Costing Engineer (MEP

Job Description

Role & responsibilities Bachelor's degree in Mechanical / Electrical Engineering, and experience with a minimum of 5 to 8 years' in the MEP costing field. Three plus years must be in a lead role. Structured organization skills, highly resourceful, and dependable, driven and motivated with a strong attention to detail. Experience in systems design, calculations, specifications and cost estimating in HVAC, Plumbing and Electrical Systems for Residential / Commercial / educational projects required. Must have customer contact and project management experience. 1. Cost Estimation and Analysis means : a. Assist in preparing cost data for project budget (estimates) / proposals b. To conduct research to create forecasts about the cost of a project c. To Develop accurate cost estimates . d. To create detailed cost estimates for projects, considering labour, materials, equipment, and other resources. e. To check the project blueprints, specifications, and other documents to identify cost components. f. To evaluate different options to optimize project budget allocations and maximize profitability g. To communicate cost estimates, forecasts, and other relevant information to stakeholders, supporting management decisions h. Budget Management and Control i. To create and maintain project budgets, ensuring they are aligned with project objectives j. To track and report on project costs, identifying variances from the budget and taking corrective actions k. To proactively look for ways to reduce costs without compromising quality or schedule l. To collaborate with project teams to gather information, make decisions, and ensure that everyone is aligned on cost management m. To identify potential cost overruns and other financial risks and develop strategies to mitigate them n. To put in place cost control procedures to ensure that projects stay within budget o. To create cost forecasts to predict future expenses and ensure that projects stay on track p. To generate reports on cost estimates, expenditures, and variances, providing insights into the financial health of the project q. To contribute to feasibility studies by providing cost estimates and financial analysis. r. To keep up-to-date on current material and labour costs and other relevant market trends s. Must have strong communication skills (both written and verbal)