Senior Principal Estimator

Job Overview:

The Senior Principal Estimator - Subsea is responsible for addressing complex and technically challenging estimating problems that impact project execution and commercial strategy. This role requires expertise in subsea construction, including SURF, EPCI, and installation campaigns. They will proactively lead the development of competitive, accurate estimates and guide estimation strategy across high-value projects. The Senior Principal Estimator brings advanced knowledge of offshore methodologies, vessel spreads, global supply chain dynamics, and regional market benchmarks. This role supports key tendering decisions and ensures estimates reflect both client requirements and commercial realities. It demands conceptual and innovative thinking, strong cross-functional collaboration, and the ability to influence project direction within Project Controls and beyond.

Essential Qualifications and Education:

• Bachelor's degree in Engineering is a plus
• 10+ years of cost-estimating experience in the Oil and Gas & Energy industry
• Cost estimation experience, preferably in the Oil & Gas industry at a Senior or Supervisory level
• Willingness to work overtime as necessary to meet deadlines
• Intermediate/advanced level in MS Office systems, e.g., Excel, Word, PowerPoint
• Accurately evaluate detailed specifications that are crucial to a cost estimator's success
• Must pay attention to small details because such details may have a significant impact on a product's overall cost
• Must plan their work and work efficiently and accurately
• Must be able to write detailed reports to determine the management decision on the Project Controls approach

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Key Tasks and Responsibilities:

• Provide guidance and leadership to the Functional Estimators and Benchmark Estimators
• Ensure that the estimates produced are of the highest quality and technically compliant
• Support and assist the Estimating Manager
• Work with the proposal team to prepare estimates and bids for clients
• Attend all tender-related meetings
• Understand the proposal requirements and direct attention to those areas that appear inconsistent or contain a high-risk element
• Read the technical documents to prepare a proper estimate
• Gather information and input from functions with support from the project manager
• Consult with Subject Matter Experts to discuss estimates and resolve issues
• Create an Estimate with available benchmarks and from experience before receiving the inputs from functions and evaluate the estimates received from functions against the internal estimate
• Give regular updates to the department manager/immediate supervisor and highlight any concerns about anything that might potentially jeopardize submitting a competitive proposal
• Analyze the cost components that are critical/crucial and seek quotes for only those items. Other items to be costed internally
• Attend and participate in Bid review meetings, estimate evaluation meetings, Risk assessment meetings, etc.
• Analyze and comment on the execution plans of the project
• Prepare a comprehensive Basis of Estimate (BOE) to be discussed and reviewed with managers
• Accurately predict the cost, size, and duration of future Projects is vital to the survival of businesses
• Analyze many inputs to determine how much time, money, and labor a project needs and how profitable it will be, consider several factors, including allowances for wasted material, bad weather, shipping delays, and other factors that can increase costs and lower profitability
• Utilize the support of the benchmarking team by analyzing information on the costs from other similar projects and preparing the relevant benchmark report
• Assure that the estimate is:
• Completed promptly
• Cognizant of the Bid 'Win Strategy'
• Accurate, free of errors, omission, or hidden contingency
• In line with the agreed execution plan
• Evaluate and recommend ways to be more cost-effective or profitable

The Senior Principal Estimator is recognized as a specialist in estimating at McDermott. They can anticipate internal and external business challenges and regulatory issues and recommend process, product, or service improvements.