Cost Estimator

5 hours ago

Maharashtra AMN Tower Powai India LT-Larsen & Toubro Limited Full time ₹ 5,00,000 - ₹ 15,00,000 per year

Job Descriptions

  • Responsible for producing timely cost estimates with defined quality and accuracy.
  • Review tender documents, access the type of tender, and determine prioritization of tender based on the bid submission date.
  • Attend the proposal kick-off meeting to plan the bid strategy and determine the method of performance based on the scope of work.
  • Coordinate and follow up with the cost input centres like engineering, project management, supply chain, fabrication yard, taxation, insurance, finance & accounts, treasury, etc. for timely submission of data to meet overall project estimation deadlines and align the cost estimation framework accordingly. 
  • Review and analyze inputs provided by different cost centres and collate them into a cost estimation framework.
  • Review the Risk Register and mitigation plan to evaluate the project/risk contingency
  • Perform cost estimation, compiling the cost of engineering, material, services, manpower, travel & living, fabrication, taxes, duties, insurance, etc.
  • Evaluating the economic viability of proposals
  • Perform quality checks on estimates prepared to ensure accuracy.
  • Perform cost analysis and benchmarking with similar projects submitted in the past.
  • Prepare commercial deviations and basis of the cost estimate.
  • Initiate an estimate review meeting with the management/leadership team.
  • Presenting the bid review package to management for competitive pricing decisions.
  • Techno-commercial compilation of the proposal and ensure timely submission. 
  • Maintain estimate files in a traceable manner with all backup files.
  • Maintain a database that serves as a reference for future projects and facilitates quick cost estimates with accountability and transparency.
  • Continually refine estimation processes and methodologies based on various feedback, lessons learned, and industry best practices.
  • Participate in post-bid clarification meetings with clients. 
  • Formulating a budget for a successful proposal and handing it over to the project's department.

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