Principal Estimator

Job Overview:

The Principal Estimator will be expected to conduct site-based estimating for a large project currently in execution. This will require that individual to understand and apply standard estimating concepts, practices, and company procedures; evaluate scopes of work for completeness; produce construction estimates which are accurate and thorough; work as part of the project team; present and explain estimates to internal and external project stakeholders.

Key Tasks and Responsibilities:

• Provide guidance and leadership to the Functional Estimators, and Bench Markers
• Ensure that the estimates produced are of the highest quality and technically compliant
• Support and assist the Estimating Manager
• Work with the Proposal team to prepare estimates and bids for clients
• Attend all tender-related meetings
• Understand the Proposal requirements and direct attention to those areas that appear inconsistent or contain a high-risk element FF
• Read the technical documents to prepare a proper estimate
• Gather information and input from functions with support from the project manager
• Consult with Subject Matter Expert (SME) to discuss estimates and resolve issues
• Create an estimate with available benchmarks and from experience before receiving the inputs from functions and evaluate the estimates received from functions against the internal estimate
• Give regular updates to the department manager /immediate supervisor and highlight any concerns about anything that might potentially jeopardize submitting a competitive proposal
• Analyze the cost components that are critical/crucial and seek quotes for those items
• Attend and participate in Bid review meetings, estimate evaluation meetings, Risk assessment meetings, etc., as required
• Analyze and comment on the execution plans of the project
• Prepare a comprehensive Basis of Estimate (BOE) to be discussed and reviewed with managers
• Predict the cost, size, and duration of future Projects is vital to the survival of businesses
• Analyze many inputs to determine how much time, money, and labor a project needs and how profitable it will be, consider several factors, including allowances for wasted material, bad weather, shipping delays, and other factors that can increase costs and lower profitability
• Utilize support from the benchmarking team by analyzing information on the costs from other similar projects and preparing the relevant benchmark report
• Assure that the estimate is:
  • Completed promptly
  • Cognizant of the Bid ‘Win Strategy’
  • Accurate, free of errors, omission, or hidden contingency
  • In line with the agreed execution plan
  • Evaluate and recommend ways to be more cost-effective or profitable

Essential Qualifications and Education:

• Bachelor’s degree in Engineering is a plus
• 7 years of experience in a large Engineering, Procurement, and Construction (EPC) company (preferably in estimating, project controls, and data analytics)
• Cost estimation experience, preferably in the Oil & Gas industry at a Senior or Supervisory level
• Willingness to work overtime as necessary to meet deadlines
• Intermediate/Advanced level in Microsoft Office systems, e.g., Excel, Word, PowerPoint
• Accurately evaluate detailed specifications that are crucial to a cost estimator’s success
• Must pay attention to minute details because such details may impact a product’s overall cost
• Must plan their work and work efficiently and accurately
• Must be able to write detailed reports to determine the management decision on the Project Controls approach
• Knowledge of Estimating Software

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