Cost Estimation Engineer

7 days ago


Mumbai, Maharashtra, India LyondellBasell Full time
Job Title: Cost Estimation Engineer

LyondellBasell is seeking a highly skilled Cost Estimation Engineer to join our team. As a key member of our estimating team, you will be responsible for conducting complex conceptual and order of magnitude capital cost estimates.

Key Responsibilities:
  • Conduct complex conceptual and order of magnitude capital cost estimates
  • Review design scope criteria and develop quantities for undefined scope assumptions in coordination with other stakeholders and departments
  • Prepare estimate basis and assumption documentation
  • Review basic software generated estimates for completion and technical accuracy
  • Participate in establishing pricing structures to be applied to quantities for estimates
  • Take a lead role in estimate reviews and presentations
  • Understand craft productivity, current market pricing in related areas, and knowledge of construction practices in local work regions
  • Prepare cost studies utilizing historical data, statistical analysis, and quantity comparisons
  • Develop new techniques as required to meet specific needs
  • Convert estimates into project budgets with execution team clearly communicating assumptions and rationale
  • Assist project teams in identifying scope deviations
  • Analyze cost/price data from suppliers/contractors
  • Participate in and contribute to Value Engineering studies
  • Understand cost index and escalation projections
  • Knowledge of global market pricing and construction practices
  • Knowledge in the use of technology for executing work processes
  • Demonstrated ability to readily analyze estimate data and correlate to other projects
  • Ability to build a conceptual estimate with minimal engineering documents
  • Understanding of relevant commercial influences, commercial terms, etc.
  • Understanding risk, where risk can exist, factors contributing to risk, risk management and categorization, and terms in risk management
  • Ability to read and understand engineering deliverables, such as P&ID's, pipe specs, electrical one-lines, other design drawings
  • Ability to read and interpret documents such as safety rules, operating and maintenance instructions, etc.
  • Ability to write routine reports and correspondence
  • Ability and willingness to multi-task and prioritize several projects while completing assignments
  • Must be well organized and possess the necessary skills to effectively communicate in both verbal and written forms
  • Must be able to work both independently without continual oversight and direction, as well as in a team environment
  • Ability and willingness to conduct or participate in a field trip to an operating plant or project site
Minimum Qualifications:
  • Bachelor's degree in engineering
  • 8+ years of estimating experience in Oil & Gas / Chemical industry
  • A minimum of 5+ years of experience using Aspen Capital Cost Estimator (ACCE) [aka Icarus K-base], preferably used in a multi-discipline capacity
  • Experience in EPC estimating practices and methods, including demonstrated ability to organize, direct, perform, review and present cost estimates with minimum supervision
  • Thorough technical and practical comprehension of engineering, procurement, and construction methodologies
  • Must have advanced computer expertise, Microsoft Excel, Work, Access with the ability to create/work in complicated spreadsheets and databases
LYB Competencies:
  • Build Partnerships
  • Deliver Results
  • Drive Innovation
  • Grow Capabilities
  • Promote Inclusion
About LYB:

LyondellBasell is a leading global chemical company with a strong commitment to innovation and sustainability.



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