Estimation Engineer
5 months ago
1- Review documentations:
- Review tender documents to check the content of the scope of work and its alignment with the company's business line.
- Analyze the project’s specifications and drawings to understand the scope and requirements.
- Prepare executive summaries briefing the scope of work.
2- Cost Estimation & Modeling:
- Create cost models that consider all relevant factors, including direct costs, indirect costs, overhead, and contingency allowances.
- Generate a Bid Summary by recommending the suggested markups.
- Prepare histograms for resources.
3- Data Analysis:
- Collect and analyze data related to construction costs, such as historical cost data, market trends, and industry benchmarks.
- Use this data to inform and refine cost estimates.
4- Quantity Takeoff: Perform quantity takeoffs by determining the quantities of activities, materials, labor, and equipment needed for a project based on project plans and specifications.
5- Bid Preparation: Prepare bid documents, including cost estimates, to submit competitive and accurate bids including the index of documents to be submitted (technical-commercial) offer.
6- Value Engineering: Identify cost savings and value optimization opportunities without compromising project quality and functionality.
7- Vendor and Supplier Management:
- Collaborate with vendors, suppliers, and subcontractors to gather cost data and quotations and evaluate their alignment with the project's cost estimate and objectives.
- Clarify, negotiate, and analyze the prices to determine the most cost-effective options.
- Prepare comparison statements for all received quotations.
8- Risk Assessment:
- Evaluate potential risks and uncertainties associated with the project and factor them into cost estimates.
- Develop contingency plans for unexpected costs.
9- Presentation and Reporting:
- Communicate cost estimates and findings to the Tendering team and Tendering Manager through reports and presentations.
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