Job Description
Job Purpose
The job holder will be responsible to provide support to the estimation function by coordinating with Project team and stakeholders within the assigned timescale and allocated Budget.
Key Accountabilities:
- Assist in the preparation of high-level cost estimates in-order to meet target deadlines by submitting estimation deliverables.
- Assist in reviewing 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.
- Support in preparation of "Target Budgets" in accordance with the information and/or development brief provided and meet the overall budget expectations.
- Calculate major construction cost estimates, and support 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 support in Cost review meetings for clarification and Obtain Market testing / Quotations from Vendors for supporting Cost Estimates
- Responsible for utilizing on-screen take-off systems and various estimating software to prepare Bills of Quantities (BOQ) in accordance with the scope of work, drawings, and specifications, ensuring pricing aligns with current market rates to deliver cost plans for projects without external cost consultants. Co-ordinate work with 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/ Sub contractors) 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.
- Propose value engineering opportunities and related savings, optimization of the scope of work etc to achieve Clients Target Budget.
- Support with the establishment of 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.
- Track actual costs versus budget on a periodic basis, providing financial reports and data on the department's, division's, and project's financial performance.
Qualifications, Experiences, Skills:
- Bachelor’s degree in Engineering/ Quantity Surveying; Master’s degree preferred
- RICS (Royal Institution of Chartered Surveyors) / APC (Assessment of Professional Competence) candidate status or membership - preferred
- Familiarity with industry regulations, building codes, and health and safety standards to ensure all estimates comply with legal requirements.
Job Specific Skills:
- Proficiency in using estimation software, MS Excel, and other relevant tools for cost analysis, data management, and reporting.
- 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.
- Attention to detail
- Exceptional time management, multitasking, and interpersonal skills
