Hector & Streak consulting Pvt. Ltd

Mulund West, Mumbai

The Primary role/function of the position of TIC cost Estimation and Cost Controller is to prepare and/or review and endorse cost estimates of different levels of accuracy depending on the maturity of the project definition during the various stages of the project lifecycle. The role involves developing multi-disciplinary conceptual and definitive cost estimates for a variety of projects. As a cost controller needs to track, analyze, and control the costs associated with a project.Develop and implement TIC Cost Estimate plan to support contract requirements. Discuss, coordinate, and resolve estimating input/queries with project team and subject matter experts available in the organization to ensure quality estimate.Ensure all assumptions / clarifications are properly documented.Responsible to create data bank from previous project which had already been completed.Perform complete analysis and cost validations using internal and external benchmarking data, historical indices, and component benchmarking.Participate & provide cost information on value engineering analysis.Mentor & supports the review of the estimates prepared by other cost engineers to ensure accuracy, completeness, and compliance with scope of work.Capable of doing rate analysis for the cost per unit of work in construction items.Analyze cost impact based on RFIs/Change Orders and maintain change order log.Familiar with all the contract requirements for the construction project.Establish budget & Cost Baseline and periodically forecasting the project TIC cost.Prepare and monitor periodically Cashflow of project life cycle.Monitor and control budgetary spending and billings as well as assist with the development of capital project budgets and forecasts.Review and analyze the cost and schedule for the project based on the estimated budget.B.Tech. in Mechanical/ Chemical/ Civil Engineering with 8 to 15 years of experience in TIC (Total Investment Cost)Estimation