Senior Estimator VI: Strategic Cost Modeling & VE

Wood; Al Khobar; On-site; SAR 350,000 - 550,000; Full time

Benefits offered by this job

Medical Insurance

Employee Assistance Programme

GOSI (Social Insurance)

End of Service Gratuity

Examination Leave

Professional Memberships

Inspire Awards

Long Service Award

Career Development Champions

Job summary

Wood is seeking an Estimator VI for our projects business in Saudi Arabia. The role focuses on conceptual and strategic estimating from FEED through execution, applying methods like parametric, analogous, bottom-up, and vendor quotes, and carefully classifying direct vs indirect costs.

Responsibilities include risk assessment, BOE documentation, collaboration with Engineering, Procurement, Construction, and Commissioning, and opportunities for value engineering, benchmarking against standards,

Qualifications

• Typically requires ISCED level 6 (Bachelor) degree in a relevant technical or business discipline (or equivalent gained through relevant vocational training and/or industry experience)
• Minimum of (15) years of experience
• Having some knowledge of Aramco and non-Aramco procedures.

Responsibilities

• Conceptual and Strategic Estimating: Develop high-level and detailed cost models from early feasibility and FEED stages through execution.
• Methodology Application: Choose and apply proper estimating techniques, including parametric estimating (cost per unit), analogous estimating (historical project data), bottom-up buildup via WBS, and direct vendor quotes.
• Cost Category Breakdown: Segregate direct costs (materials, construction labor, equipment) from indirect costs (engineering services, project management, site overhead, permitting).
• Risk and Contingency Analysis: Quantify project risks and assign appropriate contingency and escalation reserves for market volatility and inflation.
• Basis of Estimate (BOE) Documentation: Document all assumptions, level-of-definition percentages, design limits, and pricing databases used to build the estimate.
• Cross-Functional Collaboration: Work closely with Engineering, Procurement, Construction, and Commissioning managers to verify that designs, lead times, and execution strategies match financial numbers.
• Value Engineering: Propose cost-saving alternatives, material substitutes, or construction methods without lowering project quality or safety.
• Benchmarking and Validation: Cross-reference internal forecasts against industry standards, historical databases, and current regional market trends.

Education

ISCED level 6 (Bachelor) degree in a relevant technical or business discipline

Job description

Wood is seeking an Estimator VI for our projects business in Saudi Arabia. The role focuses on conceptual and strategic estimating from FEED through execution, applying methods like parametric, analogous, bottom-up, and vendor quotes, and carefully classifying direct vs indirect costs.

Responsibilities include risk assessment, BOE documentation, collaboration with Engineering, Procurement, Construction, and Commissioning, and opportunities for value engineering, benchmarking against standards,