Estimation Engineering 05J26

As an Estimation Engineer, you will play a pivotal role in analyzing various projects and creating comprehensive cost estimates that serve as a foundation for project budgeting, pricing, and planning. This is an intricate position that requires a blend of quantitative skills, engineering knowledge, and attention to detail to ensure accurate and realistic forecasts of project costs. You will work closely with project management teams, suppliers, and other stakeholders to gather pertinent information and identify opportunities for cost optimization. Your estimations will directly impact the decision-making process within the organization, influencing project viability and profitability.

Responsibilities

• Analyze project drawings, specifications, and requirements to develop detailed cost estimates.
• Collaborate with project managers to align estimation outputs with project objectives.
• Review and assess the cost-effectiveness of project proposals and designs.
• Liaise with vendors and suppliers to obtain accurate pricing for materials and services.
• Develop estimation models and methodologies that improve forecasting accuracy.
• Provide support during the tendering process by delivering precise cost data and reports.
• Conduct risk analysis to identify and mitigate cost-related risks in projects.
• Monitor market trends to ensure cost estimates reflect current economic conditions.
• Prepare detailed reports justifying the costings of each project phase.
• Continuously update and maintain price databases for materials and equipment.
• Assist in the development of cost control strategies and budget management practices.
• Ensure compliance with industry standards and regulations in all cost estimation activities.

Requirements

• Bachelor’s degree in Engineering, Construction Management, or a related discipline.
• Proven experience in estimation within engineering or construction industries.
• Strong understanding of project management principles and practices.
• Advanced proficiency in estimation software and other analytical tools.
• Excellent mathematical, analytical, and problem-solving skills are essential.
• Exceptional attention to detail and the ability to manage multiple projects simultaneously.
• Strong communication and interpersonal skills for effective team collaboration.