Manager – Costing & Budgeting (MEP)

Company Overview

Company details are not specified.

Job Summary

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

Responsibilities

Pre-Contract / Design Stage

• Prepare cost estimates, budget cost plans, and quantity take-offs at various design stages (TDD, Concept, Schematic, Tender, GFC).
• Collaborate with design/engineering/consultant teams to review drawings and suggest cost-effective alternatives or Value Engineering (VE) options.
• Conduct rate analysis and market surveys for materials, labor, and subcontractor rates.
• Prepare detailed Bill of Quantities (BOQs) or trade-wise breakups for MEP scope.
• Identify and plan for cost risks and contingencies.
• Prepare item-wise budgets for all relevant items.
• Support the Contract team by submitting timely BOQs and managing technical bids discussions.

Post-Contract / Execution Stage

• Monitor actual costs versus budgets; prepare monthly cost reports, forecasts, and variance analysis.
• Administer and document change orders/variations: evaluate cost/time impacts, negotiate with stakeholders, and secure approvals.
• Generate Cost-to-Complete (CTC) forecasts.
• Support procurement in evaluating vendor quotes, negotiations, and finalizing contracts from a cost perspective.
• Ensure measurement verification, cost checks, and adherence to budgeted targets.
• Drive cost optimization and VE during execution.

Billing & Final Accounts

• Validate contractor claims and supporting documents.
• Finalize MEP scope accounts (settlement, back charges, 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: design, procurement, execution, planning, contracts, and finance.
• Ensure policy compliance, contractual discipline, and audit preparedness.

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:

  • Advanced proficiency in MS Excel and Financial Modelling.
  • Familiarity with AutoCAD, CostX, or similar takeoff/costing tools.
  • Experience with ERP Systems (SAP or equivalent).

Preferred Skills

• Excellent analytical and detail-oriented skills.
• Strong documentation discipline and stakeholder engagement abilities.
• Leadership and team management capabilities.

Experience

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

Environment

• The position is likely based in the North Region of India, typically in an office setting with potential site visits for project assessments.

Salary

Salary details are not specified.

Growth Opportunities

Potential for growth and advancement within the company is not specified.

Benefits

Benefits offered are not specified.