Job Description
Job Purpose
The job holder will support the section head in managing the estimation function in co-ordination with Project team and stakeholders within the assigned timescale and allocated Budget.
Key Accountabilities:
- Prepare high-level cost estimates to assist the business development team in-order to meet target deadlines by submitting estimation deliverables.
- Review Cost plan submitted by Cost Consultants in accordance with the Client brief and design information at each stage of design and identify variances in rates applied, crosscheck measured quantities, review rates against available historical cost data/benchmarking and address the same to the Cost Consultants and obtain realistic Cost Plans in line with Client Target Budget.
- Prepare "Target Budgets" in accordance with the information and/or development brief provided and meet the overall budget expectations.
- Calculate major construction cost estimates, and be involved in the planning, development, negotiation and contract execution of a project. Provide estimates for Development Design team, assisting them with construction costs for their feasibility studies.
- Organize and lead Cost review meetings for clarification and Obtain Market testing / Quotations from Vendors for supporting Cost Estimates
- Ability to utilize on-screen take-off systems and various estimating software systems including preparation of Bill Of Quantities in accordance with scope of work, drawings and specifications, pricing of BOQ in line with current market rates in order to deliver Cost Plans to projects where external Cost Consultants are not appointed.
- Coordinate work with the Development and Design team; Projects team and other support services to develop direction and guidelines for preparing accurate Cost Estimates based on the applicable information at that time.
- Interface with all Stakeholders (Client/ Consultants/ Contractors/ Subcontractors) on scope and pricing issues as a representative of the Company and to develop and hand over to Projects complete packages to build awarded projects including budget.
- Identify and propose value engineering opportunities and related savings, optimization of the scope of work etc to achieve Clients Target Budget.
- Establish cost database including development and maintenance of a “best-in-class” data base for construction pricing, financial tender returns, spot rates, contractor’s preliminaries & OH&P levels, etc. and maintain search and update all the time in accordance with the market.
- Keep abreast of market influences and trends and advise how these are likely to affect construction pricing levels and hence the risk of cost escalation that could affect Client budgets.
- Ensure compliance with policies, procedures, processes and controls of procurement at all levels. Prepare and present inputs related to organizational/ departmental/ project budgets to the next reporting line.
- Manage and control the actual cost versus budget on periodic basis and provide financial reports/data related to the department/ divisional/ project’s financial performance.
Qualifications, Experiences, Skills:
• Bachelor’s in Engineering/ Quantity Surveying; Master’s degree preferred
• RICS Membership is desirable.
Job Specific Skills:
• Project Management skills
• Strong working knowledge of construction methods, materials, and equipment
• Thorough understanding of project documents, including specifications, scopes of work, etc.
• Ability to read and interpret blueprints, drawings, and sketches
• Familiarity with computer-aided design (CAD) software
• Ability to closely collaborate with other project teams and stakeholders.
• Extensive knowledge of best industry practices and standards.
• Exceptional time management, multitasking, and interpersonal skills
