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.
