Accessibility Links
  • 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.
Send jobs like this to my email    What's this?
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
Similar jobs
Sylvanna Berkowitz
Order Management Analyst (Auburn Hills, Michigan) Location Auburn Hills, Michigan Duration 6 months renewable The Role: The job scope consist of: To analyze...
Aima Liza
Head of Special Ventures Location Kuala Lumpur Duration 1 month The Role: 1. Lead the implementation of specialty chemicals...
Aima Liza
Head of Compouding Ventures Location Kuala Lumpur Duration 1 month The Role: Develop strategy with detailed immediate execution...

Back to Top

By clicking "Save" you consent to
receiving matching jobs based on the
job/page you are viewing by email from
Fircroft, as detailed in our privacy policy
Fircroft would like to keep you up to date with our current vacancies and latest company updates via email. Occasionally Fircrofts marketing may contain 3rd party or affiliate information, however we will not share your personal data with any 3rd parties without your consent. From time to time, we might contact you to get your views on the service you have received. To help you get the best out of Fircroft, we may personalise them based on your location and how you use fircroft.com
Fircroft would like to keep you up to date with the latest company updates and vacancies via SMS / Text messages
Your consent options above means that Fircroft cannot contact you about any new or alternative career vacancies. If you want Fircroft to only contact you about the role(s) you have applied for please continue, however if you would like to be considered for other positions please allow us to contact you by changing one or more of the above consent.