubai
  • January 2019 to November 2019

Projects:
(B+G+4) Retail & Labour Accom.
Jebel Ali Industrial First, Dubai, UAE
AED 65, 000, 000

(2B+G+8 Typ.+Roof) Mix Use Bldg
Al Furjan, Dubai, UAE
AED 33, 750, 000

(B+G+7) Hotel Dev’t.
Al Furjan, Dubai, UAE
AED 29, 485, 000

(G+1P+5) Res. & Comm. Bldg.
Al Barsha South Fifth, Dubai, UAE
AED 34, 500, 000

Sr. Cost Control Engineer at Al Tatweer Contracting & Belhasa Projects, LLC
  • United Arab Emirates - Dubai
  • May 2015 to January 2019

Projects:
(B+G+2P+14)Res. Bldg.
Healthcare City, Dubai, UAE
AED 104, 500, 000

(2B+G+12) 2 Typ. Bldg.
Wadi Al Safa, Dubai, UAE
AED 105, 000, 000

(2B+G+1+Terrace) Hospital Bldg
Umm Al Sheif, Dubai, UAE
AED 73, 800, 000

(B+G+13+Gym) Hotel Bldg.
Al Barsha, Dubai, UAE
AED 43, 000, 000

(G+1) 36 Villa
Um Al Quwain
AED 32, 000, 000

Project Quantity Surveyor at AL JABER ENERGY SERVICES, LLC
  • United Arab Emirates - Abu Dhabi
  • February 2012 to December 2014

Projects:
Ruwais Refinery Expansion - (TAKREER)
South Korea Eng’g & Construction-Civil & Bldg. Project
Al Ruwais, Abu Dhabi, UAE
USD 128, 887, 476 + USD 5, 756, 000 (Variation Order)

Ruwais Sulfur Handling Terminal Project - (GASCO)
Al Jaber Energy Services-TECHINT Consortium
Al Ruwais, Abu Dhabi, UAE
USD 606, 766, 353 (AED 2.23 Billion)

Duties:
• Prepare Interim/Monthly Payment Application based on actual site accomplishments and expedite issuance of Payment Certificates and Close out of Final Accounts.
• Prepare, assessed and agree Variation/Change Order with Engineer & Clients.
• Responding value engineering/proposed negative variations of the Engineer by ensuring it is within the Contract.
• Liaise regularly with Client’s Commercial Representative; understand their commercial requirements and processes within the Terms of Contract in coordination with Project Manager & Commercial Manager.
• Analyze and understand the terms and Condition of the Main Contract and Subcontracts. Ensure senior project staff’s have basic understanding of content and obligations.
• Evaluate and approve supplier/subcontractor invoices as per Contract Agreement and prepare Payment Certificate to be signed by Project Control, Contracts and Project Manager.
• Prepare and submit weekly report with regards to status of progress accomplishment, in terms of detailed quantity take-off, progress billing report and for cash flow.
• Maintain and update tracking log’s regularly (Interim Payment, VO’s, SC/Supplier PC, Bonds & Insurances, etc.)
• Attend regular progress meeting with Subcontractor’s/Suppliers and action any commercial issues that may rise
• Prepared detailed data/report on Project commercial issues or disputes for Commercial and Project Manager with recommendations for review and resolution.
• Facilitate accurate and timely quantity take off’s and any Bill of Quantity required for inquiries, subcontracts value engineering or the like.
• Coordinate with other Departments such as Planning, Procurement, Engineering, Administration and QHSE to ensure satisfactory commercial support.

Project Quantity Surveyor / Cost Control Engineer at KELE CONTRACTING, LLC
  • United Arab Emirates - Dubai
  • August 2009 to December 2011

Projects:
Hydra Tower
6B+G+P3+M+35 Floors
Business Bay, Dubai, UAE
AED 302, 000, 000

D1 Residential Tower
3B+G+80 Floors
Culture Village, Al Jaddaf, Dubai, UAE
AED 758, 000, 000

Education

Bachelor's degree, Civil Engineering
  • at Western Institute of Technology
  • March 2005

One of the Most Outstanding Student Gov’t Officers Speaker of the House, WIT Student Gov’t Civil Eng’g Representative, WIT Student Gov’t

Specialties & Skills

Preparation
Inclusion
Materials
Proficient in Primavera P6 , AutoCAD, Microsoft Excel & Word, PowerPoint, Adobe Professional
• Conversant in FIDIC, CESMM3 and POMI

Memberships

Philippine Institute of Certified Quantity Surveyor - UAE Chapter
  • Techinal Member
  • February 2014
Overseas Filipino Civil Engineers Association (OFCEA)
  • Civil Engineer
  • January 2015

Training and Certifications

Continuing Professional Development (Training)
Training Institute:
Philippine Institute of Quantity Surveyors
Date Attended:
November 2013
Earned Value Mng’t-Project Cost Control (Training)
Training Institute:
3 FOLD Education Centre
Date Attended:
March 2014
PRIMAVERA P6 ADVANCE (Training)
Training Institute:
OHSEC PINOY Group
Date Attended:
March 2015
VAT AWARENESS WORKSHOP (Training)
Training Institute:
FIRST ONE Accounting & Book Keeping
Date Attended:
March 2018
CONSTRUCTION, ESTIMATING & VALUATIONS (Training)
Training Institute:
CANDY Software-CCS
Date Attended:
June 2019
P3T (Comprised with RICS Guidance Notes) (Training)
Training Institute:
Philippine Institute of Quantity Surveyors
Date Attended:
March 2014