Costing and Estimation

4 days ago

Noida Uttar Pradesh, India techno global services Full time

Costing and Estimation Process:

- **Review the project scope**: Understanding the project requirements and objectives from the client or project owner.
- **Perform a detailed material takeoff**: Identifying and quantifying all materials required for the project.
- **Estimate labor requirements**: Determining the number of workers needed for each task and their hourly rates.
- **Solicit pricing from suppliers and vendors**: Obtaining competitive quotes for materials and equipment.
- **Calculate overhead and indirect costs**: Accounting for expenses not directly related to the construction work, such as insurance, permits, and office expenses.
- **Account for contingency**: Including a buffer for unforeseen circumstances and potential cost overruns.
- **Determine the total project cost**: Summing up all estimated costs to arrive at the overall project budget.

Types of Cost Estimates:

- **Preliminary estimates**: Quick and rough cost estimates used for early planning and feasibility studies.
- **Detailed estimates**: More in-depth estimates that provide a more precise cost projection.
- **Quantity takeoffs**: Calculating the quantities of materials required based on the project plans.
- **Bid estimates**: Estimates used by contractors to bid on projects.
- **Control estimates**: Used throughout the project to monitor costs and identify potential variances.

Pay: From ₹50,000.00 per month

**Benefits**:

- Health insurance
- Provident Fund

Schedule:

- Day shift

Work Location: In person

Expected Start Date: 30/04/2025

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