Cost Engineer

Roles and responsibilities

JASARA PMC is excited to announce an opening for a Cost Engineer / Estimator to support our innovative projects in Saudi Arabia. In this role, you will be instrumental in the planning, managing, and controlling project costs while ensuring high standards of quality and safety. Your expertise will contribute to the successful of our programs under Vision 2030, driving performance excellence across the organization.

You will work closely with project management teams to develop and oversee project budgets, conduct cost analysis, and provide insights regarding project progress and financial status to stakeholders. This position allows you to be at the forefront of our commitment to delivering efficient and cost-effective solutions in some of the most exciting projects within the Kingdom.

Key Responsibilities

• Prepare detailed cost estimates for all project phases, including conceptual, schematic design, detailed design, and construction
• Analyze project requirements and specifications to assess costs and project deliverables
• Conduct cost forecasting and prepare monthly reports on project costs, variances, and trends
• Collaborate with interdisciplinary teams to identify cost-reduction opportunities and improve efficiency without compromising quality
• Maintain relationships with vendors and contractors to support competitive bidding processes
• Ensure compliance with company policies, practices, and local regulations

Desired candidate profile

Bachelor's degree in Engineering, Quantity Surveying, or a related discipline
Minimum of 7 years of experience in cost estimation or cost engineering within the construction industry
Proficient in cost estimation software and tools
Deep understanding of construction processes, methodologies, and materials
Excellent analytical skills with attention to detail
Strong verbal and written communication skills with the ability to present complex data effectively
Fluency in English; knowledge of Arabic is an advantage
Cost Estimating and Budgeting
Initial Cost Estimates: Prepare detailed cost estimates for new projects, based on designs, blueprints, and specifications. These estimates may include material costs, labor costs, equipment costs, and overheads.
Budget Preparation: Develop and maintain the project’s budget, allocating funds to different areas (e.g., materials, labor, equipment, contingency) based on project scope and objectives.
Reviewing Bid Proposals: Analyze bid proposals from contractors, suppliers, and subcontractors, and compare their estimates against the project budget to ensure competitiveness and accuracy.
Cost Forecasting: Project future costs based on the progression of the project, identifying potential budget overruns or savings early in the project lifecycle.
. Cost Control and Monitoring
Cost Tracking: Monitor the actual costs incurred during the project and compare them against the budget and forecasts to identify discrepancies.
Cost Variance Analysis: Analyze any variances between planned costs and actual costs. Identify the reasons for the variance (e.g., design changes, delays, market price fluctuations) and propose corrective actions.
Change Management: Track and manage any changes to the project scope or design that could impact the budget, and assess the cost implications of these changes.
Reporting: Provide regular reports on project cost status to senior management, project managers, and stakeholders, including information on cost overruns, savings, and financial risks.