Engineer, Project Cost Estimation (Project Planning & Cost TM - Gas Ops

• Participate in providing Consultancy estimate services to operating divisions. Evaluate variations to contract and participate in techno-commercial appraisal and its finalization. Participate in the preparation of techno-economic and feasibility studies, lifetime cost cycles, project cost risk analysis and update cost data systems.
• Forecast cost and prepare a complete project cost outlook in different classes, types and methods for capital development projects, modifications and maintenance works engineered and/or managed by discipline engineering division to ensure sufficient finding and recommend appropriate budgets for such projects.
• Evaluate variations to contracts and provide cost forecast services to other operating and technical Divisions. Prepare cost-engineering studies, project life cycle costing and cost estimate risk analysis. Provide Cost Estimating support to projects at all stages of the process.
• Prepare project cost estimates for various types of capital development projects and major maintenance schemes in adequate estimate class, details and accuracy and passes, through supervisor, for management approval.
• Prepare cost estimates upon receiving scope of work by projecting historical data to reflect present and anticipated market trends and / or develop cost estimates from first principle by analysis and determining total resources required, i.e. man-hour, manpower, duration, materials and equipment.
• Review project cost estimates produced by consultants and consolidate the same with indirect owners cost to arrive at project budgets.
• Determine construction methods and logistics for implementation and construction schedule to produce activity-duration cost estimates.
• Carry out cost estimates assuming alternative implementation strategies and provides recommendation for most economical options.

• Develop detailed project cost estimates, which is considered as yardstick by which contractor's / Bidder’s tenders are appraised.
• Visit sites to determine methods of construction, manpower and time required to execute the work.
• Provide cost estimates/ breakdown structure and any other information required for the preparation of budgets, cost management plans and business plans.
• Participate as Task Force Member for cost effective feasibility studies, quantified risk assessment and optimization studies for new schemes / modification.
• Evaluate project bids and provide advisory services / cost comparison to asset departments during the construction bids analysis against the cost estimates, to achieve the most economic lump sum prices.
• Participate with project team in producing negotiating strategies and actual involvement in negotiations with contractors until contract finalization and in appraisal / approval of contract variation order for various projects.
• Prepare cost risk customized analysis utilizing appropriate software to determine risk levels of major projects, involving risk quantification and simulations.
• Study and analyse project execution plan, procurement and contracting strategies, construction method statement from mobilizations, through fabrication, installation until final commissioning and project completion, to evaluate / allocate proper budget breakdown against each direct cost element.

ADNOC