Cost Estimator

Job Description

Title: Cost Estimator

Company Name: Promixco Group

Vacancy: Not specific

Job Location: Anywhere in Bangladesh

Employment Status: Full-time

Educational Requirements:
∎ Master of Business Administration (MBA)

Experience Requirements:
∎ 12 to 15 year(s)

Job Responsibilities:
∎ Reviewing and understanding project plans, specifications, and requirements to gather necessary information for cost estimation.
∎ Cost Data Research: Collecting and analyzing data from various sources, such as historical records, industry databases, vendor quotes, and market trends, to determine accurate cost figures.
∎ Quantitative Analysis: Applying mathematical formulas and statistical techniques to develop cost models and estimate project costs based on the scope of work.
∎ Labor and Material Cost Estimation: Evaluating the required labor hours and the cost of materials needed to complete the project.
∎ Equipment and Resource Cost Evaluation: Assessing the costs of equipment, machinery, and resources necessary for the project.
∎ Cost Breakdown: Dividing the total cost into individual cost components, such as labor, materials, equipment, overhead, and contingency.
∎ Pricing Strategy: Collaborating with sales and marketing teams to develop pricing strategies that align with cost estimates and market conditions.
∎ Proposal Preparation: Creating cost estimates for project proposals and bids, providing a detailed breakdown of costs to clients or management.
∎ Cost Control: Monitoring project costs throughout its lifecycle, identifying cost variances, and suggesting cost-saving measures when necessary.
∎ Risk Assessment: Analyzing potential risks and uncertainties that could impact project costs and incorporating contingencies to account for unforeseen events.
∎ Communication: Presenting cost estimation reports and findings to stakeholders, clients, and project teams in a clear and understandable manner.
∎ Update and Maintain Records: Keeping track of cost estimation data, updating databases, and maintaining accurate records for future reference and analysis.
∎ Continuous Improvement: Staying updated with industry trends, new cost estimation techniques, and technologies to enhance the accuracy and efficiency of the estimation process.
∎ Compliance: Ensuring compliance with relevant regulations, standards, and company policies in cost estimation practices.
∎ Collaboration: Collaborating with project managers, engineers, procurement specialists, and other stakeholders to understand project requirements and incorporate their input into cost estimates.
∎ The role of a Cost Estimator is crucial in ensuring that projects are financially viable, competitive, and completed within budget constraints. They play a vital role in supporting effective decision-making and maximizing the profitability of an organization's endeavors.

Additional Requirements:
∎ Age 30 to 45 years
∎ Only males are allowed to apply

Salary: Negotiable

Compensation & Other Benefits:
∎ Mobile bill, Performance bonus

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 15 Aug 2023

Company Information:
∎ 16 Jul 2023
∎ Promixco Group
∎ Address : BGIC Tower (5th Floor), 34 Topkhana Road, Dhaka-1000, Bangladesh.
∎ Web : www.promixcogroup.com

Category: Accounting/Finance

: Minimum 5 years of Experience in Related Service. Otherwise, No Need to Apply.