cost estimation Engineer
3 weeks ago
1-Examine project specifications, plans, and requirements to understand the scope and objectives of the project.
2. Evaluate the technical aspects, materials, labor, equipment, and other resources needed for successful project completion.
3. Based on project analysis, develop detailed cost estimates, quantify the costs associated with various project components, including materials, equipment, manpower, subcontractors, and contingencies using historical data, industry standards, cost databases, and other relevant sources to ensure accuracy in the estimates.
4. Prepare and present cost reports to project stakeholders. These reports include detailed breakdowns of estimated costs, actual costs incurred, cost variances, cost projections, and any other relevant financial information.Â
5. Collaborate with vendors, suppliers, and subcontractors to obtain accurate pricing information for materials, equipment, and services.
6. Stay updated with industry trends, cost estimation techniques, and advancements in engineering practices. to refine the estimating methodologies, adopt new tools and technologies, and incorporate lessons learned from previous projects to improve the accuracy of future cost estimates
Bachelors in electrical or mechanical engineeringManufacturing experience is a must Proven experience as a cost analyst, cost specialist, or similar roleExperience in data, operational, and financial analysisKnowledge of accounting processes and softwareStrong analytical skillsGreat attention to detailGood communication aptitude
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