Lead III-Cost Estimation

Role Definition

This role is responsible for preparing accurate Class I to Class V cost estimates for EP, EPF, EPC, and LEPC projects by compiling, reviewing, challenging, and analysing cost inputs.

Key Responsibilities

Operational

• Reviews tender specifications, commercial terms and conditions, and engineering documents such as PFDs, P&IDs, and equipment lists to develop accurate cost estimates.
• Demonstrates deep understanding of local and global vendor landscapes and project cost drivers, including high-value items with significant impact on overall project cost.
• Identifies and assesses project risks, calculates contingencies, and performs scenario modelling to support robust cost estimates.
• Aligns with the Proposal Manager on proposal strategy and supports the Sales team in preparing competitive and winning bids.
• Estimates applicable taxes and duties, foreign exchange variations, import/export implications, Incoterm selection, and onshore/offshore split impacts.
• Maintains strong awareness of applicable international codes and standards relevant to project execution and costing.
• Challenges project scope and technical specifications to identify value engineering opportunities and optimize cost competitiveness.
• Applies advanced financial modelling techniques, including NPV, IRR, and sensitivity analysis, to support commercial decision-making.
• Possesses thorough understanding of construction cost estimation and the ability to challenge and benchmark construction costs based on project-specific locations.
• Ensures full compliance with client submission deadlines and internal management requirements for periodic proposal progress reviews.
• Brings expertise in estimating large process plants such as SMR-based Hydrogen, Green Hydrogen, HyCO, SRU, Ammonia, downstream Gasification, Petrochemical plants, storage tanks including cryogenic storage tanks, and modularized plant concepts.
  
  

Stakeholder Management

• Coordinates with various departments to obtain the required inputs for project costing.
• Collaborates with global estimation teams to integrate their inputs into consolidated project cost sheets.
• Coordinates and participates in proposal and costing meetings, working across cultures and functions to drive alignment and final outcomes.
• Demonstrates strong negotiation and cost-challenging skills to achieve competitive techno-commercial outcomes.
  
  

Database Management

• Conducts research and develops, updates, and maintains digital cost estimation databases.
• Develops and maintains benchmark data and estimation norms to support data-driven estimates and improve accuracy, productivity, and efficiency.
• Develops commodity trend analyses and escalation models using relevant market indices.
  
  

Additional Responsibilities

Supports people development by coaching junior colleagues and enabling their smooth integration into the department.

Software Tools & Technology

Proficient in Microsoft Office applications, including advanced Excel, Word, PowerPoint, Power BI, Teams, and digital AI tools used for database development and analysis.

Education & Experience

Bachelor’s or Master’s degree in Mechanical or Chemical Engineering. Candidate should have 16 to 20 years of experience in engineering/EPC organizations, including a minimum of 8 to 10 years of hands-on experience in cost estimation for EP, EPF, EPC, or LEPC projects.