Cost Estimation Manager

Role Purpose

• Leads and manages cost estimation teams in NEOM’s corporate Cost Estimation division;

• Ensures accurate, effective and timely Capital and Operational cost estimates for all projected works at NEOM;

• Coordinates and controls the management of cost estimation activity across NEOM;

• Development and stewardship of a corporate cost database, benchmarking and related information;

• Development of datasets and systems for efficient generation of cost estimates, and;

• Develops and maintains estimating procedures and ensures their compatibility with the estimating database and contracting strategy.

KEY ACCOUNTABILITIES & ACTIVITIES

• Establishes Cost Estimation department within NEOM Engineering & Technical Services organization;

• Leads, manages and evaluates the performance of Cost Estimation department, team members and coordinates all their work;

• Plans and schedules Cost Estimation and related activities;

• Develops, executes and manages Estimation methods, processes, procedures and estimation requests;

• Oversees cost benchmarking exercises, development and maintenance of a database of all consultants, vendors, contractors and sub-contractors’ rates (with contracts, quotations and bids).

• Reviews and endorses Company estimates for any high value contract or change order;

• Generates, Supervises and/or Endorses Utilities and Infrastructure cost estimates (from 40% to 10%+/- estimate);

• Reviews and manages material take offs from design drawings as part of the cost estimation process;

• Reviews and advises on project cost schedules to see they are in-line with Company agreed benchmarks;

• Assures value for money on all NEOM services, Works and materials procurement;

• Proposes and sets up Cost Estimation objectives and KPIs.

• Performs any other duties related to Cost Estimation and forecasting.

BACKGROUND, SKILLS & QUALIFICATIONS

Knowledge, Skills and Experience

Experience

• 10+ years’ proven experience in Cost Estimation or a related area on a large and complex project;

• 5+ years in management position in a large and established company, and;

• Experience in KSA/GCC region (highly recommended)

Knowledge

• Knowledge of Project and construction market in terms of contractors, suppliers and cost management;

• Strong Knowledge/experience in estimation and quantity surveying;

• Strong knowledge of various type of estimates and methods;

• Strong knowledge of accounting and budgeting principles and requirements;

• Comprehensive knowledge of international cost management standards e.g. CSI Master Format, BCIS, GIFA;

• Knowledge of ASTM E2516-11 Standard Classification for Cost Estimate Classification System, AACE International Recommended Practice;

• Knowledge of Cost Estimation, Cost Management, Project and Document Management Software such as Aconex, OpenText, Newforma etc.

• Knowledge of Planning and scheduling software, like Primavera, and;

• Knowledge of BIM software and link to material take-off, ability to implement cost data into the 4D/5D BIM model.

Skills

• Strong communication, leadership, planning and organizational skills;

• Excellent analytical skills with ability to analyze large and complex data and worksheets, and;

• Proficiency in English (required)

Qualifications

• Bachelor's Degree in Quantity Surveying, Engineering, Project/Construction Management or related fields;

• Master’s Degree in Business Administration, Engineering, Quantity Surveying, Economics or related field (preferred), and;

• Chartered Quantity Surveyor / Membership in professional associations e.g. AACE, RICS or similar (advantage).