Cost Engineer at MODEC in KL Eco City, KL Eco City, Malaysia

OFS Malaysia is a subsidiary of Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company in Malaysia. Being part of Modec means being the protagonist of a challenging career and being in touch with the latest deep-water production systems, knowing that your career begins in Malaysia, but your talent can take you anywhere in the world.

If you want to be one of the greatest in the market, this is your opportunity!

We are currently looking for talented individuals to join us for below role

Cost Engineer

We are currently based at KL Eco City, Malaysia.

Cost Engineering Skills and Knowledge: To have good understanding on the industrial standard cost engineering terminology (Estimate classification, estimate methodologies, estimate review and validation, etc.)

Coordination capability: Coordinate and interface with technical/ commercial professionals, vendors, subcontractors and client to EPCI CAPEX costing within the time frame

CAPEX Estimate: Develop CAPEX cost estimate along with back-up data based on technical/ executional input

Commercial deliverables: Work out commercial deliverables related to CAPEX (e.g. Compensation Form, Basis/ Assumption of CAPEX Estimate, Commercial Qualifications, etc.) to read thru the ITT documents as part of Commercial Bid Proposal

Cashflow Projection: Produce cashflow projection (cash-in/cash-out) based on Project Schedule, Milestone Payment from Company and payment terms by Vendors/ Subcontractors

Cost data analysis: Collect, assort various cost data along with technical information for benchmarking and analyze tendency, correlation or algorithm in order to develop applicable estimate methodologies.

Knowledge of risk management and risk contingency: Define and identify risks in terms of opportunities and threats. To have knowledge of risk management process. To have good understanding on the concept of risk contingency and allowance