Utilizing industry best practices, prepare bottoms up cost estimates for Substation, Transmission, Distribution and Gas projects.
Perform field walk downs with Project Team to identify potential cost bearing issues at the project site which will impact the detailed estimate.
Utilize most detailed documentation available per each phase of the project estimate (phase 1, 2 and 3) for continuous refinement of expected project costs.
Develop and organize estimates and analysis for both internal and external use.
Perform analysis of project actuals against latest estimates and incorporate results into estimating methodology to ensure continuous improvement of estimate accuracy.
Contribute to the development of short-term and long-range business planning.
Provide detailed process and cash flow based on estimate assumptions to aid in the development of the project baseline.
Provide analytical and operational support to the business unit.
Research and provide statistical estimate and performance information.
Manage estimating queue to ensure meeting estimating deadlines.
Maintain and update labor and material cost / unit price database utilized for project estimate creation.
Position may be required to work extended hours for coverage during storms or other energy delivery emergencies.
Support and contribute to the development of Phase 1, 2, and 3 project cost estimates in WBS format with all required assumptions that support development of current and LRP budgets. Prepare standard WBS estimates and assumptions with documentation of confidence factors ranging from study to construction phases of project. Direct impact on budget is substantial. This position has a direct impact on the Company's performance regarding capital spend LRP
Conduct modeling, forecasting, trending, variance analysis, and other estimate-related financial and implementation analysis. Track, maintain, analyze and provide current estimating information on scorecard or key performance indicators (KPIs). Prepare, update and maintain standard material and labor unit costs to support estimate creation and database updates.
Develop unit cost and parametric estimate range for standard scope of work. Continuously analyze and update parametric values reflecting current trends and costs.
Update estimates for each phase approval with current documentation and meeting information. Conduct estimates peer reviews prior to estimate issuance. Perform engineering drawing reviews, general analysis and prepare reports to support business operations.
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Work with Project Managers to ensure that estimates are properly understood, challenged and reviewed. Prepare for and facilitate estimate challenge meetings with all stakeholders (Planning, Engineering, Project Manager, Construction Manager, etc.) to ensure that all stakeholders have had an opportunity to provide critical feedback. Strong understanding of utility operations including Transmission, Gas, Substation and Electrical Distribution. Demonstrated ability to effectively facilitate meetings, problem solve and drive to resolution. Ability to handle conflict. Interfaces as required with category owners, resource management and financial management.
Prepare for and facilitate contractor estimate (or bid) challenge meetings. Prepare side by side analysis of estimates upon request to provide lessons learned, variance analysis and to generate parametric values.
This is an individual contributor position that woks under general supervision and frequently performs non-routine work. This position is expected to resolve most questions and problems through interaction with internal and/or external stakeholders, executives, directors, managers, and staff across the organization, and refers only the most complex issues to higher levels. The position regularly mentors less experienced colleagues.
May require working extended hours and/or shift work to support business operations.
Bachelor's degree in Business, Financial or Technical Field.
4-7 years relevant experience, or in lieu of Bachelor's degree, 6-9 years relevant experience is required.
Ability to build a high level or detailed estimate from a Project Diagram, detailed design, or verbal Scope of Work
Ability to effectively interface with all levels of management
Ability to facilitate project meetings with all stakeholders in office or field environment to develop a project estimate
Strong understanding of applicable standards, methods, processes and practices, business fundamentals, and performance metrics in the electric and gas, distribution, transmission, and substation areas
Produce detailed total project estimates with an expected accuracy range of +/-10% of the actual cost of the completed work for a phase 3 estimate
Produce detailed total project estimates with an expected accuracy range of +/-10% of the actual cost of the completed work for a phase 3 estimate
The definitive estimates are used primarily for bidding work or evaluating contractors' bids. This type of estimate is to be used to perform cost variance analysis on a project
A project walk down must have been complete prior to an estimate completion
Create project estimates up to a cost of 300 million
The estimate must be in a format that is easily transferable to the cost analyst for DFF and WPT loading
Prepare detailed analysis between older estimates and recent ones to determine the exact cost differences and communicate the reasons to executive level budget approvers
Strong understanding of design drawings and detailed engineering and construction prints. The ability to calculate job requirements from design documents, including quantities, resource hours, duration, limitations, etc.
General proficiency in standard software applications (e.g., Microsoft Word, Excel, Access, PowerPoint, Project), specialized business technologies and applications (e.g., workforce management, project management, Asset Suite 8, Brio, CIS, EPS, Business Objects, SAP planning, business modeling, forecasting, work management, outage management) to retrieve and analyze data in support of business needs. Expert understanding and ability in Excel, good understanding of InEight EU Estimating Tool and the estimating component of Asset Suite 8
Ability to provide detailed analysis and apply managerial accounting concepts, customer intelligence gathering, forecasting, staff planning, scheduling, analytical and statistical problem solving, financial, accounting, business and budget analysis
Advanced analytical skills for project evaluation including analysis of projects with economic, financial, risk and decision analysis. Ability to quickly estimate several scenarios to determine least cost technical solution
Customer driven with excellent oral and written communications skills and general analytical, problem solving and project management skills. Strong knowledge of the practices, procedures and principles of performance analysis (trending, root cause and gap analysis) benchmarking and audit compliance
Ability to analyze organizational data and problems, interpret and recommend alternative courses of action, and implement intervention strategies to attain performance targets
Bachelor's degree with some relevant post-undergraduate coursework.
4-7 years estimating experience in electric / gas transmission, distribution, and substation industry
Professional estimating certification (AACEI, ASPE, or SCEA)
Knowledge of or experience with estimating software
Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $86,400.00/Yr. – $118,800.00/Yr.
Annual Bonus for eligible positions: 15%
401(k) match and annual company contribution
Medical, dental and vision insurance
Life and disability insurance
Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave
Employee Assistance Program and resources for mental and emotional support
Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
Referral bonus program
And much more
About ComEd
Electric Power & Utilities6600 employeesFounded 1907
Exelon-owned electric utility delivering power to roughly 4 million Northern Illinois homes and businesses.
