One example is the Sakhalin II project, a new offshore platform on Russia’s Pacific coast. As the world’s largest integrated oil and gas project, it boasts resources totaling approximately 4 billion barrels of oil equivalent. However, last year, projected costs surged from $10 billion to $22 billion, driven by rising raw material expenses and contractor overruns.

Additional factors cited as sources of the large overrun include an unrealistically low contingency in the cost estimates, lack of hedging for foreign currency losses, and the difficulty of operating in such a remote location.

• Ensure the optimization of design and development, considering the alignment of resources (people, materials, access, permissions) with exact cost and time ranges at the front end of the project and program lifecycles.
• Ability to create structured, well-planned, and organized programming designs.
• Represent owner in construction cost negotiations and reconciliations with contracting firms.
• Interface with Project Engineering, Purchasing, and other Project representatives to communicate estimating activity.
• Familiarity with unit rates and demonstrated knowledge of cost engineering principles.
• Great at negotiating skills to represent the Client’s interest in discussions with third-party EPC firms, vendors, and construction contracts about project costs.
• Coordinate and work with the project management in the oil and gas team to resolve issues to ensure the delivery/completion of the project work.
• Attend project meetings and discussions with the PMT and external client.
• Proficient in construction contract administration policies, procedures, and concepts, including change orders and contract amendments.
• Driving supply, production, and logistics optimization, including inventory, yield loss, and energy efficiencies, and maximizing the Company’s profitability for a product category.

• Manage and work to a project schedule while meeting project budget requirements.
• Project closeout documentation issues. Lightning Protection F&I
• Provide engineering support to production, maintenance, and turnaround project and technical departments to ensure improved electrical system reliability and resolve repetitive electrical-related problems.
• Recommend and specify instrumentation for various process measurement applications.
• Provide daily technical support to Maintenance, Operations, and Environmental groups on oil and gas construction issues.
• Develop job scopes and drawing packages for small instrumentation, electrical, and mechanical, and structural projects.
• Providing support to the Project Group on the instrumentation specification for capital projects.
• Review project design packages for proper design regarding reliability, application, and maintenance requirements.
• Engage key stakeholders to ensure adherence to the Complex Capital Delivery process and the highest health, safety, environment, security, and quality standards.
• Risk-based schedule and contingency planning and root cause analysis.
• Responsibility for regular reporting regarding deadlines, quality, cost, and safety standards
• Management of all Subcontractor and Supplier Change Orders
• Management of all Subcontractor and Supplier Claims
• Liaise with Legal Department on all significant change order requests, claims, and disputes
• Ensuring that notices are sent timely to subcontractors and suppliers.
• Ensure that scheduling issues were timely given to subcontractor and supplier notices.
• Ensure proper documentation (e.g., minutes of the meetings) was created and maintained for all site meetings with subcontractors and suppliers.
• Work with project directors(s) to timely document any agreements reached.
• Track payments and deadlines.
• Analyze and mitigate risk by maintaining a Project Risk Log for mitigating actions.
• Provide weekly contract summaries and ensure contract execution by company policy.
• In conjunction with procurement, oversaw the preparation and revision of contracts involving site purchases of goods and services.

• Support and guide the project team on contract issues.
• Prepared contract briefs and revisions summarizing contractual requirements and budgets.
• Maintaining detailed and organized files of all contract documents and project correspondences.
• Monitor contractor performance, including the reporting and status of subcontractor and supplier deliverables.
• Maintain an audit file for each contract, including the original contract, all correspondences, changes/deviations, amendments, clarifications, and payment schedules.
• Preparing and disseminating information to appropriate employees regarding contract status and facilitating contractor meetings.
• Work with Legal Department to ensure the contractor complies with legal requirements, owner specifications, and government regulations.