Senior Cost Estimation and Controls Specialist

2 weeks ago

Singapore beBeeEstimator Full time $150,000 - $200,000
Project Cost Estimation and Controls Expert

We are seeking a highly skilled Project Cost Estimation and Controls Expert to join our team. This is an exciting opportunity for a motivated individual to take on a key role in our organization.

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  • Job Description: The successful candidate will be responsible for developing and maintaining 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.
  • Key Responsibilities:
    • 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 industry standards
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  • Requirements:
    • Engineering Degree or equivalent experience with minimum 8 years industry experience
    • Experience in Front-End Engineering and Execution
    • Experience in oil and gas, preferably downsteam, refinery, chemical plant industry
    • Possess understanding of Cost Estimating and cost control principles
    • Knowledge in the use of cost estimating tools
    • Excellent analytical, oral and written communication skills
    • Good working knowledge of Cost Estimating and control principles, techniques and industry cost estimating / controls tools
    • Practical understanding of all phases of the project delivery process
    • Good networking and influencing skills
    • Turnaround estimate and review experience preferably
Tell employers what skills you have

Influencing Skills, Budgets, Construction, Oil & Gas, Financial Planning, Estimates, Procurement, Cost Estimation for Projects, Refinery, Cost Engineering, Cost Reporting, Cash Flow, FEED, Project Delivery, Cost Control, Project Cost

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