Career

Costing & Estimation Engineer

Roles of Engineer Cost and Estimation in rolling stock/Equipment/ Manufacturing industries.

Job Profile / Responsibility

· To understand product manufacturing processes and develop ground-up cost estimates.

· Cost Estimates - By analyzing how much a component should cost to manufacture. Understanding

of cost drivers involved such as Material, Time, Labor, Machine and Overhead costs.

· Gather proposals, specifications and related documents and co-ordinate with stakeholders to

convert specifications to cost estimates for new and current products.

· Utilize cost methodologies and tools and appropriate software models and packages to prepare

and maintain reliable and accurate data.

· Establish cost estimates of production processes and tooling costs and review alternatives or put

forward recommendations for improvement.

· Investigate and identify cost reduction opportunities through cost analysis review.

· Actively contributes to the development and support of cost estimating processes, bench

marking, and cost estimating tools and look at ways to make improvements.

· Analyze supplier quotes and provide information and data, which aids communications with

suppliers and customers and achieves cost optimization.

· Support all activities in cost engineering and take a proactive approach towards improvements.

· Provide cost estimates during the change process and advise on the cost impact of changes. Track

and monitor activity.

· Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments

to resolve issues.

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