Cost Estimation Engineer

Segula Technologies; Riyadh; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Cost Estimation Engineer to join their dynamic team. This role involves preparing and optimizing cost estimates for high voltage electrical infrastructure projects, ensuring accuracy and efficiency. The ideal candidate will have a strong background in electrical engineering and extensive experience in cost estimation for power transmission and distribution. This is a fantastic opportunity to contribute to significant projects while working alongside talented professionals in a collaborative environment. If you are passionate about engineering and cost management, this role is perfect for you.

Qualifications

• 10+ years of experience in cost estimation for high voltage projects.
• Strong knowledge of IEC/IEEE standards and FIDIC contracts.

Responsibilities

• Prepare detailed cost estimates for high voltage electrical projects.
• Analyze design documents and collaborate with teams for accurate estimates.

Skills

Cost Estimation

Project Management

Risk Analysis

Financial Modeling

Value Engineering

Education

Bachelor's Degree in Electrical Engineering

Bachelor's Degree in Construction Management

Bachelor's Degree in Quantity Surveying

Tools

Candy

CostX

Excel-based models

Job description

Bachelor of Technology/Engineering(Electrical)

Nationality

Any Nationality

Vacancy

1 Vacancy

Job Description

Job Description

The Cost Estimation Engineer will be responsible for preparing, validating, and optimizing detailed cost estimates for high voltage electrical infrastructure projects, including substations, transmission lines, and associated systems. The role requires a deep understanding of engineering design, procurement practices, labor, and materials cost trends specific to the high voltage electrical sector.

Key Responsibilities:

• Develop comprehensive capital cost estimates (CAPEX) for EPC contracts related to substations (66kV and above), transmission lines, and grid interconnection works.

• Analyze design documents, drawings, BOQs, and technical specifications to ensure accuracy in cost estimation.

• Work closely with design, procurement, and construction teams to collect input data for estimate preparation.

• Benchmark costs against historical data, vendor quotes, and international standards.

• Identify cost drivers and risks in project proposals and recommend mitigation strategies.

• Support the preparation of financial models and feasibility studies by providing accurate cost inputs.

• Participate in value engineering exercises to optimize cost without compromising technical integrity.

• Provide cost reports and updates for internal and client use.

• Support tendering and contract negotiation phases with validated cost data.

Qualifications

• Bachelor s degree in Electrical Engineering, Construction Management, Quantity Surveying, or a related field.

• Minimum 10 years of experience in cost estimation for high voltage power transmission and distribution projects (preferably with international exposure).

• Strong knowledge of IEC/IEEE standards, FIDIC and EPC contract structures.

• Proficient in cost estimation software (e.g., Candy, CostX, Excel-based models).

• Experience with renewable energy and battery storage integration is a plus.

• Fluent in English

Disclaimer: Naukrigulf.com is only a platform to bring jobseekers & employers together. Applicants are advised to research the bonafides of the prospective employer independently. We do NOT endorse any requests for money payments and strictly advice against sharing personal or bank related information. We also recommend you visit Security Advice for more information. If you suspect any fraud or malpractice, email us at [e-mail]

People Looking for Cost Estimation Engineer Jobs also searched