Manager – Costing & Budgeting (MEP)

Company Overview

[Company details not specified.]

Job Summary

As the Manager – Costing & Budgeting (MEP), you will oversee end-to-end cost estimation, budgeting, billing, and commercial management of Mechanical, Electrical, and Plumbing (MEP) works for large-scale residential high-rise projects. Your role will be vital in both the pre-contract and post-contract phases, ensuring financial accuracy, cost control, and value engineering while collaborating closely with various internal and external stakeholders.

Responsibilities

Pre-Contract / Design Stage

• Prepare cost estimates, budget cost plans, and quantity take-offs during different design stages (TDD, Concept, Schematic, Tender, GFC).
• Collaborate with design, engineering, and consultant teams to review drawings and propose cost-effective alternatives or Value Engineering (VE) options.
• Conduct rate analysis and market surveys for materials, labor, and subcontractor pricing.
• Prepare detailed Bills of Quantities (BOQs) or trade-wise breakups for MEP scope.
• Identify and plan for potential cost risks and contingencies.
• Create itemized budgets for all relevant items.
• Support the Contract team with timely BOQ submissions and manage technical bid discussions.

Post-Contract / Execution Stage

• Monitor actual costs against budgets; prepare monthly cost reports, forecasts, and variance analysis.
• Administer and document change orders/variations: evaluate cost and time impacts, negotiate with stakeholders, and ensure necessary approvals.
• Generate Cost-to-Complete (CTC) forecasts.
• Support procurement by evaluating vendor quotes, conducting negotiations, and finalizing contracts from a cost perspective.
• Ensure measurement verification, perform cost checks, and adhere to budgeted targets.
• Drive cost optimization and value engineering phases during execution.

Billing & Final Accounts

• Validate contractor claims and review supporting documentation.
• Finalize MEP scope accounts, including settlement, back charges, and retention release.
• Ensure audit readiness and compliance with internal financial controls.

Team & Stakeholder Management

• Lead and mentor a team of cost/billing engineers and Quantity Surveying (QS) professionals.
• Coordinate with project teams including design, procurement, execution, planning, contracts, and finance.
• Ensure compliance with policies, maintain contractual discipline, and prepare for audits.

Qualifications

• Education:

  • Bachelor’s Degree in Mechanical/Electrical Engineering (B.Tech/BE).
  • Preferred: MBA/PGDM or a postgraduate qualification from NICMAR, RICS, or similar institutions.

• Experience:

  • 12–15 years in Costing, Commercial, or Quantity Surveying roles.
  • Minimum 7–8 years in the real estate sector, specifically in residential high-rise/group housing projects.
  • Strong hands-on experience in both pre-contract and post-contract phases.

• Technical Proficiency:

  • MS Excel (Advanced), Financial Modelling.
  • AutoCAD, CostX, or similar takeoff/costing tools.
  • ERP Systems (SAP or equivalent).

Preferred Skills

• Cost estimation & budgeting.
• Quantity surveying & measurement.
• Value engineering & cost optimization.
• Billing, change order & contract administration.
• Forecasting and variance analysis.
• Commercial negotiation.
• Strong financial acumen.
• Leadership, mentoring, and team management.
• Stakeholder engagement.
• Analytical thinking, detail orientation, and documentation discipline.

Experience

• 10–15+ years of relevant experience in real estate, with a minimum of 7-8 years in related projects.

Environment

• The role is based in the North Region of India, operating in the Real Estate sector, specifically focused on residential high-rise construction projects. The work may require collaboration in both office and site environments with flexible arrangements.

Salary

[Salary details not specified.]

Growth Opportunities

[Potential career advancement opportunities not specified.]

Benefits

[Benefits offered not specified.]