About Vision Invest
- Our Shareholders, Al Muhaidib Group and Abunayyan Holding founded ACWA Holding in 2002 to spearhead public-private partnerships in the Kingdom of Saudi Arabia in the utility sector by founding ACWA Power. In 2018, we rebranded Vision Invest to align our mandate with Vision 2023. Our journey has taken us beyond the borders of the Kingdom of Saudi Arabia, extending across the GCC and beyond.
- Our DNA remains that of a boutique investment house, built on core values of talent as our true equity, trust through strong governance, delivering stakeholder value with focus, driving innovation, and upholding credibility as our most valuable currency.
Team Member Value Proposition
- Culture: a strategic pillar for Vision Invest and the essence of our shared DNA – it is this all-encompassing culture that makes us excited to show up at work every morning.
- Vision: Investing for lasting impact - driven by innovation and sustainability, we strive to add long-term tangible value and make a positive impact to the communities we are invested in
- Team: You collaborate with and learn from top global talent. Enabled by an integrated value chain, we bring out the best in each other and work together to achieve our vision.
- Empowerment: You are empowered to define and lead initiatives, with freedom to explore, create, and innovate. We celebrate curiosity and creativity, encouraging every team member to excel beyond their expectations.
- Growth: Join us in a constructively challenging, high-performance environment where personal growth and professional development are encouraged and accelerated.
Role Purpose and Summary
- Manage cost estimation, contract administration, and quantity surveying activities for projects in bidding, mobilization, and execution stages, ensuring accurate forecasting, cost control, and adherence to contractual terms while working closely with project teams, contractors, and stakeholders
Experience
- 6-8 years of relevant professional experience in project management in infrastructure-related projects across various industries with a minimum of 2 years in managerial capacity; Exposure in India is desirable; Experience in engineering design and knowledge of a wide array of conventional and/or renewable technology is preferred
Qualifications
- Bachelor's degree in Engineering (mechanical, electrical and/or civil); Master’s degree is a plus
Key Responsibilities: Role Specific Technical Responsibilities
- Cost Estimation and Budgeting
- Prepare detailed cost estimates, bill of quantities (BOQs), and pricing models for projects in bidding and execution stages, ensuring alignment with project specifications and market benchmarks
- Provide input on cost assumptions for technical and commercial proposals, ensuring feasibility and competitiveness
- Analyze and validate contractors' pricing submissions and ensure accuracy in financial forecasting
- Contract Administration
- Draft, review, and administer contracts with EPC contractors and suppliers, ensuring adherence to agreed terms and conditions
- Support negotiation of contractual terms with contractors and vendors, addressing variations, claims, and disputes effectively
- Monitor contract deliverables and ensure timely approvals of payments and certifications
- Cost Monitoring and Reporting
- Track project costs and expenditures, comparing them against the approved budget and flagging any variances or potential overruns
- Maintain a comprehensive cost database, ensuring the availability of reliable data for future bids and transactions
- Prepare periodic financial and cost reports for project teams and senior management, highlighting cost-saving opportunities
- Risk Management and Compliance
- Identify potential cost risks in projects and provide recommendations to mitigate these risks
- Ensure all cost management activities comply with industry standards, regulatory requirements, and internal policies
- Support audits and reviews related to cost and contract management, providing accurate and well-documented information
- Collaboration and Stakeholder Management
- Work closely with project managers, technical teams, and procurement teams to ensure alignment of cost and technical objectives
- Liaise with contractors, subcontractors, and suppliers to resolve disputes and maintain smooth project execution
- Contribute to the development of cost control tools and processes to enhance project delivery efficiency