Position Offered: Costing Engineer
Qualification: Bachelor’s Degree / Diploma in Mechanical Engineering, Industrial Engineering, or related field.
Experience: 3–5 Years
Location: Pimpri-Chinchwad, Pune
Role Overview:
-The Costing Engineer will be responsible for preparing accurate cost estimates for material handling equipment, fabrication items.
-installation works, and related engineering projects. The role requires solid understanding of mechanical & electrical drawings.
-manufacturing processes, BOM-based costing, market price benchmarking, and project budgeting. The individual will collaborate with.
-Design, Procurement, Production, and Sales to ensure cost competitiveness and profitability.
Key Responsibilities:
1. Product & Project Costing:
-Develop detailed cost estimates for material handling equipment and engineered components.
-Evaluate Bill of Materials (BOM) against current market pricing and vendor quotations.
-Analyze material consumption, process times, and manufacturing cost variables to arrive at accurate cost projections.
2. Drawing & Specification Study:
-Interpret mechanical and electrical drawings, GA drawings, fabrication drawings, and technical specifications.
-Identify material requirements, fabrication processes, machining needs, assembly operations, and electrical component selection based on drawings.
3. Market Evaluation:
-Conduct market research for raw materials, bought-out items, electrical components, and fabrication elements.
-Benchmark vendor and subcontractor pricing to maintain competitive and realistic cost structures.
-Maintain updated cost databases for materials, consumables, and standard equipment.
4. Process & Manufacturing Cost Assessment:
-Evaluate costs associated with powder coating, painting, fabrication, machining, welding, surface treatment, and other manufacturing processes.
-Calculate man-hours, machine operating costs, overheads, tooling costs, and quality cost implications.
-Validate internal and subcontracting cost sheets and negotiate cost benchmarks where required.
5. Installation Costing & Budgeting:
-Estimate site installation costs including manpower, consumables, logistics, tools, and safety requirements.
-Prepare project cost budgets, installation schedules, and feasibility cost reports.
-Support project planning teams with installation cost inputs and budgetary estimations.
6. Cost Control & Optimization:
-Recommend cost reduction methods through design optimization, material substitution, and process improvements.
-Support procurement in vendor evaluations and negotiations from a cost analysis perspective.
-Provide costing support during technical and commercial bidding
7. Documentation & Reporting:
-Prepare costing sheets, price models, budgetary reports, and process cost summaries.
-Present comparison of estimated vs. actual costs and identify cost variances.
-Maintain standardized costing templates, guidelines, and cost libraries
Required Skills & Competencies:
-Strong knowledge of material handling equipment manufacturing processes.
-Ability to read and interpret detailed mechanical and electrical engineering drawings.
-Good understanding of fabrication methods, machining, surface treatments, powder coating, and painting processes.
-Expertise in BOM preparation, price benchmarking, and market rate analysis.
-Familiarity with installation activities, manpower estimates, and project budgeting.
-Proficiency in MS Excel or costing software (ERP experience preferred).
-Analytical mindset with strong attention to detail.
-Good communication and coordination skills across design, procurement, and production functions.
alary and Benefits:
-Salary and benefits will be commensurate with experience level of the candidate and according to the objectives reached.