Estimation Engineer (225-928)

An Estimation Engineer plays a crucial role in the success of projects by accurately assessing the resources needed, such as time, manpower, and materials, for completion. This position is critical in the pre-construction phase of a project, where the Estimation Engineer's insights can make or break its financial viability. They work closely with project managers, architects, and clients to develop comprehensive cost estimates and project plans that align with organizational goals and client expectations. With a keen eye for detail and a deep understanding of engineering principles, the Estimation Engineer ensures that all bids and proposals are competitive and realistic. Their analytical skills are essential for evaluating risks and uncertainties, making adjustments as necessary to avoid project overruns and ensure projects are completed on time and within budget.

Responsibilities

• Analyze project specifications and documents to prepare detailed cost estimates.
• Collaborate with engineers and architects to gather accurate project scope information.
• Evaluate materials and labor costs by reviewing vendor pricing and market trends.
• Prepare and present comprehensive cost breakdowns and proposals to management.
• Monitor project progress and update estimates as project conditions change.
• Work with project teams to develop value engineering and cost-saving strategies.
• Manage the bid process, including client meetings and proposal deliverables.
• Coordinate with suppliers and subcontractors to secure competitive pricing agreements.
• Review historical data from previous projects to refine cost estimation methods.
• Assist in preparing financial forecasts and budgets for current and future projects.
• Identify potential risks and mitigate them through precise planning and analysis.
• Conduct post-project analysis to assess the accuracy of initial estimates.

Requirements

• Bachelor's degree in engineering, construction management, or a related field.
• Proven experience in estimation or cost management in construction or engineering.
• Strong proficiency in estimation software such as CostX, PlanSwift, or similar tools.
• Excellent mathematical skills and attention to detail for accurate calculations.
• Ability to read and interpret architectural and engineering drawings and specifications.
• Effective communication skills to collaborate with diverse project stakeholders.
• Strong analytical and problem-solving skills to assess risks and make recommendations.