Overview
Cost Estimation Jobs in Riyadh, Saudi Arabia at Palace Consulting Engineers
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.
Title: Cost Estimation
Company: Palace Consulting Engineers
Location: Riyadh, Saudi Arabia
