Principal Estimator

4 days ago

Dubai, Dubai, United Arab Emirates McDermott Full time

Job Overview:

The Principal Estimator interprets internal or external business issues and recommends best practices. They will be tasked with solving complex estimating-related problems and will work independently with minimal guidance. The Principal Estimator may be responsible for leading functional teams or projects and is regarded as a specialist in estimating. As such, they must have in-depth expertise in Estimating and broad knowledge of the Estimating discipline within the Project Controls function.

Responsible for timely producing the hook-up estimates / deliverables for the assigned bids which includes identification of hook-up scope of work (all disciplines), raising technical clarifications to remove ambiguity, preparation of presentation summarizing the hook-up scope, organizing strategy meetings with hook-up function and getting their buy-ins on hook-up estimates.

Essential Qualifications and Education:

  • Bachelor's degree in Engineering is a plus
  • 7+ years of experience in a large Engineering, Procurement, and Construction (EPC) company (preferably in estimating, project controls, and data analytics)
  • Cost estimation experience, preferably in the Oil & Gas industry at a Senior or Supervisory level
  • Willingness to work overtime as necessary to meet deadlines
  • Intermediate/Advanced level in Microsoft Office systems, e.g., Excel, Word, PowerPoint
  • Accurately evaluate detailed specifications that are crucial to a cost estimator's success
  • Must pay attention to minute details because such details may impact a product's overall cost
  • Must plan their work and work efficiently and accurately
  • Must be able to write detailed reports to determine the management decision on the Project Controls approach
  • Knowledge of Estimating Software

Key Tasks and Responsibilities:

  • Provide guidance and leadership to the Functional Estimators and Bench Markers
  • Ensure that the estimates produced are of the highest quality and technically compliant
  • Support and assist the Estimating Manager
  • Work with the Proposal team to prepare estimates and bids for clients
  • Attend all tender-related meetings
  • Understand the Proposal requirements and direct attention to those areas that appear inconsistent or contain a high-risk element
  • Read the technical documents to prepare a proper estimate
  • Gather information and input from functions with support from the project manager
  • Consult with Subject Matter Expert (SME) to discuss estimates and resolve issues
  • Create an estimate with available benchmarks and from experience before receiving the inputs from functions and evaluate the estimates received from functions against the internal estimate
  • Give regular updates to the department manager/immediate supervisor and highlight any concerns about anything that might potentially jeopardize submitting a competitive proposal
  • Analyze the cost components that are critical/crucial and seek quotes for those items
  • Attend and participate in Bid review meetings, estimate evaluation meetings, Risk assessment meetings, etc., as required
  • Analyze and comment on the execution plans of the project
  • Prepare a comprehensive Basis of Estimate (BOE) to be discussed and reviewed with managers
  • Predict the cost, size, and duration of future Projects which is vital to the survival of businesses
  • Analyze many inputs to determine how much time, money, and labor a project needs and how profitable it will be, considering several factors, including allowances for wasted material, bad weather, shipping delays, and other factors that can increase costs and lower profitability
  • Utilize support from the benchmarking team by analyzing information on the costs from other similar projects and preparing the relevant benchmark report
  • Assure that the estimate is:
    • Completed promptly
    • Cognizant of the Bid 'Win Strategy'
    • Accurate, free of errors, omissions, or hidden contingencies
    • In line with the agreed execution plan
    • Evaluate and recommend ways to be more cost-effective or profitable
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