Senior Engineer, Cost Estimation

Job description / Role

Employment: Full Time

Job purpose:

Prepare and update a wide range of cost estimates for field development and general capital projects required for economic evaluations, business plan proposals and budget submissions based on the construction drawings, specifications, and scope of work.

Key accountabilities:

• Provides cost estimation services for all engineering projects at all stages of the process. Evaluates variations to contract and participates in techno-commercial appraisal and its finalization. Participate in the preparation of techno-economic and feasibility studies, lifetime cost cycles, project cost risk analysis and update cost data systems.
• Supports the ongoing development of standardized cost estimating procedures including utilization of computer based systems, within the framework of an integrated planning and support function for the effective management of projects and business plan objectives.
• Forecasts cost and prepares complete project cost outlook in different classes, types and methods for capital development projects, modifications and maintenance works engineered and/or managed by discipline engineering to ensure sufficient funding.
• Reviews project cost estimates produced by consultants and consolidate the same with indirect owners cost to arrive at project budgets.
• Provides cost estimates, breakdown structure and any other information required for the preparation of budgets, cost management plans and business plans.
• Participate as task force member for cost effective feasibility studies, quantified risk assessment and optimization studies for new schemes or modification.

Generic accountabilities

Supports and coordinate all activities in the assigned area to meet functional objectives.

Budgets

Provides input for preparation of the department/section budgets and assists in the implementation of the approved budget and work plans to deliver section objectives.

Policies, systems, processes & procedures

Complies with all applicable legislation and legal regulations.

Performance management

Contribute to the achievement of the approved performance objectives for the department/section in line with the company performance framework.

Suggest improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards in order to define intelligent solutions for issues confronting the function.

Be familiar with the ADNOC HSE Recognition and Accountability Framework requirements. Comply with all applicable HSE requirements at all times. Exercise the STOP Work Authority bestowed if any unsafe act or situation puts you or your colleagues at risk.

Provide inputs to prepare reports for cost estimation specialist.

Communications & working relationships:

Internal

Frequent contacts with TC engineering project managers, project engineering managers, asset, development, operation engineers, planning engineers, contracts engineers and finance to provide cost estimating support.

Contacts with external contractors and engineering consultants to support cost estimation activities.

Qualifications, experience, knowledge & skills:

Bachelor's degree in engineering preferably process or mechanical.

Minimum experience & knowledge & skills

8 years of diversified engineering experience, including at least 4 years in a cost estimation role within oil and gas industry.

In-depth knowledge in the following areas of cost estimation:

• Cost estimation techniques
• Cost breakdown structure (CBS)
• Minimum input requirements for each cost estimation class
• Different cost estimating techniques
• Components of CAPEX, OPEX and life cycle costing
• Typical ADNOC Onshore costs (indirect management cost, PMC, TPI, etc.)
• Risk assessment and contingency

CEP (Certified Estimating Professional) is preferred.

Company Industry: Marketing, Advertising & PR

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