Cost Estimation Executive

Purpose/Objective

Cost Estimation Executive (Roads) ensures accurate and competitive project cost estimation and analysis through thorough assessment of bid documents, site conditions, and material availability. Collaborate effectively with cross-functional teams to gather necessary data and support vendor management activities. Utilize technical expertise to apply industry advancements and implement innovative cost-saving measures, while maintaining meticulous documentation and adherence to quality and safety standards.

Key Responsibilities of Role

Project Cost Estimation and Analysis: - Support in costing for tenders, including Quantity Estimation and Costing for HAM, TOT, BOT highway bids based on Bid documents and Site Conditions. - Study bid documents, identify anomalies, and seek clarifications from the client. - Conduct site visits to assess material availability and costs and prepare site visit reports. - Prepare detailed cost estimates based on MORTH/IRC guidelines and Rate analysis. - Monitor the activities of Site investigation by prebid consultants. - Verify Consultant Estimate with respect to checklist - Obtain prices for supply items in consultation with the Techno-commercial team. Vendor Management: - Support vendor management activities to ensure effective procurement of deliverables. - Review and compare contractor offers with internal estimates to determine competitive pricing. Documentation and Record-keeping: - Maintain accurate records of bid documents and amendments for future reference and communicating same to stakeholders - Record and maintain a database of Scope, Bid documents, and drawings as required to ensure easy retrieval and reference for future projects - Maintain a database of vendors, As built Quantities, Policy Circulars, State wise Royalty & Raw material Source to ensure easy retrieval and reference for future projects - Maintain database of Key inputs material prices to assess future trend. - Prepare necessary presentations to effectively communicate bid analyses and strategies. - Assist in other assignments such as change of scope and preparation of claim statements. Technical Expertise and Innovation: - Study the latest technical specifications and technological advancements relevant to the industry and apply them to projects. - Identify and implement Value Engineering Options to optimize project costs. - Adhere to Quality and Safety policies and guidelines in Cost Estimation. Key Stakeholders - Internal: - Techno Commercial Team - Planning - Projects Key Stakeholders - External: - Contractors - Vendors

Technical Competencies

Business Know-how-RMRW,Civil Engineering Know-how-RMRW,Construction Techniques Know-how-RMRW,Data Management & Analytics-RMRW,Quantity Survey Management-RMRW,Regulatory Compliance-RMRW

Qualifications and Experience

Education Qualification: - BE / B.Tech in Civil Engineering Work Experience (Range of years): - 8 years of work experience Preferred Industry: Construction and Infrastructure Development