Cost Estimation & Budget Engineer

Main Purpose:

To develop accurate cost estimates, budgets, and commercial proposals that ensure project financial alignment, competitiveness, and profitability, while supporting effective decision-making and risk management across all project phases.

Key responsibilities:

• Develop initial project budgets and ensure alignment with project scope and objectives.
• Review and analyze tender documents, drawings, specifications, and BOQs to understand scope and requirements.
• Prepare detailed cost estimates for new projects, tenders, and change orders (direct & indirect costs) in collaboration with the procurement teams.
• Prepare technical and commercial proposals in compliance with company requirements.
• Communicate with suppliers and subcontractors to obtain competitive quotations.
• Coordinate with engineering, planning, procurement, and finance departments to collect input for Budgets.
• Review and ensure alignment of the detailed budget with the initial budget.
• Support periodic budget revisions and reforecasts in line with project progress by Collect and review market prices for materials, equipment, and labor and with updated Quantity surveying and updated approved material consumption rates.
• Evaluate risks, opportunities, and contractual terms within tenders.
• Support management in developing pricing strategies and commercial decisions.
• Identifying cost-saving opportunities and value engineering.
• Review the variation orders submitted from site or any additional scope to update the budget in accordance with change management process for change orders.
• Create breakdown for variation order submitted to client for approval and update budget accordingly.

• Perform any additional related tasks as assigned.

Job Requirements:

• 4-7 years of proven experience in cost estimation, budgeting, or cost control in the construction, contracting, or real estate development.
• Strong background in tendering, project estimation, and budgeting processes.
• Familiarity with EPC, infrastructure, or real estate projects is preferred.
• Proficiency in MS Office (Excel, Word, PowerPoint).
• Knowledge of earned value management (EVM) principles is an advantage.
• Professional certification is a plus (e.g., CCP - Certified Cost Professional, PMP, or equivalent).