Costing & Budgeting

Job Summary:

The Manager Budgeting (PMC) plays a critical role in planning, monitoring, and controlling the budgets of real estate projects from a consultancy and execution perspective. The role involves working closely with project managers, architects, quantity surveyors, procurement, and finance teams to ensure accurate budgeting, cost control throughout the project lifecycle.

Key Responsibilities:

Project Budgeting & Cost Estimation • Develop and validate detailed budgets for real estate projects in coordination with design, QS, engineering, and procurement teams. • Prepare cost estimates during project planning and design stages based on BOQs, tender packages, and market rates. • Establish cost benchmarks and budgeting templates for PMC-managed projects. Cost Monitoring & Control • Track budget utilization and monitor project expenditures against the approved budget. • Identify variances, perform root cause analysis, and recommend corrective actions. • Support project managers with ongoing cost reporting and forecast updates. Budgetary Approvals & Financial Controls • Prepare budget approval notes and manage internal budget sanction processes. • Ensure all project expenses are aligned with approved budgets and control measures. • Support procurement in aligning vendor contracts within budgeted limits. Reporting & MIS • Prepare periodic project budget vs. actual reports and cash flow forecasts. • Generate dashboards and reports for internal management and external stakeholders (clients, auditors, etc.). • Present financial insights and risk flags to the PMC leadership and finance teams. Stakeholder Coordination • Coordinate with internal teams (PMC, QS, Procurement, Planning, Finance) and external consultants/vendors to ensure budget alignment. • Act as a financial control point during tender evaluation and value engineering exercises. Qualifications & Experience: •

Education: B.E./B.Tech in Civil/Construction • Experience: 8–12 years in budgeting or cost control roles within PMC, EPC, or real estate firms • Preferred Background: Experience with high-rise, commercial, residential, or infrastructure projects • Tools: Proficiency in Excel, MS Project/Primavera, and ERP systems like SAP, Oracle, or any project budgeting software Key Skills & Competencies: • Strong understanding of construction project lifecycle and cost elements • Expertise in BOQ analysis and cost estimation • Excellent communication and stakeholder management • Ability to work under tight deadline