: ARE-AD-Abu Dhabi City
: Project Cost Estimating
: Dec 27, 2022
: Jan 26, 2023
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Prepares the Estimate Plan to establish the estimating methodology and cost estimating principles applicable to the estimate preparation
Works with Planner to define an appropriate Estimate Work Breakdown Structure (WBS) in accordance with the customer and project requirement
Reviews design scope criteria and quantities for completeness and reasonableness and coordinate with the project to develop additional estimating bases when information is incomplete
Ensures collection, verification and integration of work scope into the cost estimate including labour rate derivation, installation rates / construction norms, productivity analysis, and associated engineering and construction costs
Understand and advise on latest offshore specific pricing strategies and equipment items.
Specific demonstrable experience on large scale offshore projects.
Coordinate identification of areas of risk in the compilation of cost estimates and evaluate appropriate levels of contingency. Where necessary performs Monte Carlo type risk analysis of costs estimates to determine contingency and accuracy levels
Assists with cost estimating input into specific studies. Responsible for integration of activities and total work scope identification. Evaluates study results, critical path and recommended conclusions for project team consideration and discussion
Analyses site conditions and applies practical experience with constructability expertise to the development of feasibility and conceptual estimates where little or no design drawings and information exist for the effort
Ensure that all relevant regional/local factors are taken into account when preparing estimates by organising and participating in location surveys and data research
Performs scenario comparisons and uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks. Manage reviews and assurance of cost estimates. Benchmark against historical performance, industry norms and established KPIs
Supports development estimating standards and procedures. Compiles, summarizes, updates and maintain estimate and historical cost da
Develops benchmarking packages at appropriate level to check estimate results from top down versus both internal and external comparable data.
Participate in cost and schedule risk analyses and provide mitigation proposals to the project teams. Provide cost engineering advice (including estimating, planning, cost control and risk analysis) to project teams and other stakeholders
Aligns with Business Managers on business objectives for each estimate before issuance
Prepares and presents cost estimating information to management/customer
Delivering of Capital Cost Estimates with focus on enhancing accuracy and execution.
Leadership skills in Estimating with ability to handle complex multi-office projects
Customer Interface – Build strong relationships with key clients and grow business through consistent team performance
Provides ‘on the job’ training and mentoring
Supports the roll-out of new processes, procedures, guidelines, systems, and tools to the team
Develops open and transparent relationships with the internal team and external customers
Transfers, in case of a contract, all information to the Project Cost engineer and renders assistance during the preparation of the control budget
Share location lessons learnt with location Project Controls Manager
Job Specific Knowledge:
- Experience in project delivery.
- Recent experience in senior / lead role on large offshore projects
- Commercial awareness and business case analysis, must include knowledge and experience with Economic Analysis/Life Cycle costing which includes NPV, IRR etc.
- Proven success with benchmarking and data analytic skills.
Industry Specific Experience:
- Minimum 12 years practical experience in the preparing Class 1 to Class 5 estimates as per AACEI Estimate Classification for the Oil & Gas, offshore or Petrochemicals projects.
- Engineering and Construction Experience is a must.
- Experience in commercial contracting models/risk profiles and project scopes/phases (FEL/EPC/EPCM & Lump Sum/Fixed Price/Target Price/Reimbursable, etc).
- Hands-on mentality.
Education: Degree in Engineering (Chemical, Mechanical, Electrical or Instrumentation preferred) or Construction.
If you have the passion and talent to keep up, it’s time to test the limits of what you can become. Find your future with Worley.
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