Manager Costing & Budgeting

Job Requirements

• Cost Estimation: Preparation of quantity take-offs based on drawings received.
• Detailed analysis of drawings from Structural, Architectural and MEP consultants.
• Benchmarking designs against engineering efficiency ratios and cost benchmarks.
• Identification of value engineering opportunities to optimize project costs.
• Preparation of project budgets for various developments.
• Monitoring budget vs actual costs across project lifecycle.
• Creation of revenue generation scenarios based on market research and secondary reports.
• Cost-to-Complete (CTC): Preparation of detailed cost-to-complete analysis based on GFC drawings for ongoing projects.
• Periodic revalidation of existing CTC estimates.
• Minimum variation against committed cost.
• Rate Analysis: Conduct timely rate analysis for project items considering location, project type, market benchmarks; objective is to reduce contingencies and cost risks.
• Annual Operating Plan (AOP): Track AOP performance across projects; conduct variance analysis and identify corrective actions; highlight potential cost deviations for early mitigation.
• Stakeholder Coordination: Coordinate with Operations, Design, Strategy and other teams for required inputs and timelines; prepare periodic review reports for Regional and HO leadership; timeliness of response; quality of reporting.
• Process Adherence: Ensure compliance with company-defined costing processes and guidelines; maintain adherence to project timelines.
• Process Compliance.
• Process Improvement: Identify opportunities for process improvement in costing and budgeting functions; suggest initiatives to enhance efficiency, productivity and cost optimization; improvement initiatives taken; measurable impact of process improvements.
• Technology & Automation: Explore automation opportunities in costing and budgeting processes; learn and adopt new costing software and digital tools; smooth migration to systems; data accuracy.
• People Management: Performance Management. Define work objectives and KPIs for team members; ensure balanced work allocation within the team; conduct regular reviews and performance evaluations; team performance ratings.
• Internal Stakeholder: Business Development - Understand project requirements and feasibility inputs; develop and refine preliminary project costing; align cost estimates with project viability and strategy.
• Contracts & Procurement: Obtain prevailing market prices of construction materials and services; support preparation of BOQs; provide inputs during tendering and vendor evaluation.
• Marketing & Sales: Understand consumer insights, product positioning and market trends; benchmark pricing with competing projects; align costing with amenities, specifications and ticket size.
• Finance: Provide project costing inputs for budgeting and financial planning; support project feasibility and financial analysis.
• Legal & Design: Understand regulatory approvals and design implications affecting project costs; align costing with architectural, structural and statutory requirements.
• Projects / Execution Team: Obtain project budget bifurcation details; gather inputs on construction costs and amenities provided to customers.
• External Stakeholders: Structural / Quantity Surveying / MEP Consultants - exchange technical data and inputs related to project costing; align cost assumptions with design and engineering specifications.
• JV Partners: Communicate costing assumptions and financial rationale; align on project cost structure and budget estimates for joint development projects.

Education & Experience

• B.E./B.Tech in Civil / Electrical / Mechanical OR Architect.
• Experience in Costing / Quantity Surveying / Cost Consulting.
• Experience in construction consulting firms / real estate developers / EPC companies.

Functional / Technical Competencies

• Real Estate Market Knowledge.
• Quantity Surveying & Cost Estimation.
• Business & Financial Acumen.
• Analytical Skills.
• SAP.

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