Senior Cost Engineer KEO International Consultants

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.