Loay Elkolaly

• Deliver Cost Consultancy Services to Client in areas of budget development, cost planning, estimation, value management, and valuation to achieve best value of Client's money.
• Prepare projects' budgetary cost estimates adhering to budget requirements with consistent expense monitoring.
• Evaluate and approve monthly payment certificates of progressed works.
• Review and advise on commercial issues relating to subcontractors' bids, additional works and prelims.
• Present various commercial and projects management reports.

• Acted as Owners / Top Management Representative by exerting positive coordination with operations/support departments to improve performance.
• Developed and implemented appropriate project controls policies, procedures, standards, and systems processes to support projects and provide clear feedback to top management on projects performance.
• Developed and managed company’s detailed Annual Budget in line with Business Objectives and Financial Plan.
• Developed, led and managed Five Year Financial Plan aligned with defined Board’s objectives and short / medium / long term Corporate Strategic Business Plan.

• Collaborated with Construction Manager, PMO and Contractors to complete projects within timeline limitations and budget constraints.
• Generated cost and value reports and delivered accurate information on cash flow.
• Performed measurements for structural and architectural works to prepare projects' cost estimates.
• Advised Client on procurement strategy relating to sub-concentrators and suppliers.
• Estimated and analyzed work performed and advised Client on payments.

- Corporate Level:

• Supported Line Manager to control (52 projects and 2 service units), followed up projects' expenditure, progress, and requirements.
• Prepared cost control reports (e.g., Project Execution Plan “PEP”, Project Forecast Review “PFR” using Earned Value Technique, Monthly Cost Status Report “MCSR”), analyzed deviations, used problem-solving techniques to detect root causes problems and recommend corrective and preventive actions.
• Prepared projects' time schedule during tendering stage using Primavera P6.
• Coordinated with Business Development Department to issue Potential Market Analysis (PMA) and Financial Firm Plan based on actual results and forecasts.

- Projects Level:

• Controlled project's total expenditures using Project Management System (Oracle) including verifying expenditures, invoices and claims from suppliers, vendors, and subcontractors to ensure that all project expenditures are captured and properly recorded.
• Prepared monthly movement reports for monitoring project activities on daily basis.
• Performed commercial review for subcontractor's quotations, approved agreements and followed up subcontractors' progress.

• Managed subcontractors, supervised works on-site and handed over completed work.
• Reviewed IFC drawings with technical office team to issue shop drawings and execute work accordingly.
• Recorded daily events and activities in site diary to evaluate processes, improve productivity, and ensure safety and environmental compliance.
• Planned and prioritized workloads to meet changing deadlines.
• Measured quantities and prepared monthly invoices and progress report to Client.