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Cost Estimate Engineer (Heavy Equipment)

Arabian Consolidated Trading Group

On-site🇸🇦Jubail, Saudi Arabia · +1 moremidSAR 7,000–9,000/moPosted 9h ago
2 locations🇸🇦JubailAl Jubayl, 04

Visa & sponsorship

  • Employers in Saudi Arabia sponsor the residence visa by default, and nothing in the posting says otherwise.

Job description

Job Purpose

Prepare accurate cost estimates and pricing for heavy equipment rental, manpower supply, and oil & gas service contracts, so the company wins tenders at a healthy profit margin.

Key Responsibilities

  • Study tender documents, scope of work, and client requirements (RFQ/RFP).

  • Prepare detailed cost estimates for equipment (cranes, trailers, forklifts, etc.), operators, riggers, and support staff.

  • Calculate equipment costs: depreciation, fuel, maintenance, spare parts, insurance, mobilization/demobilization.

  • Calculate manpower costs: salary, allowances, housing, transport, iqama, GOSI, medical, and overheads.

  • Collect and compare quotations from suppliers and subcontractors.

  • Prepare commercial bids and price breakdowns for submission.

  • Work with Operations, Procurement, HR, and Finance to confirm actual costs.

  • Track actual project costs vs estimates and report variances.

  • Support contract negotiations and rate revisions.

  • Keep a database of rates, past estimates, and market prices.

  • Make sure estimates follow client standards and company policy.

Requirements

Education

  • Bachelor’s degree in Mechanical, Civil, or Industrial Engineering (or similar).

Experience

  • 4–8 years in cost estimation, preferably in heavy equipment, construction, or oil & gas services.

  • Experience with tenders for clients like Aramco, SABIC, or MAADEN is a strong plus.

Skills

  • Strong Excel skills (formulas, pivot tables, costing models).

  • Good understanding of equipment operating costs and manpower costing.

  • Ability to read technical specs and BOQs.

  • Good English communication and report writing.

  • Attention to detail, and comfortable working under tender deadlines.

Nice to have

  • Certification such as PMP, CCP, or AACE.

  • Knowledge of Saudi labor law and Saudization requirements.

  • Experience with ERP or estimation software.

Success Measures (KPIs)

  • Estimate accuracy (variance from actual cost)

  • Tender turnaround time

  • Tender win rate

  • Profit margin achieved on awarded jobs

Pay: ﷼7,000.00 - ﷼9,000.00 per month

Work Location: In person