Career

Career

Costing & Estimation Engineer

  • Experience : 3-6 Years
  • Job Location : Halol
  • Department : Project
  • Qualification : B.E. /Diploma Mechanical

    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 cost drivers involved such as Material, Time, Labor, Machine, and Overhead costs.
    • Gather proposals, specifications, and related documents and coordinate 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 contribute to the development and support of cost estimating processes, benchmarking, and cost estimating tools, and look at ways to make improvements.
    • Analyze supplier quotes and provide information and data to aid communications with suppliers and customers, achieving 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 make appropriate adjustments to resolve issues.