Job Description: AGM – Costing & Estimation (Solar Projects Tendering)
Position Overview:
The Assistant General Manager (AGM) – Costing & Estimation for solar projects tendering is responsible for preparing accurate cost estimates, budgeting, and financial analysis for utility-scale and commercial solar projects. This role involves working closely with cross-functional teams, including engineering, procurement, project management, and finance, to develop competitive bids and proposals for solar tenders.
Key Responsibilities:
Tendering & Cost Estimation:
- Analyze tender documents, specifications, and contract requirements for solar projects.
- Prepare detailed Bill of Materials (BOM) and cost breakdown for EPC (Engineering, Procurement, and Construction) contracts.
- Develop cost estimates for civil, electrical, and mechanical components of the project.
- Conduct feasibility studies and risk analysis for potential projects.
Pricing & Financial Analysis:
- Prepare cost comparison sheets for different vendors and subcontractors.
- Analyze market rates for major components such as solar modules, inverters, structures, and BOS (Balance of System) equipment.
- Develop cost models considering CAPEX, OPEX, IRR, and payback period for project viability.
Vendor & Supplier Coordination:
- Float RFQs (Request for Quotations) and obtain competitive pricing from vendors.
- Evaluate vendor proposals and negotiate pricing for cost optimization.
- Build and maintain relationships with key suppliers and contractors.
Technical & Commercial Analysis:
- Collaborate with the engineering team to optimize system design for cost efficiency.
- Ensure compliance with regulatory requirements, bid guidelines, and industry standards.
- Identify value engineering opportunities to enhance project competitiveness.
Project Budgeting & Control:
- Develop project budgets and track cost variations throughout the project lifecycle.
- Prepare cost reports, cash flow projections, and deviation analysis.
- Work closely with the finance team to assess financial risks and funding requirements.
Stakeholder Communication & Reporting:
- Coordinate with internal teams, including Business Development, Engineering, Procurement, and Finance.
- Provide timely updates to senior management on cost trends, risks, and opportunities.
- Assist in the preparation of tender presentations and client negotiations.
Qualifications & Experience:
- Education: B.E./B.Tech in Electrical, Mechanical, Civil, or equivalent; MBA (Finance/Operations) is a plus.
- Experience: 10–15 years in cost estimation, budgeting, and tendering for solar EPC projects.
- Skills: Strong knowledge of solar PV components, project costing, and tendering processes.
- Expertise in using cost estimation tools and software (Excel, SAP, ERP, or similar).
- Excellent negotiation and vendor management skills.
- Understanding of financial modeling and PPA (Power Purchase Agreement) structures.
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