Key purpose of the job: Responsible for developing the budget plans in coordination with the relevant stakeholders, coordinate with the project heads in relation to budget development and monitoring, undertaking higher level analytics (e.g. chronic project budget overruns issue analysis etc.)

Strategic:

- Taking the inputs from Executive Leadership and support them in relation to project execution budget both from a site perspective as well as an overall basis. CTC updating of project budget at regular intervals and alerting the management about budget health card.

- Engage with either in-house or external parties for critical services such as BOQ preparation using quantity surveyors thus ensuring efficient project costing

Operational & Budgeting:

- Adhere budget process to enable to take decisions on the project profitability with inputs from relevant stakeholders

- Give MEP inputs during various Design Stages of Project so that design can be within cost.

- Study MEP DBR's and give inputs for Budgeting process. Discuss value engineering options with MEP design team to bring cost variations within acceptable limits.

- Responsible for developing the R1 to R3 budget plans in coordination with the relevant stakeholders

- Coordination with Stakeholders for aligning the PMG functions on latest costs.

- Coordinate with the project head's in relation to budget development and monitoring in relation to all projects

- Responsible for undertaking higher level analytics (e.g. chronic budget overruns issue analysis etc.)

- Participate in all discussions regarding new projects and provide inputs through the stages of exploration and prefeasibility for shortlisting the project for further workings.

- Allocate the approved budget accordingly and ensuring the right WBS elements selected while punching the work orders into SAP system.

- Control project expenses through SAP by ensuring that only approved expenses take place and costs are accurately recorded and tracked. Ensure that all key cost heads are controlled

- Cost Monitoring through Autodesk BUILD

- Reconcile project cost information related to consumption and expenses linked with construction provided by Project Execution team and support project teams to ensure project cost is controlled within budget and that cost control is maintained from inception to completion

- Ensure that project changes are tracked and reported, any amendments to the work orders / purchase orders are routed through Corporate Budget & Costing team before it gets released for construction

- Implement Change Control process, in case of major changes, which is likely to lead to increase in project cost. Also ensure that budgeting and costing team acts as a coordinator for change in budget request. Ensure that major variances are tracked, and value engineering initiatives are undertaken to avoid cost overrun.

- Updating current market scenario with respect to Basic rates and contractual rates.

Quantity Surveying:

- Preparation of stage-gate estimations at various design stages, ensuring preparation of the MEP BoQ basis detailed design and using internal or third-party quantity surveyors.

- Assist project teams to raise PR/SR with highly accurate quantities for procurement and contract purpose.

- Ensure material reconciliations at project sites

- Perform site specific risk analysis and mitigation plans basis inputs from the quantity surveyors

- Provide inputs in relation to cost control and periodic forecasting of costs

- Provide inputs on contract variations

- Extract Quantities from BIM platform - Autodesk Assemble, Revit for projects on BIM and from AutoCAD for projects where BIM in not implemented,

MIS:

- Update the financial cost reports on monthly basis (comprising budget cost heads vs. commitments / approved variations / anticipated variations / Estimated Cost to complete / gross certification of payments etc.)

- Ensure collation of information from project management software and preparation of project related MIS in relation to project budget adherence

- Support Head Engineering in business review meetings viz. Management / Board meetings

Developmental:

- Update knowledge regarding New Technologies and Techniques in construction

- Sharing knowledge to peers on regular basis.

- Develop team's capabilities and keep them updated with the latest trends

Internal & External Interactions:

Internal: All departments:

External: Business Partners, Tax Consultants, Technology Consultants, Cost Consultants

Education & Experience Requirement:

- B.E. (Mech / Electrical) / M.E. (Mech / Electrical / PGD -QSCM / MBA - CEQS

- 15+ Years of relevant experience in real estate / construction / QS industry

- Knowledge of AutoCAD, M S Office is must.

- Knowledge of SAP, BIM and Revit and other software's are required.

- Experience in Project Budgeting and Cost Management is mandatory.