Cost Engineer (Jurong Island)
2 days ago
Your role
Our major Oil & Energy Downstream Client is looking for Cost Engineer who will be responsible for developing turnaround event budgets a..
Your role
Our major Oil & Energy Downstream Client is looking for Cost Engineer who will be responsible for developing turnaround event budgets and cost estimates for all phases as well as controlling, forecasting and reporting turnaround event costs in all phases.
- Must understand and is responsible for the practical application of enterprise turnaround Standards including, but not limited to:
- AMS Turnaround Work Process
- Turnaround Estimating and Budgeting Recommended Practice
- Turnaround Cost Control Recommended Practice
- Turnaround Finance Standard
- Implements cost management and reporting processes for the T/A execution plan, consistent with the Downstream Turnaround & Finance Standard, and Downstream Recommended Practices in Estimating & Budget, and Cost Control.
- Establishes / complies with the WBS in GSAP / SAP and Primavera. Responsible for setup of each event WBS in the cost forecasting tool, with proper tracking through work orders and purchase orders
- Responsible for the assembly of budgets for all assigned turnaround events, compliant with the recommended practice. Actual data will come from the individual event teams.
- Responsible for assembling the estimates at each phase for each turnaround event including T+6, T-18, T-12, and T-4.
- Responsible for preparation and assemble of pre-spend budgets (FED IP)
- Responsible or preparation and submittal of required cost reports for department and for each event for all phases.
- Develop craft composite rates for estimating purposes, if required
- Responsible for preparation of estimate for prorateables for project allocation
- Responsible for proper application of direct field labor and prorateable definitions in the recommended practice to each estimate
- Responsible for integrating scope growth, addenda, and discovery into the current forecast
- Integrates force report information during execution, including the gate log IT system.
- Responsible to validate all invoices for department, ensure proper coding to required purchase order, approval for payment, entering service entries if required.
- Responsible for reconciliation of cost forecasting tool and accounting tool of record (SAP / GSAP)
- Responsible for closing of each Turnaround WBS to meet Financial Standard requirements including closing POs and Work Orders.
- Application of appropriate contingency for estimate quality (by means of a risk assessment or Monte Carlo approach)
- Sets up Vendor files, with rates, and collect contract T&C’s that impact cost.
- Assist CP with contractor reporting requirements and ensures appropriate language in contracts
- Reviews all PO’s as issued per vendor per resource type and perform T&C analysis
- Assist with training the Client and contractor personnel on reporting requirements and flow process
- Verify other committed cost information against contract T&Cs
- Collect from SAP / GSAP all purchased material, warehouse issues, and outside shop costs
- Enter all committed cost data into cost forecasting tool
- Enter all on-site contractor labor cost from time sheets
- Supervises and direct all activities for support staff including Cost Engineers, Cost Administrators, and clerks assigned to Turnaround Planning
- Approves all invoices to insure compliance with approved contracts and POs, and forwards to Imaging.
- Conducts random quantity survey of daily information received
- Conducts random audit of contractor personnel and compare to field force reports
- Analyzes all cost data, flags troubled areas, communicate all exceptions to budget holders.
- Report “earned value” and productivity of all key contractors.
- Provides Forecast at Completion (FAC), Estimate To Complete (ETC) reports in approved format in a timely manner.
- Responsible for final forecast within 7 days of feed in at T/A completion.
- Participates in the Lessons Learned and Lookback process for select turnaround events.
- Is mindful of and continues to look for opportunities to reduce turnaround scope, and plan and execute with low cost mindset.
- Balances the need for accurate cost reporting with the administration of increased data collection, particularly during execution.
You are what we are looking for if you:
- Have relevant cost engineering and/or project control experience in oil and gas, refinery, or chemical industry
- Have experience in turnaround events in oil and gas industry preferably
- Able to adapt to highly demanding and fast paced job, particularly during execution.
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