Cost Estimation Engineer
Qatar, Mesaieed, Doha
Fulltime: 45 hrs a week
Experience: > 10 Years
Conventional Energy
Introduction
- The Cost Estimation Engineer is responsible for preparing, reviewing, and maintaining accurate cost estimates for Major Projects, ensuring alignment with project budgets, forecasts, and financial policies.
- The role supports the Project Team by providing detailed cost analysis, monitoring expenditures, and delivering timely reports to enable informed decision-making and effective financial control throughout the Project lifecycle.
- Awareness of Integrated Management Systems (Quality; Environment; Occupational Health & Safety; Responsible Care; & Energy Management Systems and IFA Product Stewardship)
- Comply with all the relevant policies and procedures of Integrated Management Systems
- Ensure that Project HSEQ requirements take the highest priority and actively implemented in Project day to day activities.
What are you going to do
- Cost Estimation
- Serve as the primary liaison, along with Senior Cost Estimation Engineer, between Major Projects and Finance & Commercial Divisions for all cost estimation matters.
- Prepare, review, and coordinate project cost estimates for all phases, ensuring alignment with budgets, forecasts, and contract requirements.
- Deliver reliable cost estimates benchmarked against historical data and market trends, validated through collaboration with engineering, procurement, construction, and commissioning teams.
- Ensure estimates are comprehensive, accurate, and reflect the latest project scope, market conditions, and contractual obligations.
- Prepare detailed cost estimates for negative variation orders resulting from scope deletions, ensuring accurate quantification of cost savings and alignment with contractual provisions.
- Evaluate and analyze variation order requests received from EPCC Contractors, verifying validity, accuracy, and compliance with contract terms before making recommendations to project management.
- Cost Database Maintenance
- Develop, maintain, and regularly update a structured cost database containing historical project data, unit rates, productivity norms, and vendor/supplier pricing.
- Ensure the integrity, accuracy, and security of cost data, enabling efficient retrieval and use for future estimates.
- Periodically audit and validate database entries to ensure relevance and reliability.
- Develop, implement, and continuously improve standardized cost estimation templates and tools to ensure consistency, accuracy, and efficiency across all project estimates.
- Customize templates to accommodate project-specific requirements, contract types, and reporting needs.
- Train project team members on the effective use of templates and tools.
- Change Management & Claims Support
- Evaluate cost impacts of scope changes, variation orders, and non-conformance reports (NCRs).
- Support Project Management in the assessment and documentation of claims and disputes.
- Maintain a Change Log and ensure traceability of all cost-related changes.
- Monthly Reporting
- Support the Senior Cost Estimation Engineer in project cost estimation and reporting and maintaining detailed records.
- Assist project team members in analyzing cost estimation related information.
- Continuous Improvement & Decision Support
- Act proactively within the area of responsibility, proposing effective solutions and supporting Project Management decision-making.
Essential skills and knowledgeÂ
- Bachelor’s Degree (12+4 years).
- Candidate must have the same educational background.
- Candidates should have a minimum of 7 years' work experience, with at least 3-5 years spent working on major projects.
What we offer
- Salary:
- Monthly Rate in QAR (All inclusive)
- Work Schedule:
- 9 Hours / 6 Days
- Duration:
- 2 years, renewable
- Location:
- Qatar