Director - Cost Management

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia Parsons Full time

Parsons is looking for an amazingly talented
Director of Cost Management to join our team In this role you will get to leading cost department for real estate development projects, optimizing spending, enhancing value.


What You'll Be Doing:

  • To establish a bestinclass cost unit that optimizes spending and enhances value for our real estate development projects
  • Optimize spending and improve value for real estate development projects by developing robust processes, systems, and relationships to reduce costs.
  • Develop and implementing cost estimation and cost management best practices, ensure adherence to protocols, conduct compliance verifications.
  • Develop and maintain a comprehensive database of market prices and cost data
  • Analyze market trends, provide insights and recommendations for investment and development strategies, and disseminate market intelligence reports to relevant stakeholders.
  • Source of Truth on pricing data from local market, PID DevCos and global market during the early stages of projects and maintains a comprehensive library of current and historical cost data.
  • Perform pivotal role in cost and commercial strategy development advisory, providing valuable inputs and guidance for optimal procurement practices that contribute to the overall success of the organization and project outcomes.
  • Monitors Contract Performance
  • Develops OOM Capital Cost estimates for the clients Project strategic purposes.
  • Provide Capex Assumptions / Benchmarks at Kick Off Stages.
  • Preparation and or review of Budget, Estimates, Cost Plans at all stages of the DMO.
  • Review FSC/FB/MIC Meeting material and support ExCom/ Management requests from Budgeting prospective.
  • Review Business Plans from budgeting prospective.
  • Lead the value management process, provide cost studies and advice on cost effective design solutions including synergistic opportunities.
  • Develop and share technical guidelines, tools, templates and procedures and continuously seek opportunities for process improvement.
  • Develop & maintain construction cost databases and issue quarterly Cost Benchmark Reports.
  • Performs detailed review of Devco developed Capital Cost Estimates and budgets
  • Monitor budgets and expenditures to ensure they align with the approved cost estimates.

What Required Skills You'll Bring:

  • 20+ years cost management experience post MRICS qualification
  • 5+ years experience living and working in the GCC
  • Experience of KSA giga projects hospitality, industrial, rail
  • Detailed knowledge and practical experience of cost estimating and cost planning techniques
  • Excellent knowledge of construction procurement strategies, including tendering and contract strategies
  • Ability to motivate others (including providing support and encouragement)
  • Excellent organisational skills and the ability to quickly adapt to changing environments
  • Excellent problem solving, negotiating skills, financial and numeracy management skills
  • Ability to absorb complex information and assess requirements readily
  • Demonstrable evidence of delivering services to Clients and managing Client relationships
  • MRICS (Member of the Royal Institution of Chartered Surveyors), or equivalent
  • Degree in Quantity Surveying or equivalent
  • Native level English language, written and oral

Minimum Clearance Required to Start:

Not Applicable/None

Parsons is an equal opportunity employer committed to diversity in the workplace. Minority/Female/Disabled/Protected Veteran.

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