Estimation Engineer

JD: Key Responsibilities:
Cost Estimation:

Prepare and develop detailed cost estimates for engineering projects, including labor, materials, equipment, and overhead costs.
Analyze project documents, such as designs, specifications, and drawings, to determine the scope of work and develop accurate estimates.
Use estimation software and methodologies to generate cost models and perform quantity take-offs.
Research and evaluate material and labor costs, factoring in market conditions and supplier quotes.
Collaboration & Coordination:

Collaborate with engineering, procurement, and project management teams to ensure that all aspects of the project are accounted for in the cost estimate.
Work closely with vendors and subcontractors to obtain accurate pricing and develop competitive bids.
Review project designs with engineers and architects to identify potential cost-saving opportunities without compromising quality or performance.
Risk Assessment & Mitigation:

Identify potential risks or challenges that could impact project costs, such as material price fluctuations, design changes, or delays.
Recommend risk mitigation strategies and contingency plans to project stakeholders.
Provide insight into possible alternatives for material selection or design changes to help reduce costs while maintaining quality.
Proposal Development:

Assist in the preparation of formal proposals and bids, ensuring that all cost-related information is accurate, transparent, and aligns with the projects requirements.
Work with the sales and business development teams to ensure that estimates meet client expectations and are aligned with company margins.
Project Budgeting & Forecasting:

Assist in developing project budgets and providing cost forecasts for ongoing projects.
Track and report on actual costs compared to estimated costs, identifying any discrepancies and taking corrective actions if necessary.
Support project managers by providing updated cost estimates as the scope or design of the project evolves.
Documentation & Reporting:

Maintain accurate and organized records of all estimates, proposals, and cost-related documentation.
Document assumptions, exclusions, and special conditions in cost estimates to ensure transparency.
Prepare regular reports for management on the status of estimates, potential risks, and upcoming projects.