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naukri

Engineering Specialist

Saudi Aramco (ASC)
Saudi Arabia, KSA
Contract
Lead
2 days ago
Cost EstimatingProject ManagementAACE International StandardsUnit RatesParametric EstimatingBottom up Estimating
Free

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Cost EstimatingProject ManagementAACE International Standards
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Overview

  • We are seeking an Estimating Lead to join the Estimating Services Division of the Project Management Office Department (PMOD) within the Engineering Services Organization.
  • Estimating Services are responsible for supporting the development and preparation of accurate, reliable, and consistent cost estimates for capital projects.
  • The Estimating Lead will prepare estimates of probable costs of materials, labor and equipment, and subcontracts for construction projects based on contract bids, quotations, drawings and specifications.

Key Responsibilities

  • Prepare, review, and validate cost estimates at various project stages—conceptual, preliminary, and detailed design—ensuring compliance with company guidelines.
  • Use historical data, vendor quotations, and engineering inputs to develop estimates with defined accuracy levels (e.g., Class 4 to class 1 estimates).
  • Collaborate with engineering and project teams to understand and interpret project scope and deliverables.
  • Identify specialty items (e.g., licensed equipment, DCS systems, exotic materials) and ensure they are appropriately included in the estimate.
  • Liaise with execution agency to secure quotations for equipment and bulk materials, adhering to minimum quotation requirements based on project value.
  • Validate in house pricing data or adjust based on current market conditions.
  • Ensure the Estimate Package includes all required documentation such as scoping documents, conceptual drawings, MTOs, vendor quotations, and risk registers.
  • Participate in reviews and approvals at various stages (e.g., Gate 1, Gate 2, etc.).
  • Identify cost risks and propose appropriate contingency levels based on project complexity and scope definition.
  • Ensure all estimates adhere to Saudi Aramco Work Breakdown Structure (WBS) and other internal standards.
  • Generate cost reports to track budget performance and forecast final execution costs.

Minimum Requirements

  • A Bachelor degree in Engineering (preferably Mechanical, Chemical, or Electrical).
  • A minimum of 10 years experience in cost estimating within the oil & gas, energy, or industrial sector.
  • Proven experience in preparing conceptual, preliminary, and detailed design estimates.
  • Strong understanding of international estimating guidelines such as AACE International (Association for the Advancement of Cost Engineering).
  • Proficient in estimating tools and methodologies including unit rates, parametric estimating, and bottom up estimating.

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