Quantity Surveyor (Real Estate)

Overview

Cost Planning and Estimation

• Prepare, manage, and validate project cost plans, budgets, and feasibility estimates at various stages of design and development, all against with the project brief.
• Conduct cost benchmarking and market analysis to ensure competitive and realistic pricing and challenge the Consultant’s cost reports if required with independent cost estimations.
• Review design proposals and provide cost advice to support value engineering and cost optimisation.
• Identify cost risks and opportunities and recommend mitigation strategies.
• Ensure alignment between design development and approved project budgets.
• Prepare cash flow forecasts aligned with funding requirements.
• Procurement and Tendering
• Assist in developing procurement strategies and packaging of works.
• Prepare and/ or review tender documentation, including bills of quantities, specifications, contract conditions that will include the Employer’s Requirements.
• Evaluate tender submissions, conduct commercial analysis, and prepare tender evaluation reports.
• Provide recommendations on contractor and supplier selection based on commercial and technical considerations.
• Participate in tender clarifications and negotiations to achieve best value outcomes.

Contract Administration

• Administer contracts in accordance with agreed terms and conditions. This will mean acting as the Developer’s commercial ‘guardian’ throughout the construction.
• Review and certify (or recommend certification of) interim payment applications submitted by contractors and consultants.
• Assess variations, change orders, and claims, ensuring proper justification and alignment with contract provisions.
• Monitor contractual compliance, obligations, and entitlements of all parties.
• Support dispute resolution processes, including preparation of relevant documentation and analysis.
• Monitor cost-to-complete and advise on corrective actions.
• Maintain strict control of:
• Approved budgets
• Forecast final costs (FCC)
• Contingencies and risk Allowances

Cost Control, Claims, and Financial Management

• Monitor project costs against approved budgets and provide regular financial reports.
• Evaluate variations for:
• Contractual entitlement
• Cost impact
• Budget availability
• Track commitments, expenditures, and forecast final project costs.
• Identify deviations from budget and advise on corrective actions.
• Maintain accurate cost records, reports, and financial documentation.
• Work closely with project controls and planning teams to link time and cost impacts.
• Ensure all commercial activities are conducted in line with company policies and financial controls.
• Provide clear cost advice to and report to:
• Development Directors
• Senior Management
• Finance teams

Construction Support and Site Coordination

• Attend site meetings and coordinate with project teams to monitor commercial progress.
• Assess contractor claims for:
• Prolongation costs
• Disruption
• Loss and expenses
• Review contractor progress in relation to cost and valuation.
• Provide commercial input on construction methodologies and sequencing where required.
• Collaborate with project managers, engineers, and consultants to resolve commercial issues.
• Handover and Close-Out
• Manage the preparation and agreement of final accounts with contractors and consultants.
• Ensure all financial matters are finalised and documented prior to project close-out.
• Support the preparation of project cost reports and lessons learned for future developments.
• Ensure proper archiving of all commercial documentation in line with company policies.

Experience

• Minimum 7-10 years of experience, including Developer, PMC, or Consultant’s roles in the UAE.
• As a developer’s representative, have a strong independent and assertive mindset.
• Solid understanding of FIDIC-based contracts.
• Strong knowledge of construction management and cost control.
• Strong understanding of local; construction market, contractors, and pricing norms.
• Strong knowledge of cost management principles, procurement processes, and contract administration.
• Demonstrated experience in cost planning, procurement, and contract administration for real estate projects.
• Proven track record in managing project budgets and delivering cost-effective outcomes.
• Experience working on residential, commercial, or mixed-use developments.
• Familiarity with standard forms of contract and UAE construction practices.

Education

• Bachelor’s degree in Quantity Surveying, Commercial Management, Construction Management, or a related discipline.
• Professional membership (RICS or equivalent) is preferred.

Skills

• Proficiency in preparing bills of quantities, cost plans, and financial reports.
• Excellent numerical, analytical, and problem-solving skills.
• Strong attention to detail and accuracy in financial management.
• Effective communication and negotiation skills.
• Ability to manage multiple stakeholders and work collaboratively within project teams.
• Proficient in Microsoft Office and cost management software.
• Commercially aware, proactive, and results driven.