Head of Cost Planning

Role Purpose:

• Responsible for overseeing the management of all cost planning activities for property development projects, ensuring that budgets are created and adhered to in order to achieve optimal financial outcomes.
• Responsible for advising and articulating to executive management on the foreseeable cost of the assigned project(s) and translating project requirements into robust figures with ease, whilst adhering to financial constraints without compromising NEOM’s high standards.
• Responsible for overseeing the management of cost planning advice and expertise to support THE LINE Development team from the conceptual stage through design, construction, and closeout of the assigned project(s).
• Responsible for overseeing the management of all aspects of cost planning and control within property development projects; whereby, expertise and attention to detail are vital in facilitating successful and financially sound outcomes.
• Responsible for maintaining a close liaison with THE LINE Construction Commercial team, the fostering of a collaborative relationship, and maintaining communication cadence to ensure that cost control remains a priority.
• Responsible for ensuring the cost planning team work closely with the THE LINE Development team to develop accurate cost estimates for each phase of the project, maintaining communication cadence with THE LINE Construction Commercial team to ensure cost control remains a priority.
• Responsible for ensuring the cost planning team are conducting analysis of project design and construction requirements, as well as accounting for any potential risks or contingencies.
• Responsible for ensuring the cost planning team are collaborating with architects, engineers, and other professionals to obtain accurate cost information and ensure that all design concepts are aligned with project budgetary constraints.
• Responsible for ensuring the cost planning team provides a key role in setting realistic and achievable financial goals for each project.
• Responsible for ensuring the cost planning team are analyzing market trends, considering the economic feasibility of various construction methods, and making recommendations to executive management on cost-saving measures.
• Responsible for ensuring the cost planning team are playing a crucial part in the financial decision-making processes, in order that projects are financially viable and profitable.
• Responsible for ensuring the cost planning team are monitoring project costs throughout the development process, in order that any changes or deviations from the original plan are accounted for and appropriately managed.
• Responsible for ensuring the cost planning team are managing the preparation and submission of estimates and details of costs for in-house analysis.
• Responsible for ensuring the cost planning team are collaborating with other Sectors to evaluate risks, estimate timelines, and ensure projects stay within budget constraints set by THE LINE Development department.
• Responsible for ensuring the cost planning team are managing the monitoring of risk levels associated with a project.
• Responsible for ensuring the cost planning team are managing research in obtaining data on benchmarking for various regions.
• Responsible for ensuring the cost planning team are managing the monitoring of costs at the different stages of a project to ensure it stays within the budget.
• Responsible for overseeing the management of any participation in the technical and commercial evaluation of tenders to select the best overall offer for NEOM.
• Required to focus on development cost planning rather than more traditional construction cost planning.

Knowledge, Skills, and Experience:

Essential:

• Degree in Surveying, Engineering, building related, or closely related.
• 15 – 20 years of relevant full-time work experience.
• Strong knowledge of the construction process, including construction estimating, design parameters and applicable codes and regulations, as applied to engineering/building projects.
• The ability to work under pressure to meet set goals, budgets, and deadlines and to work to individual objectives, in addition to being a strong team player.
• Strong analytical, lateral, and critical thinking skills with an attention to detail.
• Skilled in creating educated guesses rather than reacting to whatever comes through from stakeholders.
• Willing and able to be a "doer" and "influencer".
• Excellent time management organization and focus on ability to prioritize and multi-task, with the ability to focus on detail.
• Excellent communication skills with the ability to draft and edit a variety of written reports and communications and to articulate ideas clearly and concisely.
• Strong character traits to be able to convey opinions to development management team and other stakeholders.
• Proficiency in MS Office applications and estimating software.

• Preferably Chartered (RICS, CICES, CIOB).
• Experience of working in a fast-paced development team is advantageous.