Cost Engineer - Packages

Saipem; Chennai District; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Saipem in Chennai seeks a seasoned Cost Estimator to develop detailed discipline cost estimates and maintain a market-driven cost database. You will support bid cost definition, assist procurement strategies, and verify vendor offers against techno-commercial inputs.

Role requires shaping estimates for utilities and process packages, coordinating with piping, electrical, instrumentation, and civil teams, and ensuring alignment with client specifications. 10–15 years in cost estimating preferred.

Qualifications

• B.E / B. Tech – Mechanical qualification.
• 10-15 years of work experience in cost estimation.

Responsibilities

• Assist the Cost Estimator and the Proposal Manager in the bid cost definition.
• Participate in procurement and commercial strategy definition and identify critical activities and materials to be estimated on vendor quotations basis for MR strategy.
• Verify vendor offers, prepare the techno-commercial evaluation and finalize the cost estimate.
• Coordinate and collect technical data relevant to costing from the department within the Organization.
• Create preliminary cost estimates for materials related to utilities and process packages, including wastewater and power generation.
• Review package layout and interfaces; engage with Piping, Electrical, Instrumentation and Civil disciplines.
• Review detailed BOQ for package equipment provided by vendor; address deviations.
• Attend meetings for techno-commercial bid evaluation; ensure material composition aligns with client specs.
• Liaise with procurement for in-house estimation and benchmarking tools; maintain internal cost database updated with market prices.
• Attend internal and JV cost review meetings; analyze vendor quotations to select best price for bid cost.

Skills

Cost estimation

Cost databases

Education

B.E / B. Tech – Mechanical

Job description

Qualification: B.E / B. Tech – Mechanical

Work Experience: 10-15 years

Job Purpose Develop detailed cost estimate for the assigned specific discipline, maintaining an internal cost database updated with market prices and trends.

Roles & Responsibilities

• Assist the Cost Estimator and the Proposal Manager in the bid cost definition
• Participate in procurement and commercial strategy definition and identify the critical activities and materials to be estimated on vendor quotations basis for the correct definition of the MR strategy for the proposal
• Verify vendor offers, prepare the technical evaluation & commercial bid evaluation based on techno commercial offer received from vendors and finalize the cost estimate
• Coordinate and collect technical data relevant to costing from the department within the Organization.
• Creates preliminary cost estimates for materials related to utilities and process packages, including Wastewater Treatment, Produced Water Treatment, and Power, Water & Steam Generation packages.
• Review of complete package layout and its interfaces
• Engage in discussions with the Piping, Electrical, Instrumentation, and Civil disciplines to fulfill the scope in accordance with the Material Requisition.
• Review of detailed BOQ for complete package equipment provided by Vendor
• Deviations/exclusions provided by vendor in the techno commercial offer shall be reviewed and complete the cost estimate with in-house adjustment with basic engineering
• Attend meeting with Engineering/Management for the Techno commercial bid evaluation
• Ensure the material composition to be in line with the client specification
• For activities or materials to be estimated in-house, liaise with procurement and Bench marking tool to prepare the correct in-house quotation
• Maintain internal cost database updated with market prices
• Ensure the assessment of material cost of all projects based on schedule assigned
• Attend internal and JV cost review meeting
• Analyze the project technical documents and the vendor quotation in order to select the best price to be included in the bid cost estimate

Equipment’s: Utility & Process Packages