Value Engineer
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10years
SAR SAR 15000 - 15000
1 Vacancy
Job Description
Key Responsibilities:
Prepare accurate cost estimates during the projects feasibility and design stages to clarify financial needs.
Develop project budgets based on scope resources and market conditions.
Work with project managers to finalize budgets and ensure alignment with project goals.
Monitor project spending to keep it within the approved budget.
Analyze cost variances and take corrective actions when needed.
Suggest costsaving strategies to improve efficiency and reduce waste.
Provide regular cost reports and forecasts to track financial progress.
Generate cash flow projections and forecasts for each project phase.
Present financial updates to the Planning & Cost Manager and senior management for decisionmaking.
Help prepare tender documents and evaluate contractor bids for accurate cost assessments.
Analyze the cost impact of procurement decisions for materials equipment and services.
Support contract negotiations with accurate cost data and recommendations.
Identify cost risks and propose strategies to minimize financial impact.
Evaluate financial impacts of project changes through "whatif" scenarios.
Monitor contingency allowances and suggest adjustments to protect the budget.
Work with project teams procurement staff and vendors to align costs with project goals.
Collaborate with the Planning Engineer to integrate cost data into schedules for better planning.
Keep all stakeholders informed about cost implications to ensure transparent communication.
Continuously improve cost management processes tools and practices for better efficiency.
Stay updated on industry trends cost estimation techniques and market pricing to apply best practices.
Requirements
35 years in cost engineering or cost control preferably in construction or real estate.
Cost engineering certification (e.g. CCP by AACE) is a plus.
Proficiency in cost management tools (e.g. CostX Primavera) advanced Excel skills and strong understanding of budgeting and financial analysis.
Strong analytical problemsolving and organizational skills.
Attention to detail effective communication and negotiation abilities.
Proactive resultsdriven with the ability to work under pressure.
Benefits
Bachelor s degree in Civil Engineering, Construction Management, Quantity Surveying, or related field. - 3-5 years in cost engineering or cost control, preferably in construction or real estate. - Cost engineering certification (e.g., CCP by AACE) is a plus. - Proficiency in cost management tools (e.g., CostX, Primavera), advanced Excel skills, and strong understanding of budgeting and financial analysis. - Strong analytical, problem-solving, and organizational skills. - Attention to detail, effective communication, and negotiation abilities. - Proactive, results-driven with the ability to work under pressure.
Employment Type
Full Time
