To prepare accurate cost estimates and quotations for customer inquiries by analyzing technical drawings, material requirements, labour costs, production expenses and other related costs to ensure competitive pricing and profitability.
2. Key Roles & Responsibilities
- Receive and review customer inquiries, technical specifications and drawings.
- Prepare cost estimates for products based on material, labour, manufacturing and overhead costs.
- Analyse engineering drawings and understand product specifications.
- Calculate material requirements and prepare material cost sheets.
- Coordinate with the production, design, procurement and sales teams to collect costing inputs.
- Obtain quotations from vendors and suppliers for required materials and components.
- Prepare and submit quotations to customers within the specified timelines.
- Follow up with the sales team regarding submitted quotations and customer feedback.
- Maintain estimation records, costing sheets and quotation databases.
- Analyse changes in raw material prices and update costing accordingly.
- Support the sales team in commercial negotiations and pricing discussions.
- Ensure accuracy in costing and maintain proper documentation.
3. Required Skills & Competencies
- Good knowledge of cost estimation and costing methods.
- Ability to read and understand engineering drawings.
- Knowledge of MS Excel and ERP software.
- Positive analytical and numerical skills.
- Knowledge of raw materials, fabrication and manufacturing processes.
- Strong communication and coordination skills.
- Attention to detail and accuracy.
- Ability to work under deadlines.
4. Educational Qualification
- B.Com/MBA in marketing or equivalent qualification.
- Additional certification in costing or estimation will be an advantage.
5. Experience
0.6–2 years of experience in estimation, costing or quotation preparation.
- Experience in steel fabrication, industrial equipment manufacturing or engineering industries is preferred.
6. Key Performance Indicators (KPIs)
- Accuracy of cost estimates.
- Timely submission of quotations.
- Quotation turnaround time.
- Cost optimization and profitability.
- Follow-up and conversion rate of quotations.
- Accuracy of material costing.