Lead Estimation Engineer

Lead Estimation Engineer

We are seeking an experienced and highly motivated Lead Estimation Engineer to lead the estimation function for large-scale EPC projects across the Oil & Gas, Civil, Marine, Power, and Plant sectors. This is a strategic leadership position responsible for delivering accurate, competitive, and commercially viable project estimates while managing a team of estimators and collaborating extensively with project stakeholders.

If you have a strong background in cost estimation, bid preparation, risk assessment, and team leadership within complex EPC environments, we would love to hear from you.

Target Engineering brings 50+ years of experience in EPC and industrial infrastructure. With in-house fabrication, marine expertise, and multidisciplinary capability, we deliver projects with scale, confidence, and care.

At Target Engineering, you’ll work on large-scale energy, marine, and civil infrastructure projects. Join a business with deep technical roots, where your voice is heard, your impact is visible, and your career is part of a legacy of excellence.

As Lead Estimation Engineer you will :

• Lead the preparation of conceptual, preliminary, and detailed cost estimates for major EPC projects.
• Review project specifications, drawings, BOQs, technical documentation, and scope requirements to develop comprehensive estimates.
• Ensure accurate evaluation of direct and indirect costs, labor, equipment, subcontracting, materials, risks, and contingencies.
• Conduct value engineering and cost optimization exercises while maintaining quality and compliance standards.
• Develop competitive bid strategies and support tender submissions.

• Lead, mentor, and develop a team of Estimation Engineers.
• Allocate resources effectively and manage estimation workloads to meet project deadlines.
• Conduct performance reviews, coaching sessions, and training initiatives to enhance team capabilities.
• Promote continuous improvement and knowledge sharing within the department.

• Work closely with Engineering, Procurement, Construction, Project Management, and Commercial teams during the estimating process.
• Coordinate with suppliers, subcontractors, and vendors to obtain quotations and market pricing.
• Validate vendor pricing and ensure competitiveness of procurement inputs.
• Support management and business development teams during bid reviews and client engagements.

• Conduct detailed cost analysis and risk assessments.
• Incorporate appropriate risk allowances and contingencies into project estimates.
• Leverage historical project data, lessons learned, and benchmarking tools to improve estimate accuracy.
• Monitor market movements and assess their impact on project costs.

• Review and approve estimates prepared by team members.
• Ensure estimation methodologies, assumptions, calculations, and supporting documents are properly documented.
• Maintain and update estimation databases, historical cost records, and MIS systems.
• Provide regular progress reports and strategic recommendations to senior management.

• Participate in client meetings, technical clarifications, and bid negotiations.
• Support the preparation of commercial proposals, presentations, and tender submissions.
• Provide expert guidance to ensure client requirements are achieved within budget parameters.

• Bachelor's Degree in Engineering (Mechanical or related discipline), Quantity Surveying, or Construction Management.
• Professional certifications such as AACE, RICS
  , or equivalent are highly preferred.

• Minimum 15+ years of experience in project…