Cost Estimator

Cost Estimator

JOB-10043842

Anticipated Start Date

April 4, 2025

Location

Pasadena, TX

Type of Employment

Direct Hire

Employer Info

Our client is a management consulting that offers project deployment management, portfolio management, and plant shutdown services.

Job Summary

The Cost Estimator is responsible for developing accurate and comprehensive cost estimates for Petrochemical Capital Projects across all phases (FEL-1, FEL-2, FEL-3). This role ensures that cost estimates are prepared under the company's global standards and procedures, providing critical support for project planning, budgeting, and decision-making.

Job Description

• Estimate Development:
  • Prepare cost estimates using industry-standard techniques and software (e.g., Clarity System, Aspen Capital Cost Estimator)
  • Develop estimates for all project phases, including Order of Magnitude, Parametric, and Bottom-Up estimates
  • Ensure estimates are based on accurate and up-to-date information, including engineering data, historical costs, and market conditions
  • Communicate the estimate basis to stakeholders to ensure transparency and understanding
• Contingency and Allowances:
  • Determine appropriate contingency levels based on project phase and risk analysis
  • Include allowances for known but undefined needs and accurately reflect them in the estimates
• Cost Breakdown Structure (CBS):
  • Develop and maintain detailed cost breakdown structures in alignment with the project's work breakdown structure (WBS)
  • Ensure estimates are coded according to the agreed CBS for accurate tracking and reporting
• Knowledge Management:
  • Collect and analyze historical project cost data to improve the accuracy of future estimates
  • Document lessons learned and shared best practices with the estimating team and other stakeholders
• Collaboration and Communication:
  • Work closely with project managers, engineering teams, procurement, HES (Health, Environment, and Safety) specialists, and other stakeholders to gather necessary information and validate estimates
  • Participate in project meetings and technical reviews to provide cost estimation insights and support decision-making
• The above statements are intended to describe the essential functions and related requirements of persons assigned to this job.  They are not intended as an exhaustive list of all job duties, responsibilities, and requirements.

Skills Required

• Minimum of 6 years of experience in cost estimating for capital projects, preferably in brownfield projects in the chemical, oil and gas, or related industries
• Proficiency in cost estimating software (Aspen Capital Cost Estimator) and Microsoft Office Suite (Excel, Teams)
• Strong analytical and mathematical skills, with attention to detail and accuracy
• Excellent communication and interpersonal skills, with the ability to work collaboratively in a team environment
• Knowledge of industry standards and best practices in cost estimating (e.g., AACEI guidelines)

Preferred Qualifications:

• Certification from a recognized professional organization (e.g., AACEI Certified Estimating Professional)
• Experience with project management methodologies and tools (e.g., Clarity PPM, Primavera P6, FEL Stage Gates, ERP systems like SAP)

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Education/Training/Certifications

• Bachelor’s degree in engineering, Construction Management, Finance, or a related field

Additional Requirements

• Work Schedule: Hybrid

• Working Conditions:
  • Office-based position with occasional travel to project sites as required (0-5%).
  • Ability to work under tight deadlines and manage multiple priorities.

Pay Rate/Salary

• $130,000 - $150,000 annually