The Cost Estimation and Techno-Economic Calculations Section specializes in preparing cost estimates and performing technical calculations necessary for assessing expenses and determining the feasibility of construction and infrastructure projects. This section plays a crucial role in budget management and ensuring effective financial and technical planning.
Main Responsibilities and Duties:
- • Preparation of cost estimates for construction works: The section develops cost estimates, which are technical and financial documents detailing the estimated costs of a project, including materials, labor, equipment, transportation, taxes, and other related expenses. These estimates are essential for securing funding and evaluating project feasibility.
- • Cost calculation: Conducting technical calculations to estimate construction costs, analyzing material and labor requirements, setting unit prices, and determining direct and indirect expenses.
- • Verification and adjustment of estimates: As the project progresses, the section may review and adjust initial cost estimates based on changes in work volumes, material prices, or external conditions. This ensures that the estimates remain up to date and reflect the project’s actual economic and technical situation.
- • Calculation of material and resource needs: Accurately determining the required quantities of materials (concrete, steel, cement, etc.) and equipment to ensure sufficient resources for project completion without exceeding the available budget.
- • Execution of technical calculations for construction: Performing structural, hydraulic, electrical, and thermal calculations necessary to ensure technical compliance and safety standards. For example, calculating the dimensions of foundations, columns, beams, or technical installations.
- • Assessment of financial and technical risks: Analyzing potential financial and technical risks associated with the project, identifying possible cost overruns or execution challenges, and proposing solutions to mitigate these risks.
- • Preparation of tender documentation: Developing detailed cost estimates and technical calculations for construction tender procedures, allowing bidders to understand the exact requirements and financial aspects of the project.
- • Cost monitoring during execution: Tracking cost evolution throughout the project to ensure compliance with the budget and prevent significant deviations from the initial estimates.
