Cost Estimate and Controls Engineer - Oil and Gas (Contract - Pulau Bukom)

Our Client is a leading provider of chemical and energy solutions in Singapore and the Asia Pacific region. They have a fully integrated refinery and petrochemical manufacturing operation in Pulau Bukom and downstream chemical assets on Jurong Island.

JOB SCOPE

• Develop and maintain accurate and detailed cost estimates (CAPEX and OPEX) for major projects and portfolio projects at all project stages — from feasibility, concept, and FEED through to execution and close-out.
• Work with project teams, discipline engineers, procurement, and contractors to collect data, validate assumptions and integrate technical and commercial inputs into estimates.
• Build and maintain cost models, databases, benchmarks, and norms specific to major and portfolio projects to enhance estimation accuracy and competitiveness.
• Develop and manage project budgets, ensuring alignment with approved funding, project scope, and execution plans.
• Develop Estimate Plan detailing how the estimate will be developed.
• Develop Estimate Basis to document how estimate was derived.
• Establish and implement effective cost control systems to track actual costs, commitments, and forecasts against the approved budgets.
• Provide regular cost reporting to stakeholders, highlighting variances, trends, and forecasts with clear explanations and proposed corrective actions if required.
• Support portfolio prioritization and decision-making by analyzing cost implications across multiple projects and proposing cost optimization strategies.
• Evaluate contractor and vendor proposals for cost compliance, competitiveness, and alignment with project estimates.
• Support risk management by identifying cost-related risks and opportunities and incorporating them into estimates, budgets, and forecasts.
• Collaborate with planning/scheduling, procurement, engineering, and construction teams to ensure integrated project controls across major and portfolio projects.
• Prepare cash flow forecasts to support financial planning and funding approvals.
• Ensure that all cost estimation and control activities adhere to company policies, procedures, and industry standards.
• Contribute to lessons learned, continuous improvement, and the development of best practices in cost engineering for future major and portfolio projects.
• Support development of probabilistic cost analysis.

REQUIREMENTS

• Engineering Degree or equivalent experience with minimum 8 years industry experience.
• Experience in Front-End Engineering and Execution.
• Excellent analytical, oral and written communication skills.
• Good working knowledge of Cost Estimating and control principles, techniques and industry cost estimating / controls tools.
• Practical understanding of all phases of the project delivery process.
• Good networking and influencing skills.