Cost Estimation Professional

PIF is seeking a candidate to join Local Real Estate Investments team to advise on the provision of cost estimation services related to Local Real Estate (LRE) Investments’ projects and consolidating a database of costs across Development Companies (DevCos), while facilitating adherence to respective policies, procedures, and best practices and providing cost optimization levers to reduce costs across the portfolio.

Specialized Accountabilities

• Recommend and maintain ‘Tender Price Index’, ‘Building Material Cost Index’, ‘Material Prices Databases’ and ‘Construction Price Index’ for alignment with construction market.
• Assess in building CAPEX assumptions and benchmarks at projects’ kick off stages.
• Advise on the preparation of budgets, estimates and cost plans at all stages of the DMO and monitor budgets and expenditures to ensure they align with the approved cost estimates.
• Suggest development costs and corporate operating expenses (OPEX) and advise on strategies to optimize project costs.
• Advise on the value management process, provide cost studies and advice on cost effective design solutions including synergistic opportunities.
• Assess the RFP’s and proposals and review construction tenders / bid analyses and associated Bills of Quantity (BoQs)
• Recommend and share the best practices in cost management, budgeting, and forecasting to ensure financial viability and efficiency across projects.
• Conduct comprehensive analysis on data from various sources to create a comprehensive construction cost database, supporting accurate and competitive cost estimations.
• Provide tracked actual expenditures against budgeted amounts, identifying variances and recommending corrective actions to manage project finances effectively.
• Recommend future costs based on current spending patterns and project progress, aiding in long-term financial planning and cost control.
• Propose a database of cost optimization levers, conducting detailed assessments to identify and implement cost-saving opportunities across projects.

Common Accountabilities

Qualifications / Years of Experience

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance

Industries

Investment Banking and Investment Management

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