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Senior Cost Estimation Specialist
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The Senior Estimation Manager is responsible for overseeing the estimation process, ensuring accuracy and efficiency in quantity take-offs, estimates, and cost control.
- Key Responsibilities:
1. Quantity Take-Offs and Estimation
Prepare detailed quantity take-offs and estimates for all civil, interior, MEP, and specialized fit-out packages.
Provide timely budget estimates and cost advice for every project during design development stage.
Review project drawings, specifications, and site conditions to ensure accuracy in quantity computation.
Analyze and justify variance in bills versus estimate or contract scope; coordinate with project and billing teams for resolution.
2. Rate Analysis and Item Master Management
Develop, maintain, and periodically update an item master for all materials, BOQ items, and fit-out services with detailed rate analysis (labor, material, overheads, statutory taxes).
Research and benchmark market rates to keep analyses current and competitive.
Ensure the item master is used as the basis for tendering, cost control, and contract finalization.
3. Vendor Negotiation and Commercial Evaluation
Support tendering, bid evaluation, and negotiation with vendors, contractors, and suppliers to optimize project costs and value.
Liaise with procurement for technical and commercial clarifications and to ensure fair evaluation and award.
Identify and evaluate value engineering opportunities in collaboration with the Design and MEP teams.
4. Billing Support and Variation Management
Review and validate contractor/subcontractor bills/claims, identifying deviations from contract and budget.
Prepare justification notes for all bill variances and support timely closure of commercial issues.
Advise project teams on cost implications of design/material changes and site directives.
5. Reporting and TAT Compliance
Adhere to project schedules and ensure all estimation/costing deliverables meet agreed turnaround times (TAT).
Provide periodic cost reports, variation logs, and estimation dashboards to AVP – Design and management.
6. Cross-Functional Coordination
Work closely with design, MEP, billing, procurement, and site teams to ensure complete and aligned cost management across project phases.
Participate in project meetings and provide commercial insights as required.
7. Documentation and Process Improvement
Maintain organized records of all estimates, rate analyses, item masters, and negotiation summaries.
Continuously review and enhance QS and estimation processes for accuracy, speed, and transparency.
