Cost and Estimation Engineer

5 days ago

Hyderabad, Telangana, India Ashoka Builders Full time ₹ 8,00,000 - ₹ 12,00,000 per year

Position: Cost & Budgeting (Quantity Surveyor)

Job Responsibilities:

  • Cost Estimation & Budgeting:
  • Prepare detailed project cost estimates, BOQs, and budgets for Mivan formwork based high-rise residential buildings.
  • Analyze architectural and structural drawings to calculate quantities accurately.
  • Update budgets based on design changes, variation orders, or site conditions.
  • Cost Control & Monitoring:
  • Track project costs against budgets and identify deviations.
  • Conduct variance analysis and recommend corrective actions to management.
  • Prepare cash flow forecasts and monitor cost-to-complete for ongoing projects.
  • Procurement & Contract Support:
  • Assist in preparation of tender documents, bid evaluations, and vendor/subcontractor agreements.
  • Verify subcontractor bills, claims, and change orders for accuracy.
  • Negotiate rates with vendors/subcontractors for cost optimization.
  • Mivan Formwork Specifics:
  • Evaluate formwork cycles, material utilization, and labor productivity for Mivan shuttering.
  • Monitor material wastage and suggest improvements in productivity or cost savings.
  • Reporting & Documentation:
  • Generate periodic MIS reports on cost performance, budget utilization, and financial forecasts.
  • Maintain proper documentation of estimates, contracts, and cost records for audits and client requirements.
  • Present cost reports and recommendations to project management.
  • Coordination & Compliance:
  • Coordinate with project managers, planning engineers, and site teams for effective cost control.
  • Support value engineering initiatives to optimize costs without compromising quality.
  • Ensure compliance with company financial policies and statutory requirements.

Skills & Qualifications:

  • Bachelors degree in civil engineering (mandatory). Diploma or Postgraduate qualification in Quantity Surveying / Construction Management is preferred.
  • 3–4 years of experience in costing, and budgeting for high-rise residential or similar projects, preferably Mivan projects.
  • Strong knowledge of and high-rise construction methods.
  • Expertise in cost estimation, budgeting, BOQs, and cost control.
  • Excellent analytical and numerical skills for accurate cost calculation and forecasting.
  • Understanding of contracts, procurement processes, and billing procedures.
  • Ability to interpret architectural, structural, and MEP drawings.
  • Good communication, negotiation, and problem-solving skills.
  • Professional certification (RICS Mivan formwork systems, ICE, or similar) is an added advantage.

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