Costing & Estimation Engineer

Roles of Engineer Cost and Estimation in rolling stock/Equipment/ Manufacturing industries.

Job Profile / Responsibility

• To understand product manufacturing processes and develop ground-up cost estimates.

• Cost Estimates - By analyzing how much a component should cost to manufacture. Understanding

of cost drivers involved such as Material, Time, Labor, Machine and Overhead costs.

• Gather proposals, specifications and related documents and co-ordinate with stakeholders to

convert specifications to cost estimates for new and current products.

• Utilize cost methodologies and tools and appropriate software models and packages to prepare

and maintain reliable and accurate data.

• Establish cost estimates of production processes and tooling costs and review alternatives or put

forward recommendations for improvement.

• Investigate and identify cost reduction opportunities through cost analysis review.

• Actively contributes to the development and support of cost estimating processes, bench

marking, and cost estimating tools and look at ways to make improvements.

• Analyze supplier quotes and provide information and data, which aids communications with

suppliers and customers and achieves cost optimization.

• Support all activities in cost engineering and take a proactive approach towards improvements.

• Provide cost estimates during the change process and advise on the cost impact of changes. Track

and monitor activity.

• Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments

to resolve issues.