Cost Estimator

Job Descriptions

• Responsible for producing timely cost estimates with defined quality and accuracy.
• Review tender documents, access the type of tender, and determine prioritization of tender based on the bid submission date.
• Attend the proposal kick-off meeting to plan the bid strategy and determine the method of performance based on the scope of work.
• Coordinate and follow up with the cost input centres like engineering, project management, supply chain, fabrication yard, taxation, insurance, finance & accounts, treasury, etc. for timely submission of data to meet overall project estimation deadlines and align the cost estimation framework accordingly.
• Review and analyze inputs provided by different cost centres and collate them into a cost estimation framework.
• Review the Risk Register and mitigation plan to evaluate the project/risk contingency
• Perform cost estimation, compiling the cost of engineering, material, services, manpower, travel & living, fabrication, taxes, duties, insurance, etc.
• Evaluating the economic viability of proposals
• Perform quality checks on estimates prepared to ensure accuracy.
• Perform cost analysis and benchmarking with similar projects submitted in the past.
• Prepare commercial deviations and basis of the cost estimate.
• Initiate an estimate review meeting with the management/leadership team.
• Presenting the bid review package to management for competitive pricing decisions.
• Techno-commercial compilation of the proposal and ensure timely submission.
• Maintain estimate files in a traceable manner with all backup files.
• Maintain a database that serves as a reference for future projects and facilitates quick cost estimates with accountability and transparency.
• Continually refine estimation processes and methodologies based on various feedback, lessons learned, and industry best practices.
• Participate in post-bid clarification meetings with clients.
• Formulating a budget for a successful proposal and handing it over to the project's department.