Costing & Estimation - Transmission line and Substation Project

4 days ago

Gurgaon, Haryana, India Adler Talent Solutions Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Role & responsibilities

ROLE DESCRIPTION (POSITION SUMMARY)

Develop and oversee comprehensive cost estimation strategies for PT&D projects, ensuring alignment with profitability targets, market competitiveness, and strategic objectives. Lead cross-functional collaboration to refine pricing, optimize resources, and implement value engineering. Mitigate financial risks through tailored cost models and innovative approaches while maintaining quality and operational efficiency. Utilize historical data and advanced estimation tools to support transparent decision-making and drive continuous improvement in project cost management and execution.

ROLES AND RESPONSIBILITIES

Comprehensive Cost Estimation

•    Oversee the cost analysis process, ensuring detailed evaluation of materials, labor, subcontractor costs, equipment, and overheads to align with BU strategic pricing objectives 

•    Lead the preparation and validation of final cost estimates by collaborating with cross-functional teams, including procurement, design, HR, and project management, ensuring alignment with profitability targets and client specifications 

•    Implement and refine pricing strategies using historical data, market intelligence, and benchmarks tailored to PT&D projects to enhance bid competitiveness 

•    Produce comprehensive estimation reports detailing cost breakdowns, pricing strategies, and justifications to provide transparency for internal stakeholders and support strategic decision-making during bid submissions 

•    Develop risk mitigation plans addressing unique challenges in PT&D projects, such as terrain-specific issues, market volatility, and operational risks 

•    Analyze and mitigate financial risks associated with the extended concession period 

•    Develop contingency plans and cost buffers for challenges specific to remote locations and adverse environmental conditions 

•    Ensure cost estimates align with strategic goals for maximizing ticket revenue and profitability

Cost-Saving Initiatives

•    Collaborate with design, procurement, and operations teams to implement value engineering and cost-saving measures across construction and operational phases of PT&D projects 

•    Identify cost-saving opportunities through alternative sourcing, resource optimization, and efficiency improvements, maintaining quality standards while enhancing bid competitiveness 

Cross-Functional Collaboration

•    Work with procurement to negotiate vendor pricing, secure competitive terms, and manage vendor relationships to minimize project costs while maintaining quality 

•    Partner with design team to incorporate value engineering that reduces costs without compromising safety or operational efficiency. 

•    Align with project management and operations teams to streamline execution processes, optimize resource allocation, and identify workflow efficiencies. 

•    Collaborate with legal and contracts teams to structure financially sound agreements in line with PPP and BOOT models, mitigating financial and operational risks 

•    Work closely with OEMs and equipment vendors to account for the costs of custom designs, installation, and ongoing maintenance specific to PT&D systems

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