RENA MURADOVA
Baku
Summary
A highly experienced Cost Engineer with 20 years of expertise in managing budgets, controlling project costs, and overseeing financial performance in large-scale Oil & Gas, construction, engineering, and infrastructure projects. Adept at developing, analyzing, and presenting Cost/Phasing Reports, VOWD Reports, and Monthly Billing/Valuation Reports. Skilled in ensuring financial alignment with project milestones and client expectations, while maintaining strict compliance with contract terms. Experienced in tracking key financial metrics such as Committed Value to Date (CVT), Approved Budget Value Remaining, and Estimate at Completion (EAC) to ensure project costs remain within budget and deliver on financial forecasts.
Overview
21
21
years of professional experience
Work History
Lead Cost Engineer
PDMS Group
11.2023 - Current
- Company Overview: Client: BP
- Prepared Monthly Billing Reports (Valuation Reports) by calculating labor, material, and equipment costs based on signed timesheets and contract rates
- Prepared Monthly Cost/Phasing Reports to track project expenditures and forecast future costs across all project phases, ensuring alignment with budget and timelines
- Produced and submitted VOWD (Value of Work Done) Reports to clients monthly, documenting completed work and supporting billing calculations
- Monitored and controlled cost commitments and expenditures throughout all phases of the Flowline project lifecycle, ensuring alignment with budget and contract terms, including cost-to-complete forecasts
- Checked and approved all invoices submitted to the client, ensuring accuracy and compliance with agreed-upon costs for manpower, third-party services, equipment rental, and other project-related expenditures
- Reviewed and approved CTRs and Contract Variance Orders (CVOs)
- Monitored ongoing and completed projects, Prepared and submitted closeout reports for completed projects, ensuring final financial reconciliation and client approval
- Checked and approved third-party invoices for subcontractors, suppliers, and service providers, ensuring that all charges were in line with project contracts, Purchase Orders, and CTRs
- Verified POs received from clients against CTR/CVO amounts and approved them in Ariba
- Client: BP
Lead Cost Control / Proposal & Subcontracts Engineer
AZFEN J.V
05.2019 - 10.2023
- Company Overview: Client: BP, WOOD, PD&MS
- Preparation Monthly Billing Reports (Valuation Reports- Calculation offshore and onshore man hours cost for worker’s labor’s for submit Invoice to the Client)
- Preparation Monthly Project Cost Reports (Budgeting, tracking, controlling, forecasting, and reporting cost for the related Project)
- Preparation VOWD submit to the Client
- Preparation of Monthly Payment Certificates of Subcontractors
- Preparation Contracts for Subcontractors
- Accepting, reviewing and evaluating subcontractor invoices and submitting them to Account departments
- Preparation proposal for tenders (calculation man hours cost with Contract unit rates and equipment cost)
- Preparation of VORs for additional man hours or material costs incurred and sent to the Client for approval
- PO Register received by Client/ Tracking completed POs
- All Project services invoices enter SAP
- Client: BP, WOOD, PD&MS
Senior Cost Engineer & Subcontractor IPC Engineer
Azfen-Tekfen
Sangachal Terminal
05.2015 - 04.2019
- Company Overview: Client: BP
- Preparation of Monthly Payment Certificates of Subcontractors
- Check of timesheets, performed works, invoices, act of performed works submitted by Subcontractors
- Getting signatures of PM to all documents related to payments
- Preparation VOWD submit to the Consultant / Client
- Preparation contract documents (Contract, Annex’s, Amendments), including bills of quantities
- Preparation Reports (daily/ weekly/ monthly) and submit same to the Consultant / Client for Approval
- Entering all invoices to SAP
- Responsible for controlling and monitoring project total expenditure including verifying and checking invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded
- Entering Payment Certificate Invoices to Oracle systems
- Client: BP
Projects Control Engineer
TEKFEN-CONSTRUCTION AND INSTALLATION
08.2010 - 05.2015
- Company Overview: Client: SOCAR
- Prepared weekly/monthly cost reports and 2-week look-ahead schedules to align project expenditures with expected milestones
- Collaborated with project teams to analyze cost performance, identify trends, and make recommendations for cost savings or performance improvements
- Cost Performance Monthly Report
- Client: SOCAR
Senior Cost Control & Planning Engineer
DIA Holding
02.2008 - 07.2010
- Company Overview: Construction Company (Heydar Aliyev Cultural Centre Project)
- Preparation Reports (daily/ weekly/ monthly)
- Preparation for 2-Week Look-Ahead Schedules
- Cost Performance Monthly Report
- Preparation Subcontractors Payment Certificate`s
- Construction Company (Heydar Aliyev Cultural Centre Project)
Cost Specialist
Azfen-Tekfen
Sangachal Terminal
10.2003 - 02.2008
- Company Overview: Client: BP
- Recording site daily reports- Data Entry (MS Access)
- Preparation of daily, weekly and monthly reports
- Entered new personnel to PTR system
- Issue daily reports to Company
- Issue personnel hours to personnel dept
- Issue internal daily personnel reports
- Control of Personnel Time Recording Database
- Preparation of Payment Certificates (submit to Client (BP))
- Client: BP
Education
Master’s degree (with Honors) - Automation of Production and Management Systems
Azerbaijan State Oil Academy (ASOA)
Azerbaijan01.2003
Bachelor’s degree - Automation of Production and Management Systems
Azerbaijan State Oil Academy (ASOA)
Azerbaijan01.2001
Skills
- Cost Estimation & Budgeting
- Cost Control & Monitoring
- Forecasting & Financial Reporting
- Contract & Procurement Management
- Data Analysis & Reporting
Languages
- English
- Russian
- Azerbaijani
Additionalinformation - Availableuponrequest
- Diplomas (Bachelor & Master’s Degrees)
- References
- Driving License
Timeline
Lead Cost Engineer
PDMS Group
11.2023 - Current
Lead Cost Control / Proposal & Subcontracts Engineer
AZFEN J.V
05.2019 - 10.2023
Senior Cost Engineer & Subcontractor IPC Engineer
Azfen-Tekfen
05.2015 - 04.2019
Projects Control Engineer
TEKFEN-CONSTRUCTION AND INSTALLATION
08.2010 - 05.2015
Senior Cost Control & Planning Engineer
DIA Holding
02.2008 - 07.2010
Cost Specialist
Azfen-Tekfen
10.2003 - 02.2008
Master’s degree (with Honors) - Automation of Production and Management Systems
Azerbaijan State Oil Academy (ASOA)
Bachelor’s degree - Automation of Production and Management Systems
Azerbaijan State Oil Academy (ASOA)
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