Cost Estimation
Job Fit Check
Base Career helps you apply smarter for this job.
Key skills for this role
About the Role
The company seeks a Cost Estimation professional to lead cost data collection, prepare project cost estimates, and develop economic models. The role requires 8+ years of experience and involves monitoring market prices, evaluating cost implications, and contributing to tendering processes.
Key Skills for This Role
Responsibilities
- Lead the collection of cost data and preparation of project cost estimates and breakdowns.
- Develop economic models for evaluating cost estimates to optimize budget allocation.
- Monitor market prices for labor, equipment, materials, and other cost factors.
- Evaluate cost implications of required project software and IT applications.
- Contribute to tendering and bidding processes by ensuring cost estimates align with tender requirements.
Requirements
- 8+ years of experience in cost estimation or related field
- Bachelor's degree in a relevant field (implied by industry)
Full Job Posting
Job Accountabilities
- Lead the collection of cost data and preparation of project cost estimates and breakdowns, ensuring accuracy and alignment with project scope to support effective budgeting and decision making.
- Develop economic models for evaluating cost estimates to provide a detailed analysis of financial impacts and optimize budget allocation, ensuring cost effectiveness and alignment with overall project objectives.
- Monitor market prices for labor, equipment, materials, and other cost factors to ensure up to date and accurate cost estimates, facilitating informed budgeting and cost control.
- Evaluate the cost implications of required project software and IT applications to support effective budgeting and align technology expenses with project objectives.
- Contribute to tendering and bidding processes by ensuring cost estimates align with tender requirements to deliver accurate bids that enhance contract success and profitability.
- Lead the analysis of recent bids to update pricing data and maintain a comprehensive database, contributing to precise cost estimates and competitive bids that enhance contract success and profitability.
- Ensure that all cost estimates comply with local regulations, standards, and industry practices, facilitating legally sound and credible estimates that support successful project execution.
- Coordinate with the Feasibility Study and Scoping teams to ensure that cost estimations are aligned with the project scope and feasibility assessments.
- Monitor and evaluate lessons learned from cost estimation processes to enhance future methodologies and improve accuracy, ensuring continuous improvement and more reliable budgeting for future projects.
- Collaborate with project managers, engineers, and procurement teams to gather information and ensure cost estimates align with project goals and limitations, enhancing estimates to achieve accurate outcomes and support project success.
Skills
- Required Qualification and Experience: (not provided in description)
Apply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at Palace Consulting Engineers
HSE Engineer
Riyadh, KSA
Join a dynamic team as an HSE Engineer responsible for implementing health and safety programs, conducting inspections, and promoting a culture of safety. Requires 3+ years of experience and strong knowledge of regulatio
Engineering Studies
Riyadh, KSA
Palace Consulting Engineers seeks an experienced Engineering Studies Lead to oversee pre-project technical studies, feasibility assessments, and environmental impact evaluations. The role requires a Bachelor's in Enginee