Cost Estimator

Job title: Cost Estimator

Company: Timenow LLC


Job description: Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Training & development
• Vision insurance
• 401(k) matching

Join Our Team: Cost Estimator at TimeNow, LLC.Job SummaryTimeNow, LLC seeks a detail-oriented and experienced Cost Estimator to join our dynamic team. The successful candidate will prepare accurate project cost estimates, analyze requirements, and ensure cost-effective solutions. This role involves close collaboration with project managers, engineers, and other stakeholders to deliver high-quality projects on time and within budget.Position Title: Cost EstimatorLocation: Pasadena – TX (hybrid)
Salary: $130,000 – $150,000/yr.Job Summary: The Cost Estimator is responsible for developing accurate and comprehensive cost estimates for Petrochemical Capital Projects across all phases (FEL-1, FEL-2, FEL-3). This role ensures that cost estimates are prepared by the company’s global standards and procedures, providing critical support for project planning, budgeting, and decision-making.Key Responsibilities:Estimate Development:

• Prepare cost estimates using industry-standard techniques and software (e.g., Clarity System, Aspen Capital Cost Estimator).
• Develop estimates for all project phases, including Order of Magnitude, Parametric, and Bottom-Up estimates.
• Ensure estimates are based on accurate and up-to-date information, including engineering data, historical costs, and market conditions.
• Communicate the estimated basis to stakeholders to ensure transparency and understanding.

Contingency and Allowances:

• Determine appropriate contingency levels based on project phase and risk analysis.
• Include allowances for known but undefined needs and accurately reflect them in the estimates.

Cost Breakdown Structure (CBS):

• Develop and maintain detailed cost breakdown structures in alignment with the project’s work breakdown structure (WBS).
• Ensure estimates are coded according to the agreed CBS for accurate tracking and reporting.

Knowledge Management:

• Collect and analyze historical project cost data to improve the accuracy of future estimates.
• Document lessons learned and share best practices with the estimating team and other stakeholders.

Collaboration and Communication:

• Work closely with project managers, engineering teams, procurement, HES (Health, Environment, and Safety) specialists, and other stakeholders to gather necessary information and validate estimates.
• Participate in project meetings and technical reviews to provide cost estimation insights and support decision-making.

Qualifications:

• Bachelor’s degree in Engineering, Construction Management, or a related field.
• 7+ years of experience in cost estimating for capital projects, preferably in brownfield projects in the chemical, oil and gas, or related industries.
• Proficiency in cost estimating software (Aspen Capital Cost Estimator) and Microsoft Office Suite (Excel, Teams) is preferred.
• Strong analytical and mathematical skills, with attention to detail and accuracy.
• Excellent communication and interpersonal skills, with the ability to work collaboratively in a team environment.
• Knowledge of industry standards and best practices in cost estimating (e.g., AACEI guidelines).

Preferred Qualifications:

• Certification from a recognized professional organization (e.g., AACEI Certified Estimating Professional).
• Experience with project management methodologies and tools (e.g., Clarity PPM, Primavera P6, FEL Stage Gates, ERP systems like SAP).

Working Conditions:

• Office-based position with occasional travel to project sites as required (0-5%).
• Ability to work under tight deadlines and manage multiple priorities.

Benefits:

• Competitive salary and benefits package.
• Opportunities for professional growth and development.
• Collaborative and innovative work environment.

At TimeNow, LLC, we value dedication and a passion for excellence. If you possess these attributes and are looking for a flexible, part-time role, apply to join our supportive and professional environment today!Flexible work from home options available.

Expected salary: $120000 – 150000 per year

Location: Houston, TX

Job date: Mon, 31 Mar 2025 03:47:33 GMT

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