Estimation & Costing Engineer

Lloyds Steels; Mumbai Suburban; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Lloyds Steels is seeking an Estimation and Costing Engineer in Mumbai to prepare accurate cost estimates, take-offs, and budgets for civil and interior finishing projects. You will analyze drawings and specs to ensure competitive bidding, monitor costs, and propose optimization strategies while maintaining quality and compliance.

Office-based with occasional site visits. Responsibilities include tender submissions, vendor coordination, and cost reporting to support project execution and

Qualifications

• Detailed quantity take-offs for civil works including RCC and finishing.
• Prepare accurate cost estimates covering materials, labour, equipment and overheads.
• Develop rate analyses for construction activities.
• Prepare tender submissions with pricing and supporting documents.
• Coordinate with vendors/subcontractors for quotations.
• Review drawings, BOQs, specs to ensure competitive bidding.
• Monitor costs and identify budget deviations.

Responsibilities

• Review architectural/interior/structural drawings, BOQs, and specs.
• Perform detailed quantity take-offs for civil works.
• Prepare comprehensive cost estimates and budgets.
• Develop rate analysis for activities and prepare tender submissions.
• Coordinate with vendors and subcontractors for quotes.
• Assist in pre-bid meetings and document cost revisions.
• Prepare cost comparison statements and regular cost reports.

Skills

Quantity take-off

Cost estimation

Tender pricing

Cost optimization

Vendor negotiations

Analytical skills

Communication skills

Budget monitoring

Tools

Excel

AutoCAD

MS Projects

Job description

Job Profile

The Estimation and Costing Engineer is responsible for preparing accurate cost estimates, quantity take-offs, and budgets for civil & Interior finishing, construction projects. The role involves analyzing drawings, specifications, and project scope to ensure competitive and profitable bidding while maintaining quality and compliance standards.

Key Responsibilities

1. Quantity Take-Off & Cost Estimation

• Review architectural, Interior and structural drawings, BOQs, and specifications.
• Perform detailed quantity take-offs for civil works (RCC, finishing, infrastructure, etc.).
• Prepare cost estimates including materials, labour, equipment, and overheads.
• Develop rate analysis for various construction activities.

2. Tendering & Bidding

• Analyse tender documents and identify scope, risks, and constraints.
• Prepare tender submissions with accurate pricing and supporting documents.
• Coordinate with vendors and subcontractors to obtain quotations.
• Participate in pre-bid meetings and clarify technical/commercial queries.

3. Cost Planning & Budgeting

• Prepare project budgets and cost plans.
• Monitor project costs and identify deviations from the budget.
• Suggest cost optimization strategies without compromising quality.

4. Vendor & Subcontractor Management

• Evaluate vendor quotations and negotiate pricing.
• Maintain a database of approved vendors and rate history.
• Assist in finalizing subcontractor packages.

5. Coordination & Reporting

• Work closely with design, procurement, and project execution teams.
• Prepare cost comparison statements and reports.
• Provide regular updates on estimate revisions and project costing.

Key Skills

• Strong knowledge of construction methods and materials.
• Proficiency in estimation software and tools (e.g., Excel, AutoCAD, MS Projects, or equivalent).
• Good understanding of BOQ preparation and rate analysis.
• Strong analytical and numerical skills.
• Excellent negotiation and communication skills.
• Attention to detail and ability to meet deadlines.

Preferred Skills

• Experience in EPC or large-scale construction projects.
• Familiarity with contracts and commercial terms.
• Knowledge of local construction codes and standards.

Work Environment

• Office-based with occasional site visits as required.