Estimation Engineer

Cynosure Corporate SolutionsChennai, Tamil NaduOn-siteFull-timeJunior, 1–2 yearsListed 2 hours ago

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About this role

Seeking a detail-oriented Estimation Engineer to prepare accurate project cost estimates, develop budgets, manage tendering activities, and support cost control throughout the project lifecycle. The role involves reviewing technical drawings, estimating material and labour requirements, evaluating supplier quotations, managing contract-related activities, and identifying cost-effective solutions while ensuring compliance with project specifications and quality standards.

Key Responsibilities:

- Review architectural, structural, and engineering drawings to understand project scope and requirements.
- Prepare detailed cost estimates for materials, labour, equipment, and other project expenses.
- Develop project cost plans and budgets to monitor and control expenditures.
- Prepare tender documents, bills of quantities (BOQs), and cost breakdowns.
- Evaluate quotations and bids from contractors and suppliers to ensure competitive pricing and quality.
- Negotiate pricing, contracts, and terms with contractors and suppliers.
- Review and manage contracts to ensure compliance with agreed terms and conditions.
- Assess project variations and scope changes and update cost estimates accordingly.
- Monitor project expenses against approved budgets and identify potential cost overruns.
- Evaluate completed work and support contractor payment certification.
- Prepare regular cost reports and provide budget updates to project management.
- Conduct feasibility studies and value engineering exercises to identify cost-saving opportunities.
- Identify financial risks, including material price fluctuations and project cost uncertainties, and develop mitigation strategies.
- Ensure compliance with applicable construction regulations, safety requirements, and environmental standards.

Requirements

- Bachelor's degree in Civil Engineering, Mechanical Engineering, Construction Management, Estimation and Costing, or a related field.
- Strong understanding of construction cost estimation, budgeting, and tendering processes.
- Ability to interpret technical drawings, specifications, and project documents.
- Knowledge of BOQ preparation, quantity estimation, and material cost analysis.
- Understanding of contract administration, cost control, and financial reporting.
- Strong analytical, numerical, negotiation, and problem-solving skills.
- Good communication and coordination skills.
- Proficiency in relevant estimation software and Microsoft Excel is preferred.
- Ability to manage multiple estimates, meet deadlines, and maintain accuracy.