Cost Estimation and Optimization Section Head

Michael Page

Saudi Arabia
SAR 80,000-81,000 per year
Permanent
Full-time

1 month ago
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The Cost Estimate & Optimization Section Head position presents an exciting opportunity to take on a senior leadership role in the Centre of Excellence, the main driver of value creation through technical excellence. A pivotal role in driving strong cost estimation, analysis and optimization to prevent cost escalations across various different real estate projects.

Build and manage team to drive cost management and optimization for the real estate portfolio, building the right foundations, accelerating with digital processes, and enabling with AI, to drive rapid and sustained impact
Identify best practices on costing (incl. on technical guidelines, tools, templates and procedures), distil them into guidelines and share them across teams
Provide key assumptions (e.g., CapEx) and support in preparation and/or review of budgets, estimates, business and cost plans
Monitor actual spending vs. budget, analyze possible deviations and provide potential remediation actions, based on data provided by Planning and Monitoring
Review bids and proposals, also analyze potential discrepancies with guidelines and assumptions
Consolidate data from portfolio and external sources to create a construction cost database and issue quarterly Cost Benchmark Reports
Develop and maintain Tender Price Index, Building Material Cost Index, Material Prices Databases and Construction Price Index for alignment with construction market
Develop the budgeting guidelines for projects during the different phase
Create a database of cost optimization levers with estimated impacts and support projects in identifying and implementing them

Government Entity in Saudi Arabia|Various large scale projects across KSAA professional within cost with at least 15-20 years of experience, preferably with regional exposure. Past experiences in large construction-related/strategic consultant or development company is essential. Success in leveraging digital and AI in the construction cost management space. Below certifications would be a benefit in addition to proven experience of managing large and complex real estate construction projects from a cost perspective: * ICEAA's Professional Cost Estimator/ Analyst (PCEA®)

AACE's Certified Estimating Professional (CEP)
ASPE's Certified Professional Estimator (CPE)
ICEAA's Certified Cost Estimator/ Analyst (CCEA®)

Our client is a Government Entity looking after various different real estate projects across Saudi Arabia.This is an opportunity to advance within this market leader with associated and competitive salary and benefits on offer.

Michael Page