Senior Cost Estimation Engineer

BILFINGER

Abu Dhabi, UAE

Posted
Ref: PP000-17638

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Job description / Role

Job Type
Full Time

Job Location
Abu Dhabi, UAE

Nationality
Any Nationality

Salary
Not Specified

Gender
Not Specified

Arabic Fluency
Not Specified

Job Function
Finance, Business Analysis & Consulting

Company Industry
Engineering Services

Company overview

In the Middle East, Bilfinger is one of the leading service providers of engineering and consultancy services, project management, construction, maintenance O&M and life cycle services. We enhance the efficiency of our client's assets, ensure a high level of availability and reduce maintenance costs. With our 4,000 employees, we are a leading German corporation where engineering excellence, safety and quality are part of our DNA. With four entities in the Middle East (Bilfinger Tebodin Middle East, Bilfinger Deutsche Babcock Emirates, Babcock Borsig Service Arabia, Babcock Borsig Steinmu00fcller Kuwait) and over 10 offices across the region, we offer job opportunities that allow you to utilize all your knowledge and experience.

Are you looking for a chance to put your skills to their best-possible use? Then we have what you are looking for!

Job profile: senior cost estimation engineer

As a senior cost estimation engineer, you will be responsible for performing comprehensive cost analyses and financial evaluations across all project phases, including feasibility study and concept and define stage of the projects. You should have proficiency in economic analysis - NPV, IRR and life cycle cost saving etc.

Familiarity with classifications of cost estimate, ADNOC cost estimation guidelines, and standards is required.

Key responsibilities

Cost estimation:

Prepare detailed cost estimates for various project phases, including feasibility, concept and define stage for all classes.

Conduct CAPEX with detailed breakdown cost for each task in the WBS and OPEX analyses to evaluate project costs.

Proficient in estimating ballpark cost for major equipment across diverse disciplines, demonstrating a comprehensive understanding of cost estimation in various project contexts.

Economic analysis:

Calculate net present value (NPV) to assess project profitability.

Determine annual life cycle savings costs for projects.

Evaluate investment viability through IRR (internal rate of return) calculations.

Assess GHG emissions and GHG abatement costs for sustainability considerations.

Sensitivity and cost risk analysis:

Conduct sensitivity analysis to identify the impact of changes in assumptions on costs.

Consider potential economic risks and their impact on the project.

Supplier/vendor interaction:

Float inquiries to suppliers/vendors and review offers.

Conduct meetings with relevant discipline engineers to gather technical information.

Procedure/report development:

Prepare the cost estimation plan and methodology.

Prepare the detailed cost estimation report as per the client requirements and guidelines.

Prepare the report based on a recommendation on the economic analysis.

Develop procedures for preparing estimates for greenfield, brownfield, onshore and offshore hydrocarbon/power/infrastructure and industrial projects.

Validation and verification:

Examine the scope of work, PFD, plot plan, detailed drawings and project schedule to comprehend the project's scope, essential information for preparing an accurate cost estimate.

Validate and verify estimates using high-level norms, comparing with previous estimates, outcome costs, and vendor prices.

Identify risks and set contingency plans for each stage cost estimate.

Quotations and database management:

Obtain budget quotations from material and equipment vendors and evaluate their costs.

Develop and maintain a comprehensive cost estimation database.

Workshop:

Participate and provide options for cost reduction during value engineering session.

Attend workshops with client and support in CAPEX/OPEX estimation reviews.

Additional exposure/market analysis/membership:

Monitor changes in market prices and advancements in work tools within the technical domain.

Analyze developments to ensure an optimum level of knowledge and estimate costs for future projects.

Preferably a member of a professional cost estimation association.

Knowledge of relevant software for engineering consultancy cost estimation.

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