Cost Estimator at International Energy Services Limited (IESL)

Job Purpose / Objective 

• To provide Company with cost management services including preparation of cost estimates and post projects contract cost management support to aid management make informed decisions at various value assurance gates, minimize successful contractual claims, achieve value for money, contribute to company’s good corporate image, meet projects objectives and ultimately contribute to achievement of Cost Leadership in the management of PD CAPEX projects and budget.

MAIN ACCOUNTABILITIES 

• Produce timely and quality cost estimates for CAPEX budget planning, project screening and investment decisions in line with Departmental Key Performance Indicators (KPIs) to achieve value for money and Cost Leadership for CAPEX Projects.
• Identify & Assess prospect scope and main components to develop consistent "building block" estimates (Type1-2) for each concept under consideration.
• Translate the identified project scope and engineering deliverables into the estimate of capital expenditure costs for design, procurement, construction, installation, commissioning and start-up of the hardware elements (Type-3). Estimate composed of detailed MTOs matched with detailed pricing and construction unit hours. Identify areas of uncertainty and apply appropriate allowances.
• Development of detailed project cost estimate (Type-4). Incorporation of project actuals to date and detailed MTOs matched with detailed pricing and construction unit hours for to-go costs.
• Develop Estimate Basis to document how estimate was developed.
• Provide input to Probabilistic Cost & Schedule Risk Analysis
• Contribute to Estimating Data- Collect actual cost performance and benchmarking information.
• Perform uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks.

JOB REQUIREMENTS 

Education 

• A recognized Engineering/Tech degree in relevant discipline is required for the job. Certification as a Cost Estimator will be an added advantage.

Experience 

• Minimum of 5 years post-graduation experience, 3 of which should be in estimator positions on Gas/Oil/Production/Tech Projects. 
• Process Engineering estimating experience with vast knowledge of process plants will be an added advantage
• Knowledge of Cost Estimating principles, techniques, and industry standard tools (AACEi)