COSTING ENGINEER (3 5 YEARS EXPERIENCE)

Position Title: Costing Engineer

Department: Costing Estimation / Engineering

Experience Required: 3 5 Years

Industry Preference: Material Handling Equipment Manufacturing / Engineering

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

📌 COSTING ENGINEER (Pune)
🏢 Technovision Engineers
📍 Pune