What are the responsibilities and job description for the Cost Estimator position at PTS Advance?
Job Title: Cost Estimator – Oil & Gas Storage and Marine Terminals
Location: Deer Park, TX
Position Summary:
We are seeking an experienced Cost Estimator with specialized expertise in oil and gas storage facilities and marine terminals. The successful candidate will ensure the development of accurate, reliable, and standardized project cost estimates in alignment with industry best practices and organizational standards. Proficiency in Cleopatra Enterprise or equivalent estimating software is essential.
Key Responsibilities:
- Develop and maintain cost estimates across project lifecycle stages (from identification to evaluation), ensuring alignment with organizational standards.
- Utilize Cleopatra Enterprise or similar software to prepare estimates based on Work Breakdown Structures (WBS) and Cost Breakdown Structures (CBS).
- Collaborate with engineering, procurement, and project management teams to gather and verify estimated data, including materials, labor, and indirect costs.
- Integrate contingency planning, escalation factors, and risk analysis into cost estimates.
- Ensure estimates comply with organizational accuracy requirements (e.g., ±40%, ±25%, ±10%) and incorporate appropriate contingencies.
- Maintain and update cost databases with historical data, market benchmarks, and completed project costs to enhance estimating accuracy.
- Validate contractor bids and benchmark against internal databases for cost effectiveness and consistency.
- Document assumptions, methodologies, and bases of estimates comprehensively to ensure transparency and repeatability.
- Support strategic decision-making by providing accurate cost projections and analyzing alternative project scenarios.
- Train team members on best practices for cost estimating and software tools.
Qualifications:
- Bachelor’s degree in Engineering, Construction Management, or related field.
- Minimum of 5 years of experience in cost estimating, particularly in oil and gas storage or marine terminal projects.
- Proficiency in Cleopatra Enterprise or equivalent estimating software is required.
- Strong knowledge of industry standards and practices, including AACE guidelines and factor estimating techniques.
- Familiarity with project lifecycle stages, including FEL (Front End Loading) and FIP (Final Investment Proposal).
- Experience with Work Breakdown Structures (WBS) and Cost Breakdown Structures (CBS).
- Exceptional analytical and problem-solving skills.
- Effective communication skills for collaboration with multidisciplinary teams.
Preferred Skills:
● Certification in cost estimation or project management (e.g., AACE certification).
● Experience with Monte Carlo simulation or other risk-based estimating techniques.
● Knowledge of terminal and marine infrastructure, including jetties, pipelines, and tank farms.
