Lead – Cost Estimation (Start ASAP)

Key Role & Responsibility - 

To prepare a competitive cost summary report and win a contract

Additional Responsibility - 

1. Microsoft office (Excel, Word, PowerPoint, Teams, etc.)

2. SAP

Technical Knowledge - 

1. Having experience in understanding Tender Documents/ ITB /addendums and check applicability for the scope of work

2. Preparing cost estimates for EPCC Projects for Refinery, Petrochemicals, Oil & Gas, and Hydrogen Technologies & get reviewed/approved by top management (MD & Sr. Management).

3. Check discipline costs estimates with respect to Static Equipment, Rotating Equipment, Packages, bulk material supply of piping, electrical, instrumentation, catalyst, chemicals, civil construction, mechanical erection, and other engineering commodities of Process Plant.

4. Evaluating Risk Assessments for proposals and calculating the contingency for Project Proposals as per Tender Documents

5. Knowledge of ASME and other material codes

6. Updates on prevailing market rates for commodities,

7. Develop and maintain Project cost database, estimation norms, and trends.

8. Must be aware of different types/methods of cost estimation

9. Identify associated risks and determine mitigation actions

10.Comply 100% with various deadlines as set by clients for various submittals and Internal Management for periodic review of Proposal Progress.

11.Cost estimation experience of Hydrogen Plants, Sulphur Recovery Units, Polyethylene/Poly Propylene plants, Petrochemical plants (on an EPC basis in India & SEA) will be an added advantage.

Preferred SkillSet - 

1.Thorough understanding of commercial aspects, tax structure, and its calculation

2. Filling up price schedule as per ITB requirements

3. Calculation of Import / Export Handling costs, Freight & logistics costs.

4. Calculating Net Present Values and Internal Rate of Returns for Process Plants.

5. To communicate with Vendors and negotiate for best offers.

6. Calculate the weight of pipes, pipe fittings, & equipment from drawings

7. To maintain a record of the techno-commercial database.

8.Thoroughly understanding and able to read PFD and P&ID’s

9.Challenge discipline engineers for project scope, consistency, integrity, and others optimization avenues.

10 Challenge over specified specifications to ensure the optimum project cost.

11.Perform quantity/cost verification analysis through various standard norms.

12. Preparation of economic models and presentation. Performing sensitivity analysis.

13. Conducting unit rate analysis for cost estimates to verify and validate the competitiveness.

14. Preparation of cost estimate Risk Analysis to derive the contingencies.

15. Preparation of trend analysis based on market prices for commodity and set up norms for escalations

16.  To provide awareness on cost estimation to department colleagues and other discipline engineers.