Cost Estimation Engineer

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

Cost Modeling and Estimation

Quantity Surveying

Risk Management

Value Engineering

Contract Negotiation

Cost Control and Budgeting

Software Proficiency (Cost Estimation Tools)

Data Analysis and Reporting

Project Management

Knowledge of Construction Materials and Methods

Regulatory Compliance

Communication, teamwork, and critical thinking to ensure seamless project execution.

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

Task

95%

Develop detailed cost estimates for engineering projects, considering materials, labor, and equipment costs.

90%

Analyze project requirements and specifications to determine the scope of work and cost drivers.

85%

Prepare and present cost reports to project managers and stakeholders, highlighting potential cost overruns.

80%

Conduct risk assessments to identify potential cost risks and develop mitigation strategies.

75%

Collaborate with engineering and procurement teams to optimize project costs and ensure budget adherence.

70%

Maintain a database of cost data and historical project costs for future reference and benchmarking.

65%

Evaluate vendor quotes and negotiate pricing to achieve cost savings on materials and equipment.

60%

Monitor project costs throughout the project lifecycle and identify opportunities for cost reduction.

Work Activities

Detailed Work Profile

Interests