Cost Engineer/Estimation Engineer

1 week ago

Gurgaon, Haryana, India Xpress Services Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Looking for 5-6 years of experience in cost control, estimation, cost analysis for engineering projects, the company works in Bioenergy sector.

Role Description

1. Cost Estimation & Budgeting

·      
Develop detailed and comprehensive cost estimates for engineering and construction projects considering materials, labor, equipment, subcontracting, and overheads.

·      
Prepare and maintain project budgets, forecasts, and financial reports to track expenditures and variances.

·      
Analyze project design documents, specifications, and scope changes to update cost estimates accurately.

2. Cost Control & Reporting

·      
Monitor project costs throughout the lifecycle and identify deviations from the budget.

·      
Prepare cost variance reports with recommendations for corrective actions to project teams and senior management.

·      
Support decision-making by providing timely and accurate cost insights for project optimization.

3. Procurement Support

·      
Collaborate with procurement teams in vendor identification, evaluation, and negotiation to ensure cost-effective sourcing consistent with project requirements.

·      
Review supplier quotations, contracts, and proposals to validate accuracy and compliance with agreed budgets and specifications.

·      
Manage relationships with suppliers and subcontractors to ensure timely delivery and quality assurance.

4. Site and Office Coordination

·      
Maintain active presence at project sites for real-time cost tracking, vendor coordination, and resource management.

·      
Facilitate effective communication between site teams and head office functions to ensure seamless project execution and cost control.

5. Risk Management & Compliance

·      
Anticipate and assess potential cost risks and develop mitigation strategies.

·      
Ensure compliance with company policies, budgeting procedures, and regulatory frameworks related to project costing and procurement.

Skills & Competencies:

Technical Skills:

·      
Strong knowledge of project cost estimation techniques and cost control practices.

·      
Proficiency in MS Office (Excel, PowerPoint) and familiarity with ERP or cost management software.

  • ·      
    Understanding of procurement processes including vendor evaluation, contract negotiation, and purchase order management.

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