Project Cost Estimation and Controls Engineer

2 weeks ago

Singapore NES GLOBAL PTE. LTD. Full time
Roles & Responsibilities

Your role

Our major Oil & Gas Downstream Client is urgently looking for Project Cost Estimation and Controls Engineer who will develop and maintain accurate and detailed cost estimates (CAPEX and OPEX) for major projects and portfolio projects at all project stages — from feasibility, concept, and FEED through to execution and close-out. You will work with project teams, discipline engineers, procurement, and contractors to collect data, validate assumptions, and integrate technical and commercial inputs into estimates.

  • Build and maintain cost models, databases, benchmarks, and norms specific to major and portfolio projects to enhance estimation accuracy and competitiveness
  • Develop and manage project budgets, ensuring alignment with approved funding, project scope, and execution plans
  • Develop Estimate Plan detailing how the estimate will be developed
  • Develop Estimate Basis to document how estimate was derived
  • Establish and implement effective cost control systems to track actual costs, commitments, and forecasts against the approved budgets
  • Provide regular cost reporting to stakeholders, highlighting variances, trends, and forecasts with clear explanations and proposed corrective actions if required
  • Support portfolio prioritization and decision-making by analyzing cost implications across multiple projects and proposing cost optimization strategies
  • Evaluate contractor and vendor proposals for cost compliance, competitiveness, and alignment with project estimates
  • Support risk management by identifying cost-related risks and opportunities and incorporating them into estimates, budgets, and forecasts
  • Collaborate with planning/scheduling, procurement, engineering, and construction teams to ensure integrated project controls across major and portfolio projects
  • Prepare cash flow forecasts to support financial planning and funding approvals
  • Ensure that all cost estimation and control activities adhere to company policies, procedures, and industry standards
  • Contribute to lessons learned, continuous improvement, and the development of best practices in cost engineering for future major and portfolio projects
  • Support development of probabilistic cost analysis

You are what we are looking for if you:

  • Have Engineering Degree or equivalent experience with minimum 8 years industry experience
  • Have experience in Front-End Engineering and Execution
  • Have experience in oil and gas, preferably downsteam, refinery, chemical plant industry
  • Possess understanding of Cost Estimating and cost control principles
  • Have knowledge in the use of the cost estimating tools
  • Have excellent analytical, oral and written communication skills
  • Have good working knowledge of Cost Estimating and control principles, techniques and industry cost estimating / controls tools
  • Have practical understanding of all phases of the project delivery process
  • Have good networking and influencing skills
  • Have Turnaround estimate and review experience preferably
Tell employers what skills you have

Influencing Skills
Budgets
Construction
oil and gas
Financial Planning
Estimates
Procurement
Cost estimation for projects
cost estimation
Refinery
Cost Engineering
Cost Reporting
Cash Flow
FEED
Project Delivery
Cost Control
Project Cost

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