Principal Estimator

Job Description:

Company Overview:

People power our future. That is why advancing a dynamic, inclusive environment, where everyone grows and thrives is critically important to us.

Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing offshore platforms hundreds of miles from shore, and using our expertise to design and build offshore wind infrastructure.

For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.

Here, what you do matters.

Job Overview:

The Principal Estimator will be expected to conduct site-based estimating for a large project currently in execution. Duties could include change orders, validating field estimates, applying contractual unit rates to final quantities, etc.

This will require that individual to understand and apply standard estimating concepts, practices, and company procedures; evaluate scopes of work for completeness; produce construction estimates which are accurate and thorough; work as part of a multi-function project team; present and explain estimates to internal and external project stakeholders.

Responsibilities for Internal Candidates

• 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 FF
• 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 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, consider 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, omission, or hidden contingency
• In line with the agreed execution plan
• Evaluate and recommend ways to be more cost-effective or profitable

Qualifications for Internal Candidates

• 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