Project Cost Estimator

Overview

Project Cost Estimator role at The Lubrizol Corporation
.

Location:

Deer Park, TX
• Job type:
Full-time
• Type of role:
Onsite

The Lubrizol Corporation, a Berkshire Hathaway company, is a specialty chemical company whose science delivers sustainable solutions to advance mobility, improve wellbeing and enhance modern life.

Lubrizol seeks to create a positive candidate experience through a consistent, unbiased, and transparent recruitment process while recognizing diverse work and life situations.

• Develop detailed and accurate cost estimates for engineering projects, including materials, labor, equipment, and other expenses.
• Analyze project specifications, drawings, and other documentation to prepare comprehensive cost estimates.
• Review and update cost estimates as project scope changes or new information becomes available.
• Coordinate and manage engineering projects from initiation to completion, ensuring they are completed on time and within budget.
• Work closely with project managers, engineers, and other stakeholders to define project scopes, timelines, and deliverables and track associated costs.
• Monitor project progress, identify potential issues, and implement corrective actions as needed.
• Develop and manage project budgets, ensuring cost control throughout the project lifecycle.
• Track project expenditures and compare them against budget estimates, identifying variances and proposing adjustments.
• Prepare and present financial reports to stakeholders, including cost breakdowns and budget forecasts.
• Maintain comprehensive project documentation, including cost estimates, budget reports, and project schedules.
• Prepare regular status reports on project progress, cost performance, and budget compliance.
• Ensure all documentation is accurate, up-to-date, and accessible to relevant stakeholders.
• Work with vendors and suppliers to obtain quotes and negotiate pricing for materials and services.
• Evaluate vendor proposals and select the most cost-effective options that meet project requirements.
• Maintain relationships with project schedulers, key vendors and suppliers to ensure timely delivery of materials and services.
• Identify potential cost impacting risks and develop mitigation strategies to minimize their impact.
• Monitor and manage cost-related risks, ensuring timely resolution of issues.
• Identify opportunities for cost savings and process improvements in project estimation and management.
• Implement best practices for cost estimation and project coordination.

• Strong hands-on experience on various cost estimation techniques and management skills in chemical/petrochemical industry environment.
• Ability to collaborate effectively with cross functional teams leading the cost estimation and tracking.
• Ability to communicate with internal and external stakeholders and work in a team environment.
• Ability to look for deviations from the original cost estimate and take mitigation measures as required, while keeping up all the necessary documentation.
• Ability to understand industry best practices in cost estimation and project scheduling and adopt in cost estimation.
• Stay updated on industry trends, standards, and advancements in cost estimation methodologies.
• Ability to coach and mentor junior engineers and new comers on cost estimation process and techniques.
• Attention to details and ability to think through in providing service to stake holders from front end planning to project close out.
• Communicate with the diverse and cross functional stakeholder community.
• Work with a global team in remote places and collaborate as needed.
• The ability to keep up the necessary analytical skills on pace with the industry developments and lead by example.
• Ability to juggle on multiple projects and assignments without losing focus on the priority.

• Associates or Bacholers in Engineering Project Management or equivalent degree in related field and/or with demonstrated equivalent industry experience in the area of project cost estimation.
• 5+ years of hands-on working experience as project estimator/coordinator, cost controller in a similar role within engineering environment. Experience…