Project Cost Estimator for furniture manufacturing industry

A Project Cost Estimator is responsible for accurately calculating and forecasting the costs associated with a project, from inception to completion. They analyze project specifications, materials, labor, and other factors to develop detailed estimates that enable organizations to plan and budget effectively.

Key Responsibilities:

• Project Analysis: Review project plans, blueprints, specifications, and other relevant documents to understand the scope, requirements, and objectives of the project.
• Cost Estimation: Utilize specialized software and tools to calculate the costs associated with various project elements, including materials, labor, equipment, permits, and overhead.
• Data Collection: Gather data on material prices, labor rates, and other cost-related information from suppliers, contractors, and industry databases.
• Quantitative Analysis: Conduct quantitative analysis of project requirements, considering variables such as quantity, quality, and timing, to ensure accurate cost calculations.
• Risk Assessment: Identify and assess potential risks and uncertainties that could impact project costs and develop contingency plans.
• Budget Development: Collaborate with project managers and stakeholders to develop detailed project budgets based on cost estimates.
• Cost Tracking: Monitor project costs throughout its lifecycle, track actual expenditures against budgeted costs, and provide regular reports to stakeholders.
• Bid Preparation: Prepare detailed cost estimates for project bids and proposals to help organizations secure contracts.
• Cost Optimization: Identify opportunities for cost savings or value engineering without compromising project quality or safety.
• Documentation: Maintain accurate records of cost estimates, assumptions, and data sources for future reference and auditing purposes.
• Compliance: Ensure compliance with industry standards, regulations, and company policies when estimating project costs.
• Communication: Communicate cost-related information effectively to project teams, management, and external stakeholders.
• Continuous Improvement: Stay updated on industry trends, cost estimation techniques, and software tools to enhance accuracy and efficiency.
• Qualifications:
• Bachelor's degree in engineering, construction management, finance, or a related field.
• Relevant certifications, such as Certified Cost Estimator/Analyst (CCEA) or Certified Professional Estimator (CPE), may be preferred.
• Proficiency in cost estimation software and Microsoft Excel.
• Strong analytical, mathematical, and problem-solving skills.
• Excellent attention to detail and accuracy.
• Knowledge of industry-specific regulations and standards.
• Effective communication and interpersonal skills.
• Ability to work independently and as part of a team.

Experience:

Typically, 3-5 years of experience in project cost estimation

Previous experience in the specific industry or sector of the hiring organization is preferred.

Email: admin@siegerindustries.com Mob; 03005013552 (HR Deptt)

ceo@siegerindustries.com

Job Type: Full-time

Pay: From Rs80,000.00 per month