Costing Engineer

Company : Gate Corporation USA

Role : Cost Estimation Engineer

Experience : Min 4-6 Yrs.

Industry : Aerospace / Automotive / Heavy Industry

Location : Hitech City, Hyderabad

Responsibilities :

• Generate comprehensive BOMs and MRP documents to outline the necessary materials for project execution.
• Review project documents, specifications, and drawings to understand project scope, requirements, and constraints.
• Utilize appropriate tools and systems to develop precise cost estimates for projects, considering factors such as materials, labor, equipment, and overhead costs.
• Discuss, coordinate, and resolve estimating input / queries with the project team to ensure the quality and accuracy of estimate.
• Perform cost reconciliation to compare current estimates with previous ones as the project progresses, ensuring consistency and identifying variances.
• Conduct thorough analysis and validation of costs using internal and external benchmarking data, historical indices, and component benchmarking.
• Identify risks, cost reduction opportunities, and uncertainties associated with the project, proposing viable solutions to mitigate them.
• Maintain an up-to-date database of materials, prices, subcontractor rates, and other relevant cost-related information to facilitate accurate estimations.
• Conduct research to identify cost-effective materials, resources, and processes suitable for each project, staying abreast of market trends and technological advancements.
• Responsible for maintaining all records for cost audit and compliance purposes, ensuring correct documentation creation, storage, and maintenance.

Qualifications :

Skills Required

Benchmarking, Cost Estimation