Lead III - Cost Estimation

Role Overview

This position is accountable for generating precise Class I through Class V cost estimations for projects in EP, EPF, EPC, and LEPC domains by gathering, scrutinizing, and validating cost data.

Key Responsibilities

• Analyze tender requirements, commercial conditions, and engineering documentation such as Process Flow Diagrams, Piping & Instrumentation Diagrams, and equipment catalogs to formulate detailed cost estimates.
• Possess comprehensive knowledge of both regional and international supplier markets and principal cost factors, especially focusing on high-cost components influencing overall project expenses.
• Evaluate risks associated with projects, determine contingency allowances, and conduct scenario analyses to aid in dependable cost forecasting.
• Collaborate with the Proposal Manager to define bid strategy and assist the Sales team in crafting competitive proposals.
• Calculate taxes, duties, currency fluctuations, import/export factors, Incoterm choices, and the distribution of onshore and offshore work impacts on cost.
• Stay informed about global codes and standards applicable to project execution and cost structuring.
• Question project scopes and technical specs to seek cost-optimization and value engineering possibilities.
• Utilize sophisticated financial models such as Net Present Value (NPV), Internal Rate of Return (IRR), and sensitivity analyses for commercial decision support.
• Have deep expertise in construction cost prediction and ability to critically assess and benchmark location-specific construction expenses.
• Ensure strict adherence to client submission deadlines and internal review schedules for proposal progress.
• Bring specialized knowledge estimating complex facilities including SMR-based Hydrogen, Green Hydrogen, HyCO, Sulfur Recovery Units, Ammonia plants, Gasification processes, Petrochemical setups, cryogenic and other storage tanks, plus modular plant designs.

Collaboration and Coordination

• Work closely across departments to secure necessary inputs for cost calculations.
• Engage with international estimation teams to integrate comprehensive cost data into unified project budgets.
• Participate actively in proposal and costing discussions, navigating cultural and functional differences to reach consensus and final decisions.
• Demonstrate strong negotiation abilities and effectively challenge costs to achieve competitive commercial results.

Data Management and Analysis

• Perform market research and establish, update, and maintain digital databases for cost estimation.
• Develop benchmarking metrics and estimation standards to enhance accuracy and efficiency in costing.
• Create commodity price trends and escalation forecasts by leveraging pertinent market indices.

Additional Duties

• Mentor and support junior staff development and assist in their seamless integration into the team.

Software and Tools

Proficient with Microsoft Office suite (including advanced Excel, Word, PowerPoint), Power BI, Teams, and modern AI-driven digital tools utilized for data management and analysis.

Qualifications and Experience

Holds a Bachelor’s or Master’s degree in Mechanical or Chemical Engineering. Brings extensive experience spanning 16 to 20 years within engineering or EPC companies, including no less than 8 to 10 years actively engaged in cost estimating for EP, EPF, EPC, or LEPC projects.