Cost Estimation Engineer

Bayut; Saudi Arabia; On-site; SAR 80,000 - 120,000; Full time

Job summary

A leading property portal in Saudi Arabia is seeking a Cost Estimation Engineer to prepare accurate cost estimates for construction projects. The role involves coordinating with various teams to ensure estimates reflect market conditions and support budgeting and financial decision-making. Responsibilities include preparing feasibility reports, validating quotes, and monitoring project costs.

Qualifications

• Experience in preparing accurate cost estimates for construction projects.
• Ability to coordinate with multiple teams including engineering and finance.

Responsibilities

• Prepare feasibility reports and detailed cost estimates for projects.
• Validate subcontractor quotations and maintain a unit rate database.
• Monitor project costs vs. estimates and investigate variances.

Skills

Cost Estimation

Market Analysis

Budgeting

Job description

Bayut is the number one property portal in the Kingdom, connecting millions of users across the country. We are committed to delivering the best online search experience. As part of Dubizzle Group, Bayut is alongside some of the strongest classifieds brands in the market. With a collective strength of 10 brands, we have more than 200 million monthly users that trust in our dedication to providing them with the best platform for their needs.

As a Cost Estimation Engineer, you will be responsible for preparing accurate cost estimates for construction and development projects, covering civil, structural, MEP, and finishing works. You will coordinate with engineering, procurement, and finance teams to ensure that estimates reflect real-time market conditions, identify cost-saving opportunities, and support project budgeting, bidding, and financial decision-making processes.

In this role you will:

• Prepare feasibility reports for proposed projects.
• Prepare detailed cost estimates based on drawings, BOQs, and specifications for all stages of the project lifecycle (concept, schematic, design development, IFC).
• Analyse drawings and documents to prepare quantity take-offs and item-wise cost breakdowns.
• Validate subcontractor and supplier quotations, analyse rates, and prepare cost comparisons.
• Maintain and update a unit rate database using historical data and market research.
• Assist in the preparation of tender documents, budget proposals, and cost reports.
• Coordinate with design, procurement, contracts, and finance teams to ensure alignment of cost estimates with technical and commercial aspects.
• Perform detailed quantity takeoffs for all construction disciplines, including civil, structural, MEP, and finishing works.
• Participate in value engineering and cost optimisation reviews.
• Monitor actual project costs vs. estimates and investigate variances.
• Provide support in contractual pricing, project cash flow forecasting, and risk assessments.
• Attend internal and external project meetings and provide input on cost matters.
• Verify contractor bills and certify Interim Payment Certificates (IPCs).
• Coordinate and report regularly to head office staff on cost-related matters.
• Carry out detailed market analysis and prepare comparative analysis on the cost of different construction models and the area-wise impact on construction.