The primary role/function of the position of the Cost Estimating Engineer is to prepare and/or review and endorse cost estimates of different levels of accuracy depending on the maturity of project definition during the various stages of the project life.
Main Responsibility:
- Ability to prepare multi-disciplinary ( Civil, Architecture , Electrical , Mechanical) cost estimates study’s for “ Bids / Projects”
- Provides cost Estimates / Comparison costs for the value that provided by the Supply Chain Management
- To estimate cost for bids/Project for construction , Engineering, Manufacturing.
- To Collect data and analyzes all project costs, including raw materials ,labor ,equipment and tooling to ensure estimates cost are accurate.
- Identifies and quantifies potential cost uncertainties to ensure costing models capture the full range of potential costs.
- Updates costs as necessary based on new information and scope potential costs.
- Updates costs as necessary based on new information and project scope changes.
- Coordinates with project management , engineering ,procurement and other project stakeholders.
- Provide support for any selection and optimization study during project development.
- Perform complete analysis and cost validations using internal and external benchmarking data, historical indices, and component benchmarking.
- Proactively contributes to the team