Position Overview: Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
Essential Job Functions:
- Prepare cost estimates utilizing standards costs, past manufacturing history, engineering specifications, labor hours and rates, material costs, and other technical data
- Develop customer proposals, including price, delivery, and supporting documents in accordance with provided specifications and standard guidelines.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops
- Consults with fabrication facilities, sub-vendors, engineering and account managers to determine accuracy and validity of estimate. Set up cost monitoring and reporting systems and procedures.
- Proficient in defining, estimating, and understanding instrumentation with or without customer specs/P&ID
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project
- Proficient in estimating various types of oil/gas production and treating equipment based off of standard designs or customer specs.
- Familiar with industry standard instrument and valve OEMs with general working knowledge.
- Working knowledge of industry standards such as ASME, API, GPSA codes.
