Costing And Budgeting Manager

Job Title: Manager / Senior Manager C&B

Function: Operations

Business: Godrej Properties Limited

Location: Mumbai HO

About Godrej Industries Group (GIG)

At the Godrej Industries Group, we are privileged to serve over 1.1 billion consumers globally through our businesses with market leadership positions in the consumer products, real estate, agriculture, financial services and chemicals industries

www.godrejindustries.com

About Godrej Properties Limited (GPL)

Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines the over 125-year legacy of excellence and trust with a commitment to cutting-edge design, technology, and sustainability.

www.godrejproperties.com

Role Specifications:

Responsibility Area

Key Activities

Indicative Performance

Measures

Financial/ Strategy

Cost Estimation

• Calculation of quantities based on drawings received
• Analysis of drawings from Structural consultants, Architects and 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

Coordination with internal stakeholders

• Coordinates within Operations team, Design and

Strategy, for data and timelines

• Prepares review reports as per defined frequency and format within the Region and at HO

• Timeliness of response
• Timeliness of response

Process

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

Working Relationships (Internal And External)

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

JV Partner

Communicate the rationale behind costing

Position Specifications (Know-How, Skills and Knowledge for this position):

Threshold Education Qualification & Experience

Applicants should be Architect/Civil/Electrical/Mechanical Engineers with more than 7-8 years of experience in cost consulting in construction consulting company / renowned developer / EPC construction company in real estate sector

Functional/ Technical competencies

• Market Knowledge – real estate business
• Quantity surveying techniques
• Business acumen
• Analytical skills
• SAP