Cost Estimator
- Powai, Maharashtra
- Permanent
- Full-time
- Responsible for producing timely cost estimates with defined quality and accuracy.
- Review tender documents, access the type of tender, and determine prioritization of tender based on the bid submission date.
- Attend the proposal kick-off meeting to plan the bid strategy and determine the method of performance based on the scope of work.
- Coordinate and follow up with the cost input centres like engineering, project management, supply chain, fabrication yard, taxation, insurance, finance & accounts, treasury, etc. for timely submission of data to meet overall project estimation deadlines and align the cost estimation framework accordingly.
- Review and analyze inputs provided by different cost centres and collate them into a cost estimation framework.
- Review the Risk Register and mitigation plan to evaluate the project/risk contingency
- Perform cost estimation, compiling the cost of engineering, material, services, manpower, travel & living, fabrication, taxes, duties, insurance, etc.
- Evaluating the economic viability of proposals
- Perform quality checks on estimates prepared to ensure accuracy.
- Perform cost analysis and benchmarking with similar projects submitted in the past.
- Prepare commercial deviations and basis of the cost estimate.
- Initiate an estimate review meeting with the management/leadership team.
- Presenting the bid review package to management for competitive pricing decisions.
- Techno-commercial compilation of the proposal and ensure timely submission.
- Maintain estimate files in a traceable manner with all backup files.
- Maintain a database that serves as a reference for future projects and facilitates quick cost estimates with accountability and transparency.
- Continually refine estimation processes and methodologies based on various feedback, lessons learned, and industry best practices.
- Participate in post-bid clarification meetings with clients.
- Formulating a budget for a successful proposal and handing it over to the project's department.