Lead Quantity Surveyor

Power International Holding (PIH); Saudi Arabia; On-site; SAR 300,000 - 540,000; Full time

Job summary

Power International Holding (PIH) seeks a Lead Quantity Surveyor in Commercial Management to oversee cost estimation, budgeting, and financial control for Saudi construction projects. You will forecast costs, monitor variances, and report financial performance to stakeholders.

The role requires coordination with project managers, engineers, and clients to ensure compliance with contracts and financial objectives. GCC experience is a plus, and SAP knowledge is preferred.

Qualifications

• Experience in cost estimation, budgeting, and financial control for construction projects.
• Strong knowledge of contract law, administration, and negotiation in construction.
• Excellent analytical abilities to assess financial risks and generate accurate reports.
• Familiarity with construction management software and tools for cost estimation and tracking.

Responsibilities

• Prepare detailed cost estimates for construction projects, ensuring accuracy and comprehensiveness.
• Develop and manage project budgets, tracking expenditures and ensuring adherence to financial constraints.
• Draft, review, and manage contracts with clients, subcontractors, and suppliers, ensuring compliance with legal and project requirements.
• Identify and mitigate financial risks associated with projects through analysis and planning.
• Oversee the procurement process, including selection of contractors and suppliers, and negotiate favorable terms.
• Implement effective cost control measures and monitor project expenses to prevent overruns.
• Generate regular financial reports for stakeholders, highlighting budget status, variances, and forecasts.
• Assess and manage the financial impact of project changes and variations with proper approvals.
• Collaborate with project managers, engineers, and clients to align on financial and contractual matters.
• Ensure financial practices adhere to industry standards, policies, and IMS regulations.
• Support HSE initiatives and participate in safety activities in alignment with company policies.

Skills

Cost estimation

Budgeting

Financial control

Contract law

Administration

Negotiation

Construction management

SAP

Communication

Interpersonal skills

Risk analysis

Education

Bachelor's Degree in Engineering or related field

Tools

SAP

Job description

The Lead Quantity Surveyor in Commercial Management is responsible to and manage all aspects of cost estimation, budgeting, and financial control for construction projects. This role ensures project costs are accurately forecasted, controlled, and reported, while maximizing value and minimizing costs. The Lead Quantity Surveyor also coordinates with stakeholders to ensure financial objectives and contractual obligations are met.

Job Responsibilities 1

Prepare detailed cost estimates for construction projects, ensuring accuracy and comprehensiveness.

Develop and manage project budgets, tracking expenditures, and ensuring adherence to financial constraints.

Draft, review, and manage contracts with clients, subcontractors, and suppliers, ensuring compliance with legal and project requirements.

Identify and mitigate financial risks associated with projects through thorough analysis and strategic planning.

Oversee the procurement process, including the selection of contractors and suppliers, and negotiate favorable terms and conditions.

Implement effective cost control measures and monitor project expenses to prevent cost overruns.

Generate regular financial reports for stakeholders, highlighting budget status, variances, and forecasts.

Assess and manage the financial impact of project changes and variations, ensuring proper documentation and approvals.

Collaborate with project managers, engineers, and clients to ensure alignment on financial and contractual matters.

Ensure that all financial practices adhere to industry standards, company policies, and regulatory requirements.

Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies

Job Responsibilities 2

Additional Responsibilities 3

Job Knowledge & Skills

Proficiency in cost estimation, budgeting, and financial control techniques for construction projects.

In-depth knowledge of contract law, administration, and negotiation within the construction industry.

Strong analytical abilities to assess financial risks, manage costs, and generate accurate financial reports.

Familiarity with construction management software and tools for cost estimation and financial tracking.

Excellent communication and interpersonal skills to effectively coordinate with stakeholders and ensure project financial objectives are met.

ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plus.

Agility

AI Fluency

Contract Administration L3_323745068

Leadership_321977503

Payments - Subcontracts and Main Contracts L3

Quality_321977507

Resilience

Subcontract Agreement L3

Subcontracting L3

Variations and claims L3

Education

Bachelor's Degree in Engineering or any related field