MUMBAI · FULLTIME
Assistant Deputy Manager Costing & Estimation

Lloyds Steel Industries Ltd.
Mumbai · onsite · Posted 3d ago
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Section · 01
About this role
Role & responsibilities
Costing & Estimation
- Review RFQs, tenders, specifications, and customer requirements from Defence
customers, shipyards, and OEM partners.
- Prepare detailed cost estimates covering materials, bought-outs, fabrication,
machining, assembly, testing, logistics, warranty, and overheads.
- Develop BOMs, cost sheets, and pricing models for new bids, repeat orders, and
Product Life Support opportunities.
- Support bid reviews by identifying commercial risks, assumptions, and cost
drivers.
Supplier Development & Cost Optimization
- Source and evaluate supplier quotations through techno-commercial analysis.
- Develop and maintain a qualified vendor database for mechanical, hydraulic,
electrical, and marine equipment.
- Negotiate pricing, delivery schedules, and commercial terms to achieve cost
competitiveness.
- Identify localization and alternate sourcing opportunities to reduce costs and
improve supply resilience.
Commercial & Post-Award Support
- Support preparation of commercial proposals, budgetary quotations, and cost
justifications.
- Establish project cost baselines and track actual costs against estimates.
- Assess cost impacts arising from engineering changes, scope variations, and
customer-driven modifications.
- Continuously improve costing models using actual project data and lessons
learned.
Systems & Governance
- Maintain standardized costing templates, historical cost databases, and vendor
rate records.
- Ensure all estimates are traceable, documented, and audit-ready.
- Support management with profitability analysis and pricing strategy
recommendations.
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Section · 02
Skills
Section · Company
About Lloyds Engineering Works Limited

Lloyds Steel Industries Ltd.
Industrial Machinery
250
employees
1974
52 years old
Mumbai, Maharashtra
India
₹6.4L PA avg
Avg at Lloyds Engineering Works Limited
₹6L – ₹10L PA
This role
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Employee ratings
10 reviews
Culture
3.6
Career growth
3.4
Work-life
3.7
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