Costing Executive

Role Purpose

Responsible for preparing accurate and competitive cost estimates for electrical products, projects, tenders, and customer enquiries. The role involves analyzing technical requirements, preparing BOQ/BOM-based costing, obtaining vendor prices, evaluating project costs, and supporting the Sales and Project teams in achieving profitable business.

Key Responsibilities

• Prepare detailed cost estimates and quotations for electrical products, projects, and customer enquiries.
• Study RFQs, technical specifications, drawings, BOQs, BOMs, and tender documents to understand project requirements.
• Obtain and analyze quotations from vendors for electrical materials, components, equipment, and services.
• Coordinate with Sales, Design/Engineering, Procurement, Projects, Production, and Finance teams for accurate costing.
• Prepare BOQ/BOM-based costing, including material, labor, fabrication, testing, transportation, installation, and other project-related costs.
• Analyze historical costing, market prices, vendor quotations, and project data to improve cost accuracy.
• Calculate selling prices, gross margins, mark-ups, and profitability as per company guidelines.
• Identify cost-saving opportunities through alternate materials, vendors, specifications, and value-engineering options.
• Prepare commercial comparisons and support the Sales team during negotiations with customers.
• Review and validate vendor quotations, price revisions, and commercial terms.
• Maintain costing databases for electrical materials, components, vendors, and standard items.
• Support tender costing and commercial submissions within defined timelines.
• Track changes in material prices and their impact on project/product costing.
• Assist in preparing revised quotations for scope changes, price variations, and customer requirements.
• Ensure costing follows approved company pricing policies, approval matrices, and commercial guidelines.
• Maintain proper documentation and records of quotations, cost sheets, vendor prices, and approvals.
• Provide management with costing analysis, margin reports, and commercial insights whenever required.

Key Skills & Competencies

• Strong knowledge of electrical materials, components, equipment, and project requirements.
• Good understanding of BOQ, BOM, drawings, specifications, and electrical terminology.
• Strong analytical and numerical skills with attention to detail.
• Ability to prepare detailed cost sheets and commercial quotations.
• Good understanding of material costing, labor costing, overheads, margins, and profitability.
• Strong vendor coordination and negotiation skills.
• Proficiency in MS Excel and costing/ERP systems.
• Good communication and coordination skills.
• Ability to work under tight deadlines and manage multiple RFQs/tenders simultaneously.
• Strong problem-solving and commercial awareness.