Director - Incubator (Cost Planning) - CDU6 - 20004858

General Summary

Join Qiddiya Investment Company as a Director of Cost Planning Incubator, where you will support the cost planning strategy to ensure budgets inform design decisions and deliver optimal value. This role oversees multiple business units, managing cost planning through Stage Gates (Hold Points) to ensure compliance with policies and standards. Key responsibilities include benchmarking, feasibility analysis, preparing cost review packs, and risk identification. The position requires expertise in cost planning software (preferably CostX), industry standards, and large-scale CAPEX projects. Strong leadership, communication, and stakeholder engagement skills are essential for aligning cost strategies with organizational objectives, mentoring the team, and integrating technology for greater process efficiency.

Essential Duties and Responsibilities

1. Cost Planning: Take a proactive approach to cost planning by ensuring budgets drive design decisions, preparing pre-concept cost advice before engaging cost consultants, optimizing the cost versus value equation for optimal financial outcomes, and identifying risks and opportunities early to minimize abortive design work.

2. Cost Consultant Management: Manage the procurement and oversight of external cost consultants. Evaluate cost plans submitted by these consultants to ensure alignment with design objectives and budgetary constraints. Continuously assess design efficiencies throughout the project lifecycle, ensuring adherence to scope, guidelines, and established procedures.

3. Standards: Ensure adherence to defined policies and processes, understand IPMS measurement guidelines, and represent the organization in meetings with consultants and stakeholders to maintain clear communication and alignment on cost-related matters.

4. Business Units: Provide internal updates to your Business Unit on the status of construction costs and design metrics. Ensure representation during internal reviews to facilitate progress and successfully pass through Stage Gates.

5. Benchmarking: Leverage personal asset class benchmarking experience to effectively integrate design metrics with cost positions, ensuring assurance throughout all phases of the project lifecycle.

6. Feasibility: Understand the feasibility requirements with regards to cost planning.

7. Market Awareness: Keep aware of all issues within the field of cost planning which could affect our business.

8. Cost Leadership: Drive collaboration within the Cost Planning Team to align efforts with Qiddiya's strategic goals while providing mentorship for professional growth, identifying and assessing potential risks with mitigation strategies, establishing key performance indicators (KPIs) to measure effectiveness.

Requirements:
Qualifications

· Relevant tertiary qualifications. Degree in Quantity Surveying / Commercial Management or equivalent.

· Member of Royal Institution of chartered Surveyors (MRISC), Australian Institute of Quantity Surveyors (AIQS) or equivalent. (preferred)

Experience

· 15+ years Cost Planning Experience (Cost Planning, Quantity Surveying, Estimating).

· Worked in Local (GCC) Construction industry for 2 years or more (preferred).

· Expert with industry standards eg NRM, CESSM, RIBA, POMI, etc. And all aspects of technical capabilities in Cost Planning.

· Experience in working on large scale projects with Construction Value greater than: 500-1000m SAR

· Proven track record Leading teams in managing complex cost planning processes

· Expert in benchmarking cost and design. Experience with costs/benchmarking in KSA or Middle East is preferable

· Excellent communication skills, with the ability to effectively convey cost strategies and insights to a diverse audience

· Extensive expertise in CAPEX cost planning, procurement processes, and value management principles

· Extensive Understanding: Highly knowledgeable about Cost Planning Software, including its design and strategic application. CostX is preferable.

Personal Attributes

· High output orientation and drive.

· Considered decision making and influencing skills.

· To mentor and support other Cost Planners by providing guidance and advice.

· Exceptional overall awareness, with a comprehensive understanding of complex organizational issues and external factors.

· Exemplary leadership skills with a strong ability to inspire and influence others.

· To act professionally, build trust with others and create strong partnerships and relationships.

· Work Collaboratively to deliver desired outcomes.

· Be completely adapted to change, adjusted rapidly and frequently to new situations, and assist others in adapting to change.

Benefits:
· Competitive salary and comprehensive benefits package.

· Opportunities for professional development and growth.

· Collaborative and innovative work environment.