Role & responsibilities

Costing & Estimation

- Review RFQs, tenders, specifications, and customer requirements from Defence

customers, shipyards, and OEM partners.
- Prepare detailed cost estimates covering materials, bought-outs, fabrication,

machining, assembly, testing, logistics, warranty, and overheads.
- Develop BOMs, cost sheets, and pricing models for current bids, repeat orders, and

Product Life Support opportunities.
- Support bid reviews by identifying commercial risks, assumptions, and cost

drivers. Supplier Development & Cost Optimization
- Source and evaluate supplier quotations through techno-commercial analysis.
- Develop and maintain a qualified vendor database for mechanical, hydraulic,

electrical, and marine equipment.
- Negotiate pricing, delivery schedules, and commercial terms to achieve cost

competitiveness.
- Identify localization and alternate sourcing opportunities to reduce costs and





improve supply resilience. Commercial & Post-Award Support
- Support preparation of commercial proposals, budgetary quotations, and cost

justifications.
- Establish project cost baselines and track actual costs against estimates.
- Assess cost impacts arising from engineering changes, scope variations, and

customer-driven modifications.
- Continuously improve costing models using actual project data and lessons

learned. Systems & Governance
- Maintain standardized costing templates, historical cost databases, and vendor

rate records.
- Ensure all estimates are traceable, documented, and audit-ready.
- Support management with profitability analysis and pricing strategy

recommendations.

Preferred candidate profile

📌 Assistant Deputy Manager Costing & Estimation (Mumbai)
🏢 Lloyds Steels
📍 Mumbai