Senior Cost Estimator at Daiik Engineering Ltd

Job Purpose and Accountabilities
To deliver and maintain standard, consistent, and realistic cost estimates reflecting the assessed risk parameters for each project. Accountabilities are the following:

• Methodologies and tools for Cost Estimates- Utilise cost methodologies and tools to produce cost estimates including engineering, procurement, construction, commissioning, and start-up scope and costs. Incorporate project complexity factors into project estimates and assemble key input data such as project objectives, scope, and execution plan. Formulate methodologies for deriving quantities from design parameters. Perform scenario comparisons and uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks. Support reviews and assurance of cost estimates. Benchmark against historical performance, industry norms, and established KPIs.
• Assess prospect scope and main components to develop consistent building block estimates (Type-2) for each concept under consideration.
• Translate the identified project scope and engineering deliverables into estimating capital expenditure costs composed of detailed MTOs matched with detailed pricing and construction unit hours (Type-3). Identify areas of uncertainty and apply appropriate allowances.
• Support the Development of detailed project cost forecasts (Type-4). Incorporation of project actuals to date and detailed MTOs matched with detailed pricing and construction unit hours for to-go costs.
• Develop an Estimate Plan detailing how the estimate will be developed.
• Develop an Estimate Basis to document how the estimate was developed.
• Manage Estimating Data- Support process to collect actual cost performance, condition and normalise data for future use, develop metrics and benchmarking information. Support process to store Estimate files in a consistent, secure location.
• Utilise Technical, Economical, Commercial, Organisational & Political (TECOP) profiles to establish appropriate deterministic cost contingency.
• Perform probabilistic cost risk analysis
• Dimensions: Full responsibility for establishing, maintaining, and delivering the management activity for the cost-estimating tools and processes.

Experience And Qualifications

• Engineering or Quantity Surveying Degree and/or Certification as a Cost Estimator or equivalent experience
• Minimum 8 years of industry experience including lead estimator positions.
• Excellent analytical, oral, and written communication skills
• Fully versed with Cost Estimating principles, techniques, and industry-standard tools.
• Good understanding of all phases of the project delivery process.