Scope of work
Our client are seeking a highly skilled and experienced Senior Cost Estimator with expertise in the fields of Floating Production Storage and Offloading (FPSO), Floating Liquefied Natural Gas (FLNG), and offshore projects. The successful candidate will play a pivotal role in our project management team, responsible for providing accurate and comprehensive cost estimates for both capital expenditure (CAPEX) and operational expenditure (OPEX) related to offshore energy projects.
- Develop detailed cost estimates for FPSO, FLNG, and offshore projects, considering various factors such as materials, labor, equipment, engineering, and contingency.
- Utilize industry-specific knowledge to assess project requirements and compile accurate cost data for CAPEX and OPEX components.
- Collaborate with project managers, engineers, and other stakeholders to analyze project specifications and provide cost-related insights.
- Evaluate technical proposals and feasibility studies to identify potential cost drivers and risks.
- Maintain and update a comprehensive cost estimation database, ensuring that it reflects current market conditions, industry trends, and regional variations.
- Conduct benchmarking exercises to compare cost estimates against industry standards, historical data, and similar projects to ensure competitiveness and accuracy.
- Identify and assess potential risks that may impact project costs, and work proactively to develop risk mitigation strategies.
- Prepare clear and detailed documentation for cost estimates, including assumptions, methodologies, and supporting data.
- Collaborate with other departments to ensure alignment between cost estimates and project schedules.
- Effectively communicate cost estimates to internal and external stakeholders, providing explanations and addressing queries to ensure transparency and confidence in the estimates.
- Stay abreast of industry developments, cost trends, and emerging technologies to continuously improve cost estimation methodologies and accuracy.
- Bachelor's degree in Engineering, Construction Management, or related field. Advanced degree is a plus.
- Proven experience as a Cost Estimator in FPSO, FLNG, or offshore projects.
- Strong understanding of CAPEX and OPEX estimation principles.
- Proficiency in cost estimation software and tools.
- Excellent analytical and problem-solving skills.
- Effective communication and interpersonal skills.
- Familiarity with local and international regulations and standards.
- Ability to work independently and collaboratively in a dynamic project environment.
- Minimum of 10 years of relevant experience in cost estimation, with a focus on FPSO, FLNG, and offshore projects.