Cost and Estimation Engineer

Gopalan Aerospace India Pvt Ltd; Hosakote; On-site; INR 700,000 - 1,100,000; Full time

Job summary

Gopalan Aerospace India Pvt Ltd is seeking a Cost Estimation & Quotation professional to prepare accurate cost estimates for aerospace parts, assemblies, tooling and manufacturing projects from drawings, specifications and RFQs. The role emphasizes 95% estimation accuracy and timely quotations across multiple cost domains.

You will study drawings, BOMs, GD&T and material requirements before costing, review technical inputs, perform should-cost analysis and support RFQ submissions with viable

Responsibilities

• Prepare accurate cost estimates for aerospace parts, assemblies, tooling and manufacturing projects from drawings, specifications and RFQs.
• Estimation accuracy 95%; quotations submitted within agreed timelines
• Study drawings, BOMs, specifications, GD&T, material requirements and customer requirements before costing.
• 100% technical inputs reviewed before quotation
• Calculate material costs, bought-out components, consumables, wastage and yield for aerospace materials
• Develop operation-wise costing for machining, fabrication, composites, assembly, inspection, testing and finishing
• Establish standard labour hours, machine hours, setup time, cycle time and process rates from data
• Estimate tooling, fixtures, jigs, gauges, dies, molds and special equipment requirements for aerospace projects
• Obtain and evaluate costs for NDT, heat treatment, surface treatment, plating, painting, composite processing and other special processes
• Analyse customer RFQs, prepare commercial cost sheets and support Sales/BD in submitting technically and commercially viable quotations
• Benchmark estimated costs against previous programs, similar components, market rates and historical actual costs
• Develop should-cost models for aerospace components to identify realistic manufacturing costs and target prices
• Identify opportunities for material optimisation, process improvement, cycle-time reduction, make-vs-buy and alternate manufacturing methods
• Compare quoted/estimated costs with actual production costs after order execution and identify estimation gaps

Job description

Roles and responsibilities

1. Cost Estimation & Quotation

Prepare accurate cost estimates for new aerospace parts, assemblies, tooling and manufacturing projects based on drawings, specifications and customer RFQs.

Estimation accuracy 95%; quotations submitted within agreed timelines

2. Drawing & Technical Evaluation

Study aerospace drawings, BOMs, specifications, GD&T, material requirements, special processes and customer requirements before costing.

100% technical inputs reviewed before quotation

3. Material Costing

Calculate raw material, bought-out components, consumables, wastage, scrap and yield factors for metals/composites and other aerospace materials.Material variance maintained within approved tolerance

4. Process Costing

Develop operation-wise costing covering machining, fabrication, composite manufacturing, assembly, inspection, testing and finishing processes.Operation-wise costing available for 100% quotations

5. Labour & Machine Hour Costing

Establish standard labour hours, machine hours, setup time, cycle time and process rates based on actual manufacturing data.Standard costing accuracy 95%

6. Tooling & Fixture Costing

Estimate tooling, fixtures, jigs, gauges, dies, molds and special equipment requirements for aerospace projects.Tooling estimates completed within quotation timelines

7. Subcontract / Special Process Costing

Obtain and evaluate costs for NDT, heat treatment, surface treatment, plating, painting, composite processing, testing and other special processes.Competitive and technically compliant vendor quotes

8. RFQ & Customer Quotation Support

Analyse customer RFQs, prepare commercial cost sheets and support Sales/BD in submitting technically and commercially viable quotations.100% RFQs responded within target timeline

9. Cost Benchmarking

Benchmark estimated costs against previous programs, similar components, market rates and historical actual costs.Continuous reduction in estimation variance

10. Should-Cost Analysis

Develop should-cost models for aerospace components to identify realistic manufacturing costs and target prices.Documented should-cost analysis for major RFQs

11. Cost Reduction / VA-VE

Identify opportunities for material optimisation, process improvement, cycle-time reduction, make-vs-buy and alternate manufacturing methods.Annual cost-reduction opportunities identified and implemented

12. Actual vs Estimated Cost Analysis

Compare quoted/estimated costs with actual production costs after order execution and identify estimation gaps.Monthly variance analysis; corrective actions for major deviations.