Senior Cost Estimator at Amaiden Energy Nigeria

Purpose Accountabilities

• The Senior Cost Estimator is responsible for providing detailed and accurate cost estimates for Real estate facility minor projects.
• The role involves analyzing project requirements, preparing cost estimates, and collaborating with various departments to ensure successful project execution within budgetary constraints.

Key Responsibilities

• Develop precise cost estimates for facility maintenance and minor projects, including materials, labor, equipment, and other associated costs.
• Review project specifications, drawings, and other documentation to understand project scope and requirements.
• Collaborate with project managers and other stakeholders to develop project budgets and ensure adherence to financial constraints.
• Engage with suppliers and subcontractors to obtain accurate pricing information and ensure cost-effective procurement.
• Identify potential cost risks and uncertainties in project estimates and develop mitigation strategies.
• Monitor and track project costs throughout the project lifecycle to ensure alignment with initial estimates and budgets.
• Prepare and present detailed cost reports and analyses to management and project stakeholders, effectively communicating key assumptions and potential risks.
• Utilizing advanced estimating software to generate detailed cost breakdowns and identify potential cost-saving opportunities.
• Identify opportunities for process improvements in cost estimation and budgeting practices.
• Identifying and implementing cost optimization strategies to minimize project expenditure while maintaining quality standards.
• Proactively monitoring market trends and cost fluctuations to maintain competitive pricing.

Job Requirement
Education:

• Bachelor’s degree in Engineering, Construction Management, Technology, or other related field.

Experience:

• Minimum of 5 years of experience in project cost estimation.
• Strong knowledge of construction materials, methods, and industry standards.
• Proficiency in cost estimation software and tools.
• Excellent analytical and problem-solving skills
• Strong communication and interpersonal skills.
• Detail-oriented with a high level of accuracy.
• Ability to identify cost-saving measures
• Proven track record of delivering accurate cost projections

Key Performance Indicator (KPI)

• Accuracy of Cost Estimates: Measure the variance between initial cost estimates and actual project costs, aiming for a variance of less than 5%.
• Budget Adherence: Ensure that at least 90% of projects are completed within the approved budget.
• Timeliness of Estimates: Deliver cost estimates within the agreed-upon timeline for 95% of project requests.
• Cost Tracking and Reporting: Provide accurate and timely cost tracking reports for 100% of active projects.
• Vendor Cost Effectiveness: Achieve cost savings of at least 10% through effective vendor negotiation and selection.
• Process Improvement: Implement at least two cost estimation process improvements annually.
• Stakeholder Satisfaction: Maintain a stakeholder satisfaction rating of 90% or higher regarding cost estimation services.