Costing and Estimation Engineer
Costing and Estimation Engineer
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Job Description
in Mechanical Engineering with a minimum of 5 years of relevant experience
Diploma in Mechanical Engineering with a minimum of 10 years of relevant experience
Job Summary:
We are looking for a skilled and detail-oriented Costing and Estimation Engineer to join our Mechanical R&D team. In this role you will be responsible for providing accurate cost estimation benchmark pricing and project costing to support critical decision-making across mechanical engineering projects. Your insights will play a key role in cost optimization resource planning and overall project profitability.
Key Responsibilities:
Prepare detailed manufacturing cost estimates benchmark pricing and stage-wise project costing.
Interpret engineering drawings and specifications to calculate material labor manpower and overhead costs.
Collaborate with design procurement and production teams to gather cost data and understand project requirements.
Develop cost estimation models using Excel and other costing software/tools.
Perform cost comparison studies support vendor negotiations and recommend cost-saving opportunities.
Maintain and update costing databases price lists and standard cost templates.
Participate in design reviews to provide cost-related insights and support design-to-cost initiatives.
Analyze cost variances during and after project execution to identify areas for improvement.
Scope of Costing Work:
The costing role is not limited to but also includes part types such as:
Machined parts
Fabricated components
Bought-out items
Transmission parts
Engineering components like bearings pulleys etc.
Special processes such as galvanizing powder coating etc.
Key Skills Required:
Mechanical Engineering Background Strong knowledge of mechanical design manufacturing processes and engineering materials.
Cost Estimation Experience Proven experience in cost estimation and evaluation for mechanical components and assemblies.
Analytical Skills Ability to work with complex data sets and provide actionable costing insights.
Communication Skills Excellent verbal and written communication for cross-functional collaboration.
Costing Tools Proficiency Skilled in spreadsheets costing software and the ability to read technical drawings calculate manpower and stage-wise costs.
Preferred Software Knowledge Working knowledge of SolidWorks and PLM Windchill is an added advantage.
Preferred Attributes:
High attention to detail and commitment to accuracy
Ability to handle multiple projects simultaneously
Strong problem-solving attitude and ownership mindset
Experience in R&D or product-based manufacturing environments
Employment Type
Full Time
