Cost Estimation Specialist

Job Title: Cost Estimation Specialist

Job Description:

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• Develop cost estimates across project lifecycle including project cost estimates at gates, corporate estimates for tenders and work change requests (WCR), and cost impacts of change impact note.">
• Prepare preliminary estimates for scope options.">
• Estimate contingency based on probabilistic cost risk analysis software.">
• Maintain traceability of cost estimates along with necessary supporting documents.">
• Review/evaluate cost estimates of technical deviation requests (TDR) and assess claims submitted by contractor.">
• Develop customized cost breakdown structure (CBS) i.e., schedule of prices for tenders and WCRs relating to all project categories aligned with scope of work and tender notes of pricing, in coordination with discipline engineer and project engineer with support from contract engineer.">
• Participate in technical/commercial review and assurance sessions for all project categories prior to finalize cost estimates at gates and prior presentation/submission to senior management / committees.">
• Provide cost information including cost variance analysis for periodic senior management reviews and Capital Project Steering Committee approvals.">
• Support contract engineer in the development of Appendix 'B' Part III unit rates of the tender document as per tender requirements, in coordination with discipline engineer and project engineer.">
• Participate in technical / commercial bid evaluation for tenders / WCR and provide necessary support to contracts engineer by providing details of cost variances with corporate estimate and prepare cost evaluation report for the tender committee submissions.">
• Timely preparation of cost budget profile for annual work program & budget submission and budget revisions in collaboration with planning engineers. Provide justification for budget variance as required.">
• Monitoring and reporting of status of cost for selected capital projects executed by Directorate, including approved changes, potential changes (e.g. change requests, variation order requests, technical deviation requests, etc.), claims and potential cost forecast at completion.">
• Create release order (RO) of contracts executed by Directorate.">
• Create service entry sheets (SES) relating to monthly value of work done and for processing contractor invoices, based on estimated progress and milestone achievement inputs provided by planning engineer and contract.">

Required Skills and Qualifications:

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• Cost estimation expertise.">
• Project management skills.">
• Excellent communication and interpersonal skills.">
• Ability to work independently and as part of a team.">
• Strong analytical and problem-solving skills.">

Benefits:

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• Competitive salary and benefits package.">
• Opportunities for career growth and professional development.">
• A dynamic and supportive work environment.">

Others:

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• The successful candidate will be responsible for developing cost estimates across project lifecycle, including project cost estimates at gates, corporate estimates for tenders and work change requests (WCR), and cost impacts of change impact note.">
• The successful candidate will also be responsible for maintaining traceability of cost estimates along with necessary supporting documents.">
• The successful candidate will participate in technical/commercial review and assurance sessions for all project categories prior to finalize cost estimates at gates and prior presentation/submission to senior management / committees.">
• The successful candidate will provide cost information including cost variance analysis for periodic senior management reviews and Capital Project Steering Committee approvals.">