Senior Cost Engineer

About This Role

Overview:

KEO is a creative enterprise, where innovation is a way of life. We are uniquely resourced with end-to-end services to take clients from inspiration – through conceptualization – to realization of planning, design or project delivery in the built and natural environments. For over 57 years we’ve led with vision, contributing to many of the world’s most ambitious projects, iconic places, remarkable experiences and prosperous communities.

As a highly integrated and agile AEP/PMCM firm, KEO is ranked by ENR in the Top 225 International Design Firms; in the Top 20 International PM/CM Firms; and by World Architecture as 50th largest global architecture firm and #1 Firm in the Middle East Region in their 2021 WAS 100 Survey.

We invite you to join us.

Our newest opportunity is for a talented Senior Quantity Surveyor Manager to join our client in Jeddah.

This position is responsible for implementing cost controls and financial control procedures as outlined in the construction contracts. Other responsibilities will include; measure and assess the client’s variations to the construction works and contractor’s claims for changes, evaluate contractor’s monthly interim payment applications and identify areas of concern and assess their potential impact upon the project budget. Responsibilities:

Our newest opportunity is for a talented Senior Cost Engineer to join our team based in Jeddah, Saudi Arabia.

We envisage success in this role to include;* Prepare and present detailed budget estimates utilizing benchmarked data, ensuring adherence to value engineering principles and risk management best practices.

• Establish and update a comprehensive benchmarking database to track costs and performance metrics at both regional and international levels.
• Actively facilitate and contribute to Value Engineering workshops, identifying and recommending economic solutions that align with project goals.
• Attend and contribute to cost meetings, providing expert advice on construction costs and related commercial issues to stakeholders.
• Conduct regular site visits to familiarize with project conditions, assess work progress, and provide actionable recommendations based on site characteristics.
• Review project designs and initiate timely cost planning processes, ensuring alignment with project scope and budget.
• Lead efforts in continuous improvement by employing cost engineering techniques to identify inefficiencies and implement cost optimization measures.
• Monitor and analyze economic trends, assessing their impact on project costs and identifying associated risks.
• Ensure the application of standardized and professional cost engineering management processes and practices across all projects.
• Collaborate with project teams to develop accurate forecasts of project costs, identifying potential cost-saving opportunities and value engineering options.
• Review and assess Change Notices and Claims, providing recommendations and evaluations to support effective cost management.
• Define and gather essential cost-related information from contractors and suppliers for all contracts within the project program.
• Review and verify contractor payment applications and invoices, assisting in their submission for financial control and approval.
• Monitor, prepare, and report on cash flow forecasts in alignment with project schedules, ensuring accuracy and timeliness.
• Build and maintain effective relationships with internal customers, management, contractors, and suppliers to ensure the integrity of cost and estimation processes.

Qualifications:

To be successful in this dynamic opportunity, we envision that your career journey to date will include 10 years of work experience partnered with a Bachelor's degree in engineering or equivalent.

Other selection criteria:* Bachelor’s degree in Engineering, Quantity Surveying, or related field

• Minimum 10–15 years of experience in cost engineering / cost control
• Proven experience working on large-scale residential or mixed-use developments (preferably NHC or similar mega projects in KSA)
• Strong knowledge of cost control systems, budgeting, and forecasting
• Experience with contracts (FIDIC preferred)
• Proficiency in cost management software and Excel
• Strong analytical and problem-solving skills
• Excellent communication and stakeholder management abilities
• Experience working in Saudi Arabia, particularly in Jeddah
• Professional certifications such as MRICS, CCP, or PMP
• Background with developers or PMC/consultancy firms

KEO’s performance is founded upon integrity, results, innovation, safety and our people. We embrace diversity and recognise its’ contribution to client success wherever we work.

We are excited to hear how you can partner with our award-winning team and treat all expressions of interest confidentially.