W

Wood

Global energy engineering and project services

PMC Lead Cost Estimation Engineer

Corporate Finance & FP&APosted on Nov 11
Full-timeAbu Dhabi - United Arab EmiratesNo salary listedIn-person

About the Job

Requirements

  • A bachelor's degree in Engineering, preferably in Mechanical, Civil, Electrical, Chemical, or a related discipline, from a recognized university.
  • At least 15 years of relevant cost estimation and cost engineering experience within the oil and gas, petrochemical, or energy industries.
  • At least 5 years of experience in a lead or senior cost estimation engineering position, preferably within a PMC or consultancy environment.
  • Proven experience working on major upstream, downstream, offshore, onshore, pipeline, refinery, gas processing, or petrochemical projects.
  • Demonstrated experience preparing, reviewing, validating, and benchmarking CAPEX estimates across conceptual, FEED, and EPC project phases.
  • Strong working knowledge of ADNOC standards, specifications, project procedures, and cost estimation requirements is highly desirable.
  • Extensive knowledge of factored, parametric, unit-rate, quantity-based, and detailed bottom-up cost-estimating methodologies.
  • Sound understanding of engineering, procurement, construction, installation, commissioning, and project execution methodologies.
  • Proven experience reviewing EPC contractor estimates, commercial proposals, cost breakdowns, and supporting estimation documentation.
  • Strong knowledge of cost databases, market rates, productivity norms, material pricing, equipment costs, indirect costs, contingency, and escalation factors.
  • Familiarity with cost estimation and project controls software and tools, including Microsoft Excel and relevant estimating applications.
  • Strong analytical, numerical, problem-solving, reporting, and presentation skills.
  • Ability to communicate and manage stakeholders effectively, interfacing with ADNOC representatives, PMC teams, EPC contractors, and other project stakeholders.
  • Ability to lead multidisciplinary teams, manage competing priorities, and deliver high-quality estimation outputs within demanding project schedules.

Responsibilities

  • Lead, coordinate, and manage all cost estimation activities within the PMC organization for ADNOC projects across various project phases.
  • Review and validate cost estimates prepared by EPC contractors, engineering consultants, and other project stakeholders to ensure accuracy, completeness, consistency, and compliance with project requirements.
  • Develop and maintain project cost estimates, including CAPEX, engineering, procurement, construction, installation, commissioning, indirect costs, contingency, and escalation.
  • Ensure estimates are developed in accordance with ADNOC standards, project specifications, approved procedures, and recognized international cost engineering practices.
  • Review project scope, design basis, engineering deliverables, material take-offs, bills of quantities, equipment lists, and other technical inputs to establish reliable cost estimates.
  • Establish and maintain appropriate estimating methodologies, norms, productivity rates, cost databases, benchmarks, and historical cost information.
  • Prepare and review cost estimates at conceptual, feasibility, budgetary, preliminary, definitive, and detailed stages.
  • Assess contractor and subcontractor cost proposals, pricing breakdowns, resource rates, quotations, and commercial assumptions.
  • Coordinate with engineering, procurement, construction, planning, project controls, and contracts teams to ensure consistency of technical and commercial inputs in cost estimates.
  • Conduct cost benchmarking against similar ADNOC and international oil and gas projects to validate estimate assumptions and identify cost improvement opportunities.
  • Perform cost risk assessments, sensitivity analysis, contingency evaluations, and escalation assessments to establish realistic project cost provisions.
  • Identify potential cost-saving opportunities, value engineering initiatives, alternative technical solutions, and cost optimization measures without compromising safety, quality, or project requirements.
  • Monitor changes in project scope, design development, market conditions, and procurement strategies and assess their impact on project cost estimates.
  • Provide independent cost assurance and challenge estimates submitted by EPC contractors and other project stakeholders.
  • Prepare and present cost estimate reports, basis of estimates, cost breakdown structures, assumptions, exclusions, qualifications, and supporting documentation for management and ADNOC review.
  • Support project sanctioning, budget approval, funding reviews, tendering, contract negotiations, and project cost benchmarking activities.
  • Ensure alignment between cost estimates, project schedules, procurement strategies, construction methodologies, and execution plans.
  • Lead and mentor cost estimation engineers and specialists, ensuring the quality and timely delivery of estimation activities.
  • Participate in project review meetings, technical evaluations, risk workshops, value engineering sessions, and cost optimization meetings.
  • Ensure all estimating deliverables are properly documented, reviewed, controlled, and submitted within agreed project schedules.
  • Provide professional cost engineering advice to the PMC Project Manager and ADNOC stakeholders on estimate maturity, cost exposure, uncertainties, and potential financial risks.

Desired Qualifications

  • AACE Certified Cost Professional (CCP) certification or equivalent.

About the Company

Wood

Global energy engineering and project services

Wood is a global engineering and consulting firm that provides project management, engineering, and technical services for energy and materials markets, including oil and gas, renewables, and environmental work. Its approach combines engineering know-how with program management to plan, design, build, and optimize large projects. The firm differentiates itself through a long track record of growth via organic expansion and major acquisitions, notably the Amec Foster Wheeler merger, creating an integrated portfolio from traditional energy to sustainability consulting. Its goal is to help clients navigate the global energy transition by delivering reliable project delivery at scale and sustainable value in international energy services.

Company size
10,001+
Company stage
IPO
Headquarters
Aberdeen, United Kingdom
Founded
1912

Recently Posted Jobs

Explore more opportunities at Wood

See more jobs