Quantity Surveyor
Role Overview
Manage and control the commercial and financial aspects of contracts by independently verifying payments, monitoring contract costs, assessing variations and claims, and supporting accurate financial forecasting and contract close-out.
Ensure effective cost control, contractual compliance, and sound commercial decision-making throughout the contract lifecycle.
Key Skills for This Role
Full Job Posting
Job Purpose
Manage and control the commercial and financial aspects of contracts by independently verifying payments, monitoring contract costs, assessing variations and claims, and supporting accurate financial forecasting and contract close-out.
Ensure effective cost control, contractual compliance, and sound commercial decision-making throughout the contract lifecycle.
Key Accountabilities
- Review and independently verify contractor, supplier, and service provider payment applications against completed works, delivered services, resource utilization, milestones, and contractual requirements.
- Monitor contract expenditure, approved budgets, financial commitments, retention, and forecast final costs, identifying potential overruns and cost optimization opportunities.
- Assess and value variations, change orders, additional works, scope changes, and price adjustments using contractual rates, cost breakdowns, and relevant market benchmarks.
- Quantify and assess contractual claims, delay penalties, SLA deductions, rectification costs, and other financial adjustments to support commercial negotiations and contractual remedies.
- Maintain contract financial registers, reconcile contract values against purchase orders and payments, and prepare periodic cost reports, forecasts, and commercial dashboards.
- Prepare and reconcile final accounts, verify outstanding payments and deductions, assess retention releases, and support final settlement negotiations and contract close-out.
- Support procurement during the pre-award stage by preparing and reviewing Bills of Quantities, pricing schedules, payment mechanisms, cost estimates, and commercial evaluations of tender submissions.
Minimum Qualifications & Experience
- Bachelor's degree in Quantity Surveying, Engineering, or a related discipline.
- Minimum 4 years of experience in a similar position.
About the Employer
A leading semi-government entity in Saudi Arabia headquartered in Riyadh, supporting economic development initiatives across key sectors.
Committed to sustainability, innovation, and industry excellence.
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