Cost Estimator

Responsibilities

Cost Estimation:

• Collaborate with project managers and management team to develop meticulous cost estimates aligned with project specifications.
• Collect cost data to estimate total costs for both current and future projects
• Aid in selecting subcontractors or vendors and in hiring labor to keep cost estimates on schedule and ahead of schedule
• Track actual costs as a project develops and assess cost effectiveness of projects, services or products
• Set up cost reporting and monitoring procedures and systems in order to streamline the process
• Use industry-best practices and cutting-edge software to calculate material, labour, and overhead costs for the set initiatives.

BOQ Pricing for Assigned Projects:

• Evaluate and price BOQs for the assigned projects, ensuring accuracy and compliance with industry standards.
• Prepare bids, hire subcontractors and place orders with vendors
• Work closely with the organisation's procurement teams to secure updated pricing for materials and services.

Data Analysis:

• Stay abreast of market trends and conduct in-depth analyses relevant to specific requirements.
• Maintain a comprehensive database of cost information to facilitate efficient future project planning.
• Use actual expenses to update materials and labor cost databases
• Analyze historical data and current trends to improve processes and reduce costs

Project Documentation & Investigation:

• Prepare and present clear, concise cost estimates and pricing information tailored to the project needs.
• Document assumptions and methodologies, ensuring relevant stakeholders have transparent insights into the estimation process.
• Perform onsite investigations during the course of a project and make adjustments to project budgets as needed
• Visit sites to verify proposal accuracy, take photos and make additional observations

Stakeholder Management:

• Effectively collaborate with cross-functional project teams, engineers, architects, and other stakeholders to ensure seamless communication and precise cost information.
• Consult with construction foremen, vendors, clients and management personnel to discuss estimates and resolve issues that may arise
• Provide stakeholders with necessary explanations for cost variations and updates.
• Analyze documentation, such as blueprints and other data, to prepare materials, cost, time and labor estimates
• Break down all expenses and prepare reports to assist management in the organizing, planning and scheduling of work

Qualifications

• First degree in Civil Engineering, Building, Construction Management and any related discipline
• Minimum of 5 years of experience as a Cost Estimator in a construction/Engineering setup
• Deep understanding of project scheduling
• Good knowledge of Financial Analysis Tools
• Ability to work both independently and collaboratively
• Ability to read and interpret blueprints.
• Good verbal and written communication skills.
• Proficient with computer estimation software.
• Good project management skills.
• Possession of professional certifications such as COREN or PMP