Technical Costing & Budgeting Role - Electrical/Mechanical Domain - Real Estate

Technical Costing & Budgeting Role - Real Estate - Electrical /Mechanical Engineers

Qualification: Applicants should be Electrical/Mechanical Engineers

Experience: More than 6 years of experience in cost consulting or construction consulting company / renowned developer / EPC construction company in real estate sector

Critical Skills:

Responsibility Area Key Activities :

- Indicative Performance Measures

- Financial/ Strategy

Cost Estimation :

- Calculation of quantities based on drawings received

- Analysis of drawings from MEP consultants to check against established design efficiency ratio, engineering benchmarks and avenues of value engineering

- Timeliness

- Accuracy

- Cost Rationalization

Cost & Budget monitoring :

- Make budget for various projects and monitor those budgets to ensure no over runs at various stages

- Cost monitoring budget v/s actual

- Creating various scenarios of revenue generation basis secondary reports and market analysis

- Comprehensiveness

- Timeliness

- Accuracy

Cost -to -Complete :

- Detailed cost to complete on GFC drawings for all ongoing projects

- Revalidation of old Cost-to-complete

- Accuracy

- Minimum variation wrt cost committed

Operational Rate Analysis:

- Timely rate analysis of items required in the project

(Parameter: location-wise, project type based analysis)

- Minimizing contingencies/risks

Annual Operating Plan :

- Monitoring AOP achievement for the project, variance analysis and corrective actions

- Highlights potential variations for early mitigation

- Effective Cost & Budget monitoring

Working Relationships (Internal And External) :

Coordination with internal stakeholders :

- Coordinates within Operations team, Design and Strategy, for data and timelines

- Prepares review reports as per defined frequency and form at within the Region and at HO

- Timeliness of response

- Timeliness of response

Process Adherence

- Complies with company defined guidelines and processes

- Adheres to project timelines

- % Process compliance

Process Improvement :

- Identifies processes/procedures in own work area that need improvement

- Recommends process improvement ideas to streamline efficiency/costs/productivity

- Initiatives taken

- Impact of process improvement ideas

- Initiates process improvement activities in own work area

- Eye for absorbing advanced techniques / technology in construction processes suitable with business requirements

Automation of processes :

- Capability for learning and exceling new software for automating costing and budgeting processes

- Smoothness of migration

- Accuracy

People :

Performance Management :

- Defines and sets work objectives for team members

- Balances work allocation in team

- Reviews tasks completed by team members and conduct regular performance reviews

- Completes performance appraisals of team

- Performance Rating

Internal Interfaces Purpose of Interaction

Business Development: BD is main stakeholder; to take project requirements from BD and work out project costing; discuss with them, modify as needed

Contracts and Procurement

- To gather prevalent market prices of construction material/ items

- Prepare BOQs and provide support in tendering

Marketing & Sales :

- Understanding of consumer insights, preferences, information of surrounding projects, pricing, price benchmarking, units for sale, product design, ticket price

- Basis above seek inputs on amenities to provide in budget and exchange data on costing w.r.t. amenities and finishing specifications

- Finance Give costing data to finance

Legal/ Design :

- Understand approvals implication on costing particular to project(s) under

Evaluation Projects :

- For obtaining budget bifurcation figures for a project

- Data on cost of amenities provided to customers

External Interfaces :

- Purpose of Interaction - requirement basis for costing information with stakeholders like JVPs Structural/ quantity surveying/MEP consultants Exchange data related to project costing