Regional Head -Costing, Estimation and Budgeting

Greetings !!

Job Title: Regional Head- Costing, Estimation & Budgeting

Department: CEBA

Location: Ahmedabad

Team Management: Yes

Key Responsibilities:

1. Cost Estimation & Analysis

• Prepare detailed cost estimates for residential, commercial, and mixed-use real estate projects during conceptual, pre-tender, and post-tender stages.
• Analyze design drawings, specifications, and BOQs to determine material, labor, equipment, and subcontracting costs.
• Benchmark costs using historical data and market intelligence for accurate projections.
• Conduct value engineering exercises to optimize costs without compromising quality or timelines.

2. Budgeting & Forecasting

• Prepare annual and project-specific budgets in collaboration with the Projects, Procurement, and Finance teams.
• Establish cost baselines and track budget variances throughout the project lifecycle.
• Assist management in financial forecasting, cash flow planning, and cost-to-complete analysis.
• Update budgets periodically based on design changes, scope revisions, or market fluctuations.

3. Cost Control & Reporting

• Monitor and control project costs against approved budgets.
• Evaluate contractor and vendor claims, rate analyses, and cost justifications.
• Prepare and present periodic MIS reports on project cost performance, variance analysis, and financial risks.
• Ensure adherence to internal financial controls, company policies, and audit requirements.

4. Coordination & Stakeholder Management

• Work closely with Project Management, Procurement, Design, Contracts, and Finance teams to ensure cost efficiency and transparency.
• Liaise with external consultants, contractors, and vendors for cost-related discussions and negotiations.
• Provide cost-related insights to management for strategic decision-making.

Key Skills & Competencies

• Strong knowledge of real estate costing, quantity surveying, and budgeting principles.
• Proficiency in MS Excel, costing software (e.g., Candy, CCS, CostX, or equivalent), and ERP systems (SAP/Oracle).
• Excellent analytical, numerical, and problem-solving abilities.
• Strong business acumen with attention to detail and accuracy.
• Effective communication and stakeholder management skills.

Educational Qualification & Experience

• Qualification: B.E./B.Tech in Civil Engineering (mandatory). MBA in Finance or PG in Quantity Surveying preferred.
• Experience: 10+ years of relevant experience in costing, estimation, and budgeting within the real estate or construction industry.
• Experience in both residential and commercial projects is desirable.