DGM - Budgeting and Costing (MEP)

Position: Package Head - Budgeting & Cost Control

Qualification: B.E. in Mechanical Engineering

Experience: 15+ Years in Project Budgeting, Cost Planning, Cost Control, Cost Monitoring, and Financial Management of Construction Projects

The Package Head - Budgeting & Cost Control is responsible for developing and managing project budgets, monitoring project costs, ensuring financial discipline, and supporting strategic business planning across construction projects. The role focuses on cost planning, budget governance, cost monitoring, forecasting, and ensuring alignment of project financial performance with organizational objectives.

1. Project Budgeting & Financial Planning
a. Develop cost estimates using project inputs, benchmark data, market rates, and technical specifications.
b. Ensure alignment of budgets with project scope, timelines, and company financial goals.
c. Preparing and standardizing BOQ specifications in line with organizational requirements while incorporating current market practices and industry standards

2. Cost Monitoring & Control
a. Track actual costs versus budgeted costs throughout the project lifecycle
b. Analyze cost variances and identify corrective measures to stay within budget

3. Cost Monitoring and Tracking
a. Monitoring Actual Cost Incurred against Project Budget.
b. Tracking Project Budget against Work Order / Purchase Order issued & Identify financial risks related to cost overruns

4. Reporting & Forecasting
a. Generate regular reports on budget utilization, cost trends, and financial forecasts.
b. Preparing the Business Plan in alignment with the approved Annual Operating Plan.