Estimation Engineer Kinam Engineering Industries

5.0 - 8.0 years

5 - 9 Lacs

Mumbai

Work from Office

Key Responsibilities: Project Cost Estimation: Develop detailed and accurate cost estimates for projects based on engineering drawings, specifications, and other relevant documentation. Review and analyze tender documents, contracts, and other project details to ensure all requirements are captured in the estimate. Prepare Bill of Quantities (BOQ), material take-offs, labor cost analysis, and equipment requirements. Provide estimates for materials, labor, equipment, overheads, and other project-related costs. Collaboration & Communication: Coordinate with project managers, engineers, procurement teams, and other stakeholders to gather necessary information for accurate estimation. Engage with suppliers and subcontractors to obtain quotations and verify market pricing for materials and services. Participate in project meetings to discuss estimating and cost control requirements. Risk Assessment & Value Engineering: Conduct risk assessments to identify potential risks, uncertainties, and cost drivers in the project. Propose value engineering options and cost-effective alternatives to optimize project delivery. Identify areas for cost reduction without compromising quality or safety. Cost Control & Monitoring: Assist in setting up cost control mechanisms to track project expenditures against estimated costs. Monitor project budgets and report on deviations between actual and estimated costs. Recommend corrective actions if cost overruns are anticipated. Tender & Bid Support: Prepare competitive bids and tender submissions in accordance with client specifications and industry standards. Participate in client meetings and site visits to ensure a comprehensive understanding of project scope and requirements. Support the procurement team in the selection and evaluation of subcontractors and suppliers. Documentation & Reporting: Maintain accurate and up-to-date records of estimates, cost breakdowns, and other related documentation. Provide regular reports to senior management, highlighting cost performance and any potential risks. Ensure compliance with company standards, procedures, and industry regulations. Key Skills and Qualifications: Education: Bachelor's degree in Civil Engineering, Mechanical Engineering, Electrical Engineering, or a related field. Experience: 3-5 years of experience in project estimating or cost engineering, preferably in [construction, infrastructure, oil and gas, industrial, etc.]. Familiarity with estimating software (e.g., ProEst, Bluebeam, CostX, etc.) and Microsoft Excel. Experience in preparing cost estimates, analyzing project requirements, and identifying cost drivers. Technical Skills: Strong understanding of project lifecycle, construction processes, and procurement strategies. Proficiency in reading and interpreting technical drawings, specifications, and contracts. Knowledge of cost control methodologies and cost reporting tools. Soft Skills: Strong analytical skills with the ability to solve complex problems and provide cost-effective solutions. Excellent communication and interpersonal skills to collaborate effectively with internal teams and external stakeholders. Attention to detail and ability to work under tight deadlines.

Posted 1 month ago

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