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    Job · 15792678

    Fluid And Power Automations logo

    Costing Engineer

    Fluid And Power Automations · Panaji · onsite · Posted 47d ago

    ₹3.5L - ₹5.0L PA4–5 yrsfulltimeSourced fromNaukri

    About a minute. You'll make an account on the way through.

    About this role

    About Us


    At FPA, we are committed to delivering innovative, high-quality engineering solutions across infrastructure, industrial, and power distribution sectors. Our success is driven by precision, collaboration, and a forward-thinking approach to project execution.

    We are looking for a dynamic Costing Engineer who thrives in a fast-paced environment and is passionate about driving cost efficiency, competitive bidding, and project profitability.


    Role Overview

    As a Costing Engineer, you will play a critical role in project planning and commercial success by preparing accurate cost estimates, BOQs, and tender submissions. You will collaborate closely with cross-functional teams to ensure that all costings align with technical specifications, market trends, and business objectives, enabling us to deliver value-driven solutions to our clients.


    Key Responsibilities


    Cost Estimation & Analysis

    • Develop detailed and accurate cost estimates based on project specifications, electrical designs, and scope documentation
    • Perform cost modeling, forecasting, and cost-benefit analysis to support decision-making
    • Maintain and optimize overhead cost databases for improved cost tracking and allocation
    • Leverage tools such as Excel, ERP systems, and costing software for efficient analysis

    Tendering & Bid Management

    • Prepare and submit technical and commercial bid proposals in line with client requirements
    • Review and interpret tender documents, contracts, and scope of work
    • Analyze historical data to recommend competitive pricing strategies
    • Ensure full compliance with industry standards, legal regulations, and client expectations

    Vendor & Procurement Coordination

    • Engage with vendors, suppliers, and subcontractors to obtain competitive quotations
    • Conduct technical and commercial evaluations of vendor proposals
    • Monitor market trends and material price fluctuations to inform procurement strategies
    • Collaborate with procurement teams to anticipate cost escalations and risks

    Cost Control & Budgeting

    • Track project costs by comparing estimated vs. actual expenditures
    • Identify cost variances, overruns, and savings opportunities
    • Support teams in implementing cost optimization initiatives
    • Contribute to financial planning and budget management activities

    Collaboration & Stakeholder Engagement

    • Work closely with engineering, procurement, finance, HR, and project teams
    • Participate in project review meetings and strategic discussions
    • Provide insights to support data-driven decision-making

    Documentation & Reporting

    • Maintain updated records of material costs, labor rates, and subcontractor data
    • Prepare comprehensive costing reports, bid summaries, and analysis dashboards
    • Present regular updates on cost trends, tender outcomes, and project performance

    What Were Looking For


    Qualifications

    • Bachelors degree in Electrical Engineering, Cost Engineering, or a related field

    Experience

    • 4-5 years of hands-on experience in cost estimation, tendering, and project budgeting
    • Experience in infrastructure, construction, industrial, or power distribution projects is an advantage

    Skills & Competencies

    • Strong understanding of electrical systems, load calculations, and design principles
    • Expertise in BOQ preparation, bid management, and cost modeling
    • Knowledge of contract management, risk assessment, and tendering standards
    • Advanced proficiency in Excel, ERP systems, and costing tools
    • Excellent negotiation, analytical, and vendor management skills
    • Ability to manage multiple priorities and meet tight deadlines
    • Detail-oriented with a proactive and solution-driven mindset

    Why Join Us?


    • Be part of a high-impact team driving complex engineering projects
    • Work in a collaborative and innovation-driven environment
    • Gain exposure to diverse, large-scale projects across industries
    • Opportunities for professional growth and career advancement

    Apply Now

    If you are passionate about cost optimization, strategic bidding, and delivering value, we would love to hear from you. Join us and contribute to building efficient, future-ready engineering solutions.



    Sourced from naukri

    Skills

    Cost EstimationCostingRate Analysiscost engineeringCost ManagementCost Analysis

    Costing Engineer · waiting for your command