Cost And Estimation Engineer

Job Description

About the Company Ever since 2013, the industries and workplaces of India have witnessed glory in their interior and exterior designs with i-Pro Visuals, which brings visual solutions that outpace every design across the field. With more than 11 years of establishment, the company has given curated turnkey solutions for renowned corporate companies in Chennai and Bangalore who are proud of the improved infrastructure and work environment achieved. As a holistic team of more than 50 exceptional field experts who are perfectly equipped for end-to-end services. Summary: We are seeking an experienced Estimation and Costing Engineer specializing in factory interior construction. The candidate will provide accurate cost estimates, prepare project budgets, and manage financials to ensure project profitability, collaborating closely with project managers, designers, and procurement teams. Key Responsibilities: Cost Estimation: Prepare detailed and accurate cost estimates for factory interior construction projects, including materials, labour, equipment, and subcontractor work. Budget Preparation: Develop project budgets and forecasts, ensuring alignment with the client’s financial objectives and project scope. Tender Documentation: Prepare tender documents, cost breakdowns, and Bills of Quantities (BoQ) for interior construction projects. Supplier & Vendor Coordination: Collaborate with procurement teams to obtain quotes from suppliers, subcontractors, and service providers to secure the best prices and quality. Project Cost Monitoring: Track and monitor costs throughout the project lifecycle, ensuring expenses are within budget and identifying potential cost overruns. Value Engineering: Provide cost-saving solutions and value engineering ideas without compromising the quality or design of the project. Cost Reporting: Prepare regular cost reports and updates for stakeholders, highlighting any deviations from the budget and recommending corrective actions when necessary. Contract Management: Review and manage contracts with suppliers and subcontractors, ensuring all costs align with the agreed-upon terms. Change Orders: Manage cost variations and prepare change orders, ensuring timely and accurate documentation of all project cost changes. Risk Analysis: Conduct financial risk assessments and offer mitigation strategies to control project risks associated with cost fluctuations or unexpected expenses. Requirements: Education: Bachelor's degree in Civil Engineering, Quantity Surveying, or a related field. Experience: Minimum of 4-6 years of experience in estimation and costing for interior construction projects, ideally within industrial or factory environments. Technical Skills: Proficiency in cost estimation software, MS Office, AutoCAD, and project management tools. Knowledge of BoQ, tendering procedures, and contract management. Industry Knowledge: Strong understanding of materials, labour costs, and construction techniques for factory interior projects. Attention to Detail: High accuracy in estimating and budgeting to prevent cost overruns and ensure profitability. Analytical Skills: Ability to analyze project specifications and drawings to identify cost factors. Communication Skills: Excellent communication and negotiation skills to coordinate with suppliers, contractors, and internal teams. Problem-solving: Ability to address and resolve costing-related issues and suggest cost-effective solutions.