Manager - Cost Planning (SPA4-50012856)

Qiddiya Investment Company; Riyadh; On-site; SAR 600,000 - 1,000,000; Full time

Job summary

Qiddiya Investment Company is seeking an experienced Senior Manager - Cost Planning to lead construction cost development, cost strategy, and budget alignment for large-scale projects in Saudi Arabia.

The role emphasizes proactive cost planning, review of third-party cost consultants, adherence to IPMS guidelines, and reporting to business units across stage gates. Strong benchmarking and feasibility awareness are essential.

Qualifications

• 5-7 years relevant Cost Planning Experience (Cost Planning, Quantity Surveying, Estimating).
• Local GCC Experience Worked in Local (GCC) Construction industry for 2 years or more (preferred).
• Expert with industry standards eg NRM, CESSM, RIBA, POMI, etc.

Responsibilities

• Cost Planning: Take a proactive approach to cost planning by understanding cost vs. value equation, ensuring optimal financial outcomes without compromising project goals.
• Cost Consultant Management: Oversee the monthly tracker for scope and cost movements from previous phases and assist in reviewing cost plans submitted by Cost Consultants for accuracy and design alignment.
• Standards: Ensure strict adherence to defined policies and processes, while maintaining a thorough understanding of IPMS measurement guidelines.
• Business Units: Provide internal updates to your Business Unit on the status of construction costs and design metrics. Ensure representation during internal reviews to facilitate progress and pass Stage Gates.
• Benchmarking: Understanding of benchmarking to effectively integrate design metrics with cost positions, ensuring assurance throughout all project phases.
• Feasibility: Awareness of feasibility requirements with regards to cost planning.

Tools

CostX

Job description

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

• 5-7 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.