Cost and Estimation Engineer

Job Title:

Education & Qualification:

• B.Tech in Mechanical Engineering with a minimum of 5 years of relevant experience
  
• Diploma in Mechanical Engineering with a minimum of 10 years of relevant experience
  

Job Summary:

Costing and Estimation Engineer

Key Responsibilities:

• Prepare detailed

  manufacturing cost estimates

  , benchmark pricing, and stage-wise project costing.
• Interpret engineering drawings and specifications to calculate material, labor, manpower, and overhead costs.
  
• Collaborate with design, procurement, and production teams to gather cost data and understand project requirements.
  
• Develop cost estimation models using Excel and other costing software/tools.
  
• Perform cost comparison studies, support vendor negotiations, and recommend cost-saving opportunities.
  
• Maintain and update costing databases, price lists, and standard cost templates.
  
• Participate in design reviews to provide cost-related insights and support design-to-cost initiatives.
  
• Analyze cost variances during and after project execution to identify areas for improvement.
  

Scope of Costing Work:

not limited to but also includes

• Machined parts

• Fabricated components

• Bought-out items

• Transmission parts

• Engineering components

  like bearings, pulleys, etc.

• Special processes

  such as galvanizing, powder coating, etc.

Key Skills Required:

1. Mechanical Engineering Background

   Strong knowledge of mechanical design, manufacturing processes, and engineering materials.

2. Cost Estimation Experience

   – Proven experience in cost estimation and evaluation for mechanical components and assemblies.

3. Analytical Skills

   – Ability to work with complex data sets and provide actionable costing insights.

4. Communication Skills

   – Excellent verbal and written communication for cross-functional collaboration.

5. Costing Tools Proficiency

   – Skilled in spreadsheets, costing software, and the ability to read technical drawings, calculate manpower and stage-wise costs.

6. Preferred Software Knowledge

   – Working knowledge of

   SolidWorks

   and

   PLM Windchill

   is an added advantage.

Preferred Attributes:

• High attention to detail and commitment to accuracy
  
• Ability to handle multiple projects simultaneously
  
• Strong problem-solving attitude and ownership mindset
  
• Experience in R&D or product-based manufacturing environments