Cost Estimator

Join Our Team : Cost Estimator at TimeNow, LLC.

Job Summary

TimeNow, LLC is seeking a detail-oriented and experienced Cost Estimator to join our dynamic team. The successful candidate will prepare accurate project cost estimates, analyze requirements, and ensure cost-effective solutions. This role involves close collaboration with project managers, engineers, and other stakeholders to deliver high-quality projects on time and within budget.

Position Title : Cost Estimator

Location :  Pasadena - TX (hybrid)

Job Summary : The Cost Estimator is responsible for developing accurate and comprehensive cost estimates for Petrochemical Capital Projects across all phases (FEL-1, FEL-2, FEL-3). This role ensures that cost estimates are prepared in accordance with the company's global standards and procedures, providing critical support for project planning, budgeting, and decision-making.

Key Responsibilities :

Estimate Development :

• Prepare cost estimates using industry-standard techniques and software (e.g., Clarity System, Aspen Capital Cost Estimator).
• Develop estimates for all project phases, including Order of Magnitude, Parametric, and Bottom-Up estimates.
• Ensure estimates are based on accurate and up-to-date information, including engineering data, historical costs, and market conditions.
• Communicate the estima basis to stakeholders to ensure transparency and understanding.

Contingency and Allowances :

• Determine appropriate contingency levels based on project phase and risk analysis.
• Include allowances for known but undefined needs and accurately reflect them in the estimates.

Cost Breakdown Structure (CBS) :

• Develop and maintain detailed cost breakdown structures in alignment with the project's work breakdown structure (WBS).
• Ensure estimates are coded according to the agreed CBS for accurate tracking and reporting.

Knowledge Management :

• Collect and analyze historical project cost data to improve the accuracy of future estimates.
• Document lessons learned and share best practices with the estimating team and other stakeholders.

Collaboration and Communication :

• Work closely with project managers, engineering teams, procurement, HES (Health, Environment, and Safety) specialists, and other stakeholders to gather necessary information and validate estimates.
• Participate in project meetings and technical reviews to provide cost estimation insights and support decision-making.

Qualifications :

• Bachelor's degree in Engineering, Construction Management, or a related field.
• Minimum of 10 years of experience in cost estimating for capital projects, preferably in brownfield projects in the chemical, oil and gas, or related industries.
• Proficiency in cost estimating software (Aspen Capital Cost Estimator) and Microsoft Office Suite (Excel, Teams).
• Strong analytical and mathematical skills, with attention to detail and accuracy.
• Excellent communication and interpersonal skills, with the ability to work collaboratively in a team environment.
• Knowledge of industry standards and best practices in cost estimating (e.g., AACEI guidelines).

Preferred Qualifications :

• Certification from a recognized professional organization (e.g., AACEI Certified Estimating Professional).
• Experience with project management methodologies and tools (e.g., Clarity PPM, Primavera P6, FEL Stage Gates, ERP systems like SAP).

Working Conditions :

• Office-based position with occasional travel to project sites as required (0-5%).
• Ability to work under tight deadlines and manage multiple priorities.
Benefits :
• 401(k)
• Opportunities for professional growth and development.
• Collaborative and innovative work environment.

At TimeNow, LLC, we value dedication and a passion for excellence. If you possess these attributes and are looking for a flexible, part-time role, apply to join our supportive and professional environment today!

Flexible work from home options available.

Salary : $90,000 - $110,000