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  • Job reference: RMS0138598

Senior Cost Estimator

  • Sector: Oil & Gas
  • Location: London
  • Job type: Permanent
  • Date posted: 26/02/2014
  • Time left:
    d h m s
    (05/03/14)
This vacancy has now expired.
The Company:
Our client is Major Oil & Gas Operator

The Role:
• Methodologies and tools for Cost Estimates-Utilise cost methodologies and tools to produce cost estimates.
• Incorporate project complexity factors into project estimates and assemble key input data such as project objectives, scope and economic analysis.
• Formulate and validate methodologies for deriving quantities from design parameters.
• Perform uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks.
• Manage reviews and audits of cost estimates.
• Benchmark against historical performance, industry norms and established KPI’s.
• Assess prospect scope and develop consistent, high level conceptual estimates (Type-0/1) for each concept under consideration.
• Experienced with development of capacity factored estimates and location factor adjustments.
• Assess prospect scope and main components to develop consistent "building block" estimates (Type-2) for each concept under consideration.
• Utilise Technical, Economical, Commercial, Organisational & Political (TECOP) profile to establish appropriate deterministic cost contingency.
• Translate the identified project scope and engineering deliverables into the estimate of capital expenditure costs for design, procurement, construction, installation, commissioning and start-up of the hardware elements (Type-3).
• Estimate composed of detailed MTOs matched with detailed pricing and construction unit hours.
• Identify areas of uncertainty and apply appropriate allowances.
• Development of detailed project cost estimate (Type-4).
• Incorporation of project actual to date and detailed MTOs matched with detailed pricing and construction unit hours for to-go costs.
• Develop Estimate Basis to document how estimate was developed.
• Manage Estimating Data-Establish process to collect actual cost performance, condition and normalise data for future use, develop metrics and benchmarking information.
• Benchmarking of Estimates-Develop benchmarking packages at appropriate level to check estimate results from top down versus both internal and external comparable data
• Work with IPA ( or similar) forms and reports to understand comparison of projects to industry datasets.
• Cost Estimator will also develop expertise in probabilistic cost estimating and will be a subject matter resource within the global Project Management Services community for projects that are using that cost estimating method.

Essential Skills / Qualifications:
Extensive Oil & Gas experience
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