Principal Estimator
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Job Description
Job Overview:
The Principal Estimator interprets internal or external business issues and recommends best practices. They will be tasked with solving complex estimating-related problems and will work independently with minimal guidance. The Principal Estimator may be responsible for leading functional teams or projects and is regarded as a specialist in estimating. As such, they must have in-depth expertise in Estimating and broad knowledge of the Estimating discipline within the Project Controls function.
Responsibilities
Key Tasks and Responsibilities:
Essential Qualifications and Education:
Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably.
For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
Job Overview:
The Principal Estimator interprets internal or external business issues and recommends best practices. They will be tasked with solving complex estimating-related problems and will work independently with minimal guidance. The Principal Estimator may be responsible for leading functional teams or projects and is regarded as a specialist in estimating. As such, they must have in-depth expertise in Estimating and broad knowledge of the Estimating discipline within the Project Controls function.
Responsibilities
Key Tasks and Responsibilities:
- Provide guidance and leadership to the Functional Estimators, and Bench Markers
- Ensure that the estimates produced are of the highest quality and technically compliant
- Support and assist the Estimating Manager
- Work with the Proposal team to prepare estimates and bids for clients
- Attend all tender-related meetings
- Understand the Proposal requirements and direct attention to those areas that appear inconsistent or contain a high-risk element FF
- Read the technical documents to prepare a proper estimate
- Gather information and input from functions with support from the project manager
- Consult with Subject Matter Expert (SME) to discuss estimates and resolve issues
- Create an estimate with available benchmarks and from experience before receiving the inputs from functions and evaluate the estimates received from functions against the internal estimate
- Give regular updates to the department manager /immediate supervisor and highlight any concerns about anything that might potentially jeopardize submitting a competitive proposal
- Analyze the cost components that are critical/crucial and seek quotes for those items
- Attend and participate in Bid review meetings, estimate evaluation meetings, Risk assessment meetings, etc., as required
- Analyze and comment on the execution plans of the project
- Prepare a comprehensive Basis of Estimate (BOE) to be discussed and reviewed with managers
- Predict the cost, size, and duration of future Projects is vital to the survival of businesses
- Analyze many inputs to determine how much time, money, and labor a project needs and how profitable it will be, consider several factors, including allowances for wasted material, bad weather, shipping delays, and other factors that can increase costs and lower profitability
- Utilize support from the benchmarking team by analyzing information on the costs from other similar projects and preparing the relevant benchmark report
- Assure that the estimate is:
- Completed promptly
- Cognizant of the Bid ‘Win Strategy’
- Accurate, free of errors, omission, or hidden contingency
- In line with the agreed execution plan
- Evaluate and recommend ways to be more cost-effective or profitable
Essential Qualifications and Education:
- Bachelor’s degree in Engineering is a plus
- 7+ years of experience in a large Engineering, Procurement, and Construction (EPC) company (preferably in estimating, project controls, and data analytics)
- Cost estimation experience, preferably in the Oil & Gas industry at a Senior or Supervisory level
- Willingness to work overtime as necessary to meet deadlines
- Intermediate/Advanced level in Microsoft Office systems, e.g., Excel, Word, PowerPoint
- Accurately evaluate detailed specifications that are crucial to a cost estimator’s success
- Must pay attention to minute details because such details may impact a product’s overall cost
- Must plan their work and work efficiently and accurately
- Must be able to write detailed reports to determine the management decision on the Project Controls approach
- Knowledge of Estimating Software
Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably.
For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
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