(JD)Electrical Panel Costing Manager

Company: R&T; ELECTRICALS

Department: Estimation & Costing

Designation: Manager – Electrical Panel Costing

Reporting To: Director / Partner

Experience: 5–8 Years

Industry: Electrical Panel Manufacturing / Industrial Electrical Projects

Location: Kolkata

1. Job Purpose

The Electrical Panel Costing Manager will be responsible for managing the complete costing, estimation, pricing and commercial evaluation of electrical panel manufacturing projects. The candidate must have solid technical knowledge of LT/HT electrical panels, MCC, PCC, PCC cum MCC, APFC, VFD, PLC and distribution panels, along with expertise in electrical components, material costing, labour costing and project profitability analysis.

The primary objective is to ensure accurate, competitive and profitable quotations while maintaining cost control.

1. Key Responsibilities

A. Technical Costing & Estimation

- Prepare detailed costing for LT electrical panels.
- Analyse electrical single-line diagrams (SLD), schematic drawings and GA drawings.
- Prepare BOM (Bill of Materials) for different types of electrical panels.
- Calculate the cost of electrical components, including:
- ACB, MCCB, MCB and SFU.
- Contactors, relays and overload relays.
- VFD, PLC, HMI and SCADA-related hardware.
- Busbars (Copper/Aluminium).
- CT, PT, meters and protection relays.
- Enclosures, sheet metal and fabrication materials.
- Control wiring, power cables and accessories.
- Calculate copper and aluminium busbar requirements and wastage.
- Prepare detailed material consumption and manufacturing cost sheets.

B. Commercial Costing

- Calculate complete project costs, including:
- Direct material cost.
- Direct labour cost.
- Fabrication and assembly cost.
- Engineering and design cost.
- Testing and inspection cost.
- Overhead expenses.
- Packing and transportation.
- Calculate gross profit and contribution margins.
- Determine minimum acceptable selling prices.
- Prepare customer-wise and project-wise pricing strategies.
- Analyse vendor quotations and negotiate material prices.

C. Tender & Quotation Management

- Review customer enquiries and tender specifications.
- Prepare techno-commercial offers.
- Analyse BOQ and technical specifications.
- Coordinate with the sales and design departments.
- Identify deviations, exclusions and additional requirements.
- Prepare comparative statements for major projects.




- Maintain historical costing and quotation databases.

D. Cost Control & Profitability

- Compare estimated cost against actual project cost.
- Identify material and manufacturing cost variances.
- Monitor project-wise gross profit.
- Identify opportunities for cost reduction.
- Develop standard costing for regularly manufactured panels.
- Monitor material wastage and production efficiency.

E. Vendor & Purchase Coordination

- Develop and maintain an approved vendor database.
- Obtain competitive quotations from OEMs and suppliers.
- Maintain updated prices of electrical components.
- Compare brands such as Schneider, Siemens, ABB, L&T; and C&S.;
- Coordinate with purchase for material procurement and cost optimisation.

1. Key Performance Indicators (KPI)KPIPerformance MeasurementCosting AccuracyMinimum 95%Quotation PreparationWithin 24–48 hours, depending on complexityBOM AccuracyMinimum 98%Cost VarianceWithin approved toleranceVendor Price ComparisonFor major material categoriesQuotation ProfitabilityAs per approved marginCost ReductionMinimum 3–5% annuallyTender Support100% timely submissionActual vs Estimated CostProject-wise monitoringHistorical Cost DatabaseRegularly updated4. Required Technical Skills

- Strong knowledge of electrical panel manufacturing.
- Understanding of IEC 61439 standards.
- Knowledge of LT/HT switchgear components.
- Ability to read SLD, GA and electrical schematic drawings.
- Expertise in BOM preparation.
- Knowledge of copper busbar sizing and costing.
- Knowledge of sheet metal fabrication and powder coating.
- Understanding of manufacturing processes.
- Knowledge of tender costing and techno-commercial offers.

1. Software Skills

- Advanced Microsoft Excel.
- AutoCAD drawing interpretation.
- ERP costing modules.
- Excel-based automated costing sheets.
- Knowledge of electrical estimation software will be an advantage.

1. Educational Qualification

- Diploma / B.Tech in Electrical Engineering.
- Minimum 5–8 years of experience in electrical panel manufacturing.




- Experience in industrial electrical projects and tender costing preferred.

1. Personal Competencies

- Strong analytical and numerical skills.
- Commercial and negotiation abilities.
- Attention to detail.
- Decision-making capabilities.
- Coordination with sales, design, purchase and production teams.
- Ability to work under tight tender deadlines.

1. Key Deliverables to Management

The Costing Manager must submit the following reports: ReportFrequencyEnquiry-wise Costing ReportDailyQuotation Pending ReportDailyVendor Price ComparisonWeeklyEstimated vs Actual CostMonthlyProject-wise Gross Profit ReportMonthlyMaterial Cost Variance ReportMonthlyCost Reduction ReportQuarterlyStandard Component Price ListMonthly9. Authority & Accountability The Costing Manager will be responsible for:
- Finalising project costing before quotation submission.
- Recommending selling prices and profit margins.
- Highlighting commercial and technical risks.
- Ensuring no quotation is submitted without proper cost evaluation.
- Maintaining confidentiality of company pricing and costing data.

Important: Final quotation approval and discount authorisation will remain with the Director/Partner.

1. Management Expectation – R&T; ELECTRICALS

The Costing Manager is expected to establish a systematic and standardised costing department. The objective is to move from manual, experience-based costing to a structured, data-driven costing system where every enquiry has:
- Standard BOM.
- Accurate material costing.
- Manufacturing cost calculation.
- Project overhead allocation.
- Defined gross profit margin.
- Estimated vs actual cost comparison.
- Complete project profitability analysis.

Ultimate Goal: Every quotation submitted by R&T; ELECTRICALS should be technically accurate, commercially competitive and financially profitable. My Recommendation for R&T; ELECTRICALS

I would recommend recruiting someone with 5–8 years of actual electrical panel manufacturing costing experience, rather than a general electrical estimator.

The position should also be responsible for developing an automated Excel/ERP-based costing system.

This will help management monitor three critical numbers:

- Estimated Project Cost
- Final Quoted Price
- Actual Project Gross Profit

This role should directly report to the Director/Partner, not just the Purchase or Production Department. Pay: ₹15,000.00 - ₹25,000.00 per month

Work Location: In person

📌 Cost and estimation engineer (Kolkata)
🏢 Ru0026T Electricals
📍 Kolkata