Costing Engineer

NESTPRO

Costing Engineer - Vendor Development Constriction Division

Costing Engineer / Manager

Education

UG: B Tech / B E . Mechanical Engineering, Industrial Engineering, Civil Engineering

Experience: 5 to 15 Year Experience Needed

Salary: 20k to 60k PM

Opening Post 1

Job description

Role & responsibilities

Cost Analysis:

o Analyze and evaluate costs associated with materials, labor, equipment, and overheads required for SPM projects.

o Knowledge to Participate in Tender, knowledge to prepare in tender

o Implement zero-based costing principles to thoroughly assess all expenses, starting from a baseline of zero, and justify each cost item based on its necessity and contribution to project objectives.

Estimation and Quoting:

o Develop accurate cost estimates for SPM projects based on technical specifications bill of quantities (BOQ), and manufacturing processes.

o Incorporate zero-based costing methodology into the estimation process to ensure that all costs are justified and optimized for maximum value.

Value Engineering:

o Work closely with design and engineering teams to identify opportunities for value engineering to reduce costs while maintaining or enhancing product performance and quality.

o Implement zero-based costing techniques to challenge existing cost assumptions and explore innovative solutions for cost reduction without sacrificing product integrity.

Vendor Management:

o Liaise with suppliers and subcontractors to obtain competitive pricing for components, materials, and services required for SPM manufacturing.

o Apply zero-based costing principles when negotiating with vendors to ensure that costs are justified and aligned with project objectives, seeking alternative suppliers if necessary to optimize expenses.

Cost Tracking and Control:

o Develop and maintain cost tracking systems to monitor project expenditures against budgets throughout the product lifecycle.

o Utilize zero-based costing methodologies to track and control costs at every

• Experience5 - 11 Years
• No. of Openings1
• EducationB.Tech
• RoleCosting Engineer
• Industry TypeReal Estate / Property / Construction
• GenderMale
• Job CountryIndia
• Job TypeWork from Office