Project Cost Estimator (Intermediate, Senior, or Principal)
ITC Holdings Corp. · Novi, MI · 1 mo ago
HybridFull-time
Responsibilities
- Independently develops project cost estimates for projects of moderate complexity; identifies cost risks, scope gaps, and estimating inconsistencies; and may lead estimate review discussions with project stakeholders.
- Develops construction cost estimates for transmission line and substation projects through the evaluation of project plans, specifications, drawings, quantities, labor, equipment, and material costs.
- Develops detailed project estimates based on ITC standards and site-specific facility drawings.
- Schedules and leads comprehensive estimate reviews with upper management, project managers, field personnel, and scoping parties to cover scope, review costs, subcontractors, and risk.
- Provides expert judgment of costs to support competitive bid projects.
- Assists with the development and maintenance of estimating templates, tools, databases, and related applications to support consistent and reliable project estimates.
- Provides pre-construction support and technical expertise to project management team as needed.
- Reviews and evaluates subcontractor quotes for scope gap and process follow up requests.
- Interfaces and seeks clarification from internal groups such as supply chain, engineering and project management to proactively resolve any inconsistencies in cost estimating data.
- Conducts field visits as required to assess site requirements and project conditions.
- Attends pre-and-post bid meetings as required and be able to effectively present information related to cost estimates.
- Transfers completed estimates and applicable bid documents to the Project Management team in accordance with internal process requirements and established timelines.
- Supports the development and maintenance of internal cost estimating metrics by providing accurate, timely, and relevant data to drive performance measurement, trend analysis, and informed decision-making.
- Participates in Capital Committee meetings to aid project owners in the explanation and justification of project costs and variances.
- Participates in meetings, training, and conferences to strengthen professional knowledge and skills.
- Create conceptual, preliminary, and detailed cost estimates for complex transmission, substation, and generation interconnection projects.
- Performs advanced estimate risk analysis, contingency modeling, and estimate validation to support project funding decisions.
- Develops and enhances estimating methodologies, standards, cost models, and benchmarking practices and related applications to support consistent and reliable project estimates.
- Analyzes historical cost data, market trends, labor productivity factors, and escalation impacts to improve estimate accuracy.
- Serves as the estimating subject matter expert (SME) during project development and stage gate reviews.
- Independently resolves complex estimating issues involving scope uncertainty, constructability challenges, and competing project alternatives.
- Facilitates