Project Analysis:•Review project specifications, drawings, and other relevant documents to understand project requirements and scope.Cost Estimation:•Utilize cost estimation software, historical data, and industry benchmarks to estimate the cost of materials, labor, equipment, and other resources required for project execution.Quantity Take-off:•Perform quantity take-offs for materials and labor based on project drawings and specifications.Vendor and Supplier Management: •Obtain quotes and negotiate prices with vendors and suppliers to ensure competitive pricing for materials and services.Cost Breakdown: •Prepare detailed cost breakdowns, including material costs, labor costs, equipment costs, overheads, and contingencies.Risk Assessment:•Identify and assess potential risks and uncertainties that may impact project costs, and develop strategies to mitigate risks.Value Engineering:•Collaborate with engineers and project teams to identify value engineering opportunities to optimize project costs without compromising quality or performance.Bid Preparation:•Assist in the preparation of bids and proposals by providing accurate cost estimates and supporting documentation.Documentation:•Maintain accurate records of cost estimates, assumptions, and supporting documentation throughout the project lifecycle.Cost Tracking:•Monitor project costs against budget allocations, identify variances, and provide regular updates to project stakeholders.Continuous Improvement:•Stay abreast of industry trends, cost factors, and new technologies to continuously improve cost estimation processes and methodologies.
•Bachelor's degree in Mechanical Engineering•Proven experience in cost estimation, preferably in Steel fabrication industry.•Experience in: pipe spools, pressure vessels, process equipment, steel structures, skids, baskets, tanks, silos, and batch blenders.•Proficiency in cost estimation software and tools.•Strong analytical and mathematical skills.•Effective communication and interpersonal skills.•Ability to work independently and as part of a multidisciplinary team.•Knowledge of fabrication methods, materials, and industry standards.•Knowledge in Integrated management systems.•ASME; API; AWS D1.1 knowledge.
