What are the responsibilities and job description for the Principal Estimator position at McDermott?
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
LI-EB2
LI-DNI
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McDermott is an equal opportunity / affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, genetic information, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.
