Quantity Surveyor - Real Estate

Job description / Role

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Overview of the role:

To support the cost management and financial administration of construction projects within the real estate development company, ensuring that projects are completed within budgetary constraints and in compliance with contractual obligations, industry standards, and company policies. The Junior Quantity Surveyor plays a crucial role in assisting senior team members in cost estimation, budget management, procurement, contract administration, and risk management activities, contributing to the successful delivery of construction projects and the overall growth and profitability of the company.

What you will do:

Responsible for:

Assist in Cost Estimation
- Collaborate with senior quantity surveyors to estimate the costs of materials, labour, and equipment required for construction projects.
- Assist in analysing project specifications and drawings to determine the quantities of materials needed.
- Research and gather data on prices of materials and services to support cost estimation.

Budget Management
- Support in creating and managing budgets for construction projects, ensuring that costs are kept within budgetary constraints.
- Assist in tracking project expenditure against budget allocations and identifying areas of overspending or cost-saving opportunities.

Measurement and Valuation
- Assist in measuring and valuing construction work completed on-site, following standard measurement practices and methodologies.
- Support in preparing interim valuations and progress payments to contractors in accordance with contractual agreements.
- Verify the accuracy of measurements and valuations by conducting site visits and inspections as required.

Documentation
- Maintain accurate records of project costs, variations, and payments using project management software or spreadsheets.
- Assist in preparing and processing invoices, payment certificates, and other financial documentation.
- Ensure that all documentation complies with company procedures and contractual requirements.

Cost Reporting
- Prepare regular cost reports and financial forecasts to monitor project expenditure and forecast future costs.
- Analyse cost variances and deviations from budget to identify potential issues or risks.
- Present cost reports to project stakeholders and provide recommendations for corrective actions if necessary.

Contract Administration
- Assist in administering construction contracts, including reviewing contract documents, and ensuring compliance with contractual obligations.
- Support in assessing claims, variations, and final accounts submitted by contractors.
- Maintain a thorough understanding of contract terms and conditions to resolve disputes and avoid potential liabilities.

Compliance
- Ensure compliance with relevant legislation, regulations, and company policies governing construction projects.
- Maintain up-to-date knowledge of industry standards and best practices related to quantity surveying and cost management.
- Provide guidance and support to project teams on compliance-related matters as needed.

Support to Senior Team Members
- Provide support to senior quantity surveyors or project managers by undertaking tasks delegated to them.
- Collaborate with other members of the project team to contribute to the successful delivery of construction projects.
- Seek guidance and mentorship from experienced colleagues to enhance professional development and performance.

Job Context:

The job holder will perform under:
- Dynamic Industry
- Exposure to different project cycle
- Budgetary Constraints
- Compliance and Regulations

Requirements

Required skills to be successful:

Computer Knowledge:
- Proficient in MS office (MS Excel / Word / Powerpoint) and Knowledge of SAP and Primavera, Expedition preferable. Knowledge of proprietary measurement software a bonus but not absolutely necessary.

Behavioural Competencies :
- Initiative
- Teamwork
- Communication
- Professional Knowledge
- Attention to Detail

What equips you for the role:

Minimum Qualifications and Knowledge:
- Working towards professional qualification (MRICS, MCIOB),
- Bachelor's Degree in Quantity Surveying or equivalent.
- Knowledge of Procurement Process

Minimum Experience:
- 0 to 2 years experience in Quantity Surveying or Procurement role (Contractors, Clients, Consultants) in real estate development or construction sectors.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.