Estimation or Cost Engineer

Job Title: Estimator or Cost Engineer

Job Description:

The Estimator is responsible for evaluating costs and preparing accurate project estimates based on designs, plans, specifications, and other relevant documents. The role involves collaborating with project managers, engineers, suppliers, and clients to ensure estimates are comprehensive and competitive.

Key Responsibilities:

• Project Analysis:
• Review project plans, drawings, and specifications.
• Identify materials, labour, time, and equipment requirements.
• Cost Estimation:
• Prepare detailed cost estimates, including direct and indirect costs.
• Utilize estimating software and historical data.
• Supplier \& Subcontractor Engagement:
• Obtain and analyse quotations from suppliers and subcontractors.
• Evaluate vendor proposals for accuracy and competitiveness.
• Risk Assessment:
• Identify potential project risks and assess cost implications.
• Apply contingency factors where appropriate.
• Bid Preparation:
• Prepare and submit timely and competitive bids.
• Support bid strategies and attend tender meetings.
• Collaboration:
• Work closely with project managers, engineers, and finance teams.
• Maintain effective communication across departments.
• Documentation \& Reporting:
• Maintain up-to-date records of estimates and pricing data.
• Prepare post-estimate reviews and lessons learned.

Accountabilities:

• Delivering accurate and timely cost estimates.
• Maintaining cost databases and estimation tools.
• Ensuring estimates align with company profitability and risk standards.
• Supporting successful project bids and proposals.
• Adhering to company policies, standards, and ethical guidelines.

Key Competencies:

• Technical Proficiency: Understanding of construction methods, materials, and regulations.
• Numeracy \& Analytical Skills: High accuracy in cost analysis and financial forecasting.
• Attention to Detail: Precision in estimates, documentation, and scope analysis.
• Communication: Clear and professional interaction with stakeholders.
• Time Management: Ability to manage multiple bids with tight deadlines.
• Negotiation Skills: Effective in obtaining favourable quotes from vendors.
• Software Proficiency: Experience with estimation software (e.g., CostX, Bluebeam, MS Excel).

Key Performance Indicators (KPIs):

KPI

Description

Bid Accuracy Rate

% difference between estimated and actual project costs.

Bid Win Rate

% of successful bids versus total submitted.

Estimate Turnaround Time

Average time taken to complete an estimate.

Number of Estimates Completed

Volume of estimates produced within a given period.

Supplier Quote Accuracy

Accuracy and reliability of vendor quotes used in estimates.

Client Satisfaction

Feedback on the clarity and accuracy of the estimates.

Margin Accuracy

Variance between projected and actual profit margins.

Pay: KD250.000 - KD300.000 per month

Work Location: In person