Cost Estimation

6 days ago

Singapore TS GROUP PTE. LTD. Full time

We are seeking a detail-oriented and proactive Cost Estimation & Feasibility Analyst to join our team. This role involves evaluating the financial viability of construction projects, particularly in dormitory and hostel developments. The ideal candidate will have a strong grasp of construction cost estimation, financial analysis, and market research to support informed decision-making and sustainable business growth.
Key Responsibilities
1. Cost Estimation & Analysis:
Prepare detailed cost estimates for dormitory and hostel construction projects, covering both structural and interior elements.
Collaborate with contractors, architects, and project teams to gather accurate cost data.
Develop comprehensive cost breakdowns, including labour, materials, permits, and other construction-related expenses.
Adjust estimates based on evolving project requirements and market dynamics.
2. Feasibility Studies:
Conduct financial feasibility analyses, calculating metrics such as Internal Rate of Return (IRR) and Return on Investment (ROI).
Assist the Business Development Manager in evaluating potential projects against profitability and financial benchmarks.
Prepare financial models, cash flow projections, and budget analyses to assess project viability.
3. Market Research & Competitor Analysis:
Research market trends and competitor pricing to support strategic planning.
Generate reports that inform decision-making regarding new investments or potential expansion.
Identify market demands and provide insights into cost-effective project opportunities.
4. Cross-Functional Collaboration:
Work closely with design, construction, and operations teams to ensure cost projections align with project plans.
Track project progress with project managers, implementing cost control measures as necessary.
5. Documentation & Reporting:
Create detailed reports, presentations, and proposals for internal stakeholders and external partners.
Maintain up-to-date records of cost estimates, feasibility analyses, and project budgets.
Provide regular updates on the financial status of ongoing projects, highlighting any variances or cost-saving opportunities.
6. Financial Analysis & Budget Management:
Assist in managing project budgets to ensure adherence to approved costs.
Analyze expenses and suggest cost-saving strategies without compromising project quality.
Develop pricing models that consider market conditions, construction costs, and expected returns.
Requirements
Bachelor degree in Construction Management, Civil Engineering, Quantity Surveying, Cost Management, Project Management, or related field
Proficiency in construction cost estimation, project budgeting, and financial analysis
Advanced skills in MS Excel (for financial modeling, budgeting, and analysis) and familiarity with construction management tools (e.g., AutoCAD, MS Project)
Excellent communication skills, both written and verbal
Analytical mindset with strong problem-solving abilities
Effective time management, organizational, and project coordination skills
Ability to work independently and collaboratively in a team environment
What We Offer:

  • A dynamic and supportive work environment
  • Opportunities for professional growth and development
  • Competitive compensation aligned with industry standards
  • If you have a passion for construction cost estimation and financial feasibility analysis, and you are eager to contribute to impactful projects, we encourage you to apply and be part of our growing team.
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