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  • Job reference: RMS0109219

Cost Engineer - Estimator

  • Sector: Oil & Gas
  • Location: Iraq
  • Job type: Contract
  • Date posted: 01/06/2012
  • Time left:
    d h m s
    (08/06/12)
This vacancy has now expired.
The Company:
Our client is a global group of energy and petrochemicals companies with around 93,000 employees in more than 90 countries and territories. Their innovative approach ensures they are ready to help tackle the challenges of the new energy future.

The Role:
Purpose: To contribute to delivery and maintenance of standard, consistent and realistic project plans reflecting the assessed risk parameters for each project.

Main Activities and Accountabilities:
- Utilise cost methodologies and tools to produce cost estimates inclusive of engineering, procurement, construction, commissioning and start-up scope and costs.
- Incorporate project complexity factors into project estimates and assemble key input data such as project objectives, scope and execution plan.
- Formulate methodologies for deriving quantities from design parameters.
- Perform scenario comparisons and uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks.
- Support reviews and assurance of cost estimates.
- Benchmark against historical performance, industry norms and established KPIs.
- Assess prospect scope and main components to develop consistent "building block" estimates for each concept under consideration.
- Translate the identified project scope and engineering deliverables into the estimate of capital expenditure costs composed of detailed MTOs matched with detailed pricing and construction unit hours.
- Identify areas of uncertainty and apply appropriate allowances.
- Support Development of detailed project cost forecasts.
- Incorporation of project actuals to date and detailed MTOs matched with detailed pricing and construction unit hours for to-go costs.
- Develop Estimate Plan detailing how the estimate will be developed.
- Develop Estimate Basis to document how estimate was developed.
- Manage Estimating Data- Support process to collect actual cost performance, condition and normalise data for future use, develop metrics and benchmarking information.
- Support process to store Estimate files in a consistent, secure location.
- Utilise Technical, Economical, Commercial, Organisational & Political (TECOP) profile to establish appropriate deterministic cost contingency.
- Support development of probabilistic cost analysis
- Support the setting-up and maintenance of a local cost database; assist in the approved sharing of cost data with other Projects and associated companies
- Provide input data for and participate in benchmarking activities.
- Contribute to close-out data to enable knowledge retention (lessons learned, project data compilation) at completion of work.
- Assist in maintaining effective interfaces and good working relationships with Contracting & Procurement and other teams in the project.

Essential Skills / Qualifications:
- Engineering Degree and/or Certification as a Cost Estimator or equivalent experience
- Minimum 8 years industry experience including lead estimator positions.
- Excellent analytical, oral and written communication skills
- Fully versed with Cost Estimating principles, techniques and industry standard tools.
- Good understanding of all phases of the project delivery process.
- Good analytical, oral and written communication skills.
- Must be a Team player and self-motivated.
- Ability to handle conflict and challenges with regards to work inputs/outputs and ability to put forward sound arguments in support of decisions and recommendations.
- Ability to work under time pressure within a project environment.
- Ability to actively engage project team members.
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