Roles & Responsibilities
Role Purpose
- Lead EPCI CAPEX cost estimate, associated commercial deliverables and establish basis of estimate
- Explain EPCI CAPEX to Project Manager for his authorization
- Reference cost data analysis and benchmarking data development/ update
Key Accountabilities
- To have good understanding on the industrial standard cost engineering terminology in order to establish Estimate Methodology Procedure for the proposal
- Lead coordination and interface with technical/ commercial professionals, vendors, subcontractors and client to EPCI CAPEX costing within the time frame
- Develop CAPEX cost estimate and evaluate its estimate reasonably and logically
- Work out commercial deliverables related to CAPEX (e.g. Compensation Form, Basis/ Assumption of CAPEX Estimate, Commercial Qualifications, etc.) to read thru the ITT documents as part of Commercial Bid Proposal
- Develop cashflow projection (cash-in/cash-out) based on Project Schedule, Milestone Payment from client and payment terms by vendors/ subcontractors
- Collect, assort various cost data along with technical information for benchmarking and analyze tendency, correlation, or algorithm in order to develop applicable estimate methodologies
- Define and identify risks in terms of opportunities and threats.
- To have knowledge of risk management process.
- To have good understanding on the concept of risk contingency and allowance
