Principal Project Controls Estimator

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The Principal Project Cost Estimator is responsible for overseeing the estimation process, ensuring the accuracy and rigor of cost estimates, mentoring less experienced estimators, and serving as a trusted advisor to both project management teams and executive leadership. This role requires a blend of technical expertise, strategic thinking, and leadership skills, ensuring that complex projects are both financially viable and delivered on budget.

Position may be required to work extended hours for coverage during storms or other energy delivery emergencies.

• Lead the estimation process for complex and high-dollar transmission, substation and distribution projects, including PJM projects for all phases of projects in WBS format with the required assumptions to support current and LRP budget. Review project plans, diagrams, and specifications to develop comprehensive understanding of project requirements. Collaborate with project managers, engineers, and other stakeholders to define project scope and identify deliverables and milestones and facilitate estimate challenge meetings.
  
  Develop detailed cost breakdown structures and determine the accurate labor, material, equipment, and subcontractor requirements needed and allocate appropriate costs to the project estimate.
• Perform detailed cost modeling and variance analysis. Utilize industry standard and propriety cost models, databases, and estimation tools to forecast or estimate the overall project costs. Conduct ongoing market research to stay current on trends in materials, labor, materials and equipment pricing. Compare estimates against historical data, industry benchmarks, and similar projects to validate cost assumptions. Identify potential risks and uncertainties and incorporate contingencies into cost estimates.
  
  Evaluate and implement changes that reduce errors related to estimate versus actual cost.
• Review and validate estimates for quality assurance. As directed by senior manager, peer review the cost estimates of team members to ensure thoroughness, accuracy, and compliance with company standards and project expectations. Analyze past project costs and outcomes, incorporating lessons learned to refine estimation practices. Establish and help enforce protocols for quality assurance throughout the estimation process.
• Support training and onboarding of new hires on estimation processes and steps. Serve as a mentor to junior estimators, fostering a collaborative and high-performing work environment. Develop and apply estimating methods that support ongoing improvement in project cost estimation through analysis of data and identification of trends. Update and maintain project estimating documentation to reflect.
• Ensure project estimates comply with applicable industry standards, management models, and other…