Manager - Cost Planning

Qiddiya Investment Company; Riyadh; On-site; SAR 200,000 - 250,000; Full time

Job summary

A leading entertainment destination developer in Saudi Arabia is seeking a Cost Planning Manager to oversee construction costs and manage financial strategies. The ideal candidate has over 5 years of experience in cost planning, preferably within the GCC construction sector. Your responsibilities include proactive cost planning, managing consultants, and adhering to benchmark standards. A competitive compensation and benefits package is offered alongside the opportunity to contribute to a world-class project in Riyadh.

Benefits

Comprehensive compensation package

Qualifications

• 5+ years of relevant experience in Cost Planning, Quantity Surveying, or Estimating.
• Experience in the local GCC construction industry preferred.
• Strong understanding of NRM, CESSM, RIBA, and POMI.

Responsibilities

• Proactively manage cost planning and ensure optimal financial outcomes.
• Oversee monthly tracker for costs and assist in reviewing submitted cost plans.
• Provide internal updates and ensure representation in reviews.

Skills

Cost Planning

Analytical abilities

Budget management

Communication

Tools

CostX

Cost Planning Software

Job description

Qiddiya Investment Company is looking for an experienced and analytical individual to join our team as Manager - Cost Planning. This role plays an essential part in our mission to establish a world-class entertainment destination in Saudi Arabia.

As the Cost Planning Manager, you will be responsible for building up construction costs, devising and overseeing pre contract cost management strategies and ensuring that all financial aspects of our projects are aligned with the overall budget and strategic goals of the organization.

Primary Responsibilities

• Cost Planning:Take a proactive approach to cost planning byunderstandingcost vs. value equation, ensuringoptimalfinancial outcomes without compromising project goals
• Cost Consultant Management:Oversee the monthly tracker for scope and cost movements frompreviousphases andassistin reviewing cost planssubmittedby Cost Consultants for accuracy and design alignment. Monitor and analyze design efficiencies as the project progresses, ensuring that the 3rd party Cost Consultant adheres to the defined scope of work, guidelines, and procedures.
• Standards:Ensure strict adherence to defined policies and processes, whilemaintaininga thorough understanding of IPMS measurement guidelines. Demonstrate familiarity withQiddiya'sestablished policies, processes, and templates.
• Business Units:Provide internal updates to your Business Unit on the status of construction costs and design metrics. Ensure representation during internal reviews tofacilitateprogress and successfully pass through Stage Gates.
• Benchmarking:Understanding ofbenchmarkingto effectively integrate design metrics with cost positions, ensuring assurance throughout all phases of the project lifecycle.
• Feasibility:Awareness of feasibility requirements with regards to cost planning.

• 5+ years relevant Cost Planning Experience (Cost Planning, Quantity Surveying, Estimating)
• Local GCC ExperienceWorked in Local (GCC) Construction industry for 2 years or more (preferred)
• Expert with industry standardsegNRM, CESSM, RIBA, POMI, etc.
• Experience in working on large scale projects with Construction Value greater than:200mSAR
• Familiar with benchmarking cost and design.Experiencewith costs/benchmarking in KSA or Middle East is preferable
• Basic ability to convey information. Limited experience in adapting messages for different audiences
• Strong Understanding: Proficient in using Cost Planning Software and aware of its application,CostXis preferable.

Offering a comprehensive compensation and benefits package.