Quantity Surveyor I Real Estate I Asset Development

Job Requisition ID: 160629 

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

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 Al-Futtaim Group Real Estate
The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years. 
Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.
AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.