Role & responsibilities :

Financial & Strategic Responsibilities

- Cost Estimation
- Preparation of quantity take-offs based on drawings received.
- Detailed analysis of drawings from Structural, Architectural and MEP consultants.
- Benchmarking designs against engineering efficiency ratios and cost benchmarks.
- Identification of value engineering opportunities to optimize project costs.
- Performance Measures
- Timeliness
- Accuracy
- Cost rationalization

Cost & Budget Monitoring

- Preparation of project budgets for various developments.
- Monitoring budget vs actual costs across project lifecycle.
- Creation of revenue generation scenarios based on market research and secondary reports.
- Performance Measures
- Comprehensiveness
- Timeliness
- Accuracy

Cost-to-Complete (CTC)

- Preparation of detailed cost-to-complete analysis based on GFC drawings for ongoing projects.
- Periodic revalidation of existing CTC estimates.
- Performance Measures
- Accuracy
- Minimum variation against committed cost

Operational Responsibilities

- Rate Analysis
- Conduct timely rate analysis for project items considering:
- Location
- Project type
- Market benchmarks
- Objective
- Reduce contingencies and cost risks.

Annual Operating Plan (AOP)

- Track AOP performance across projects.
- Conduct variance analysis and identify corrective actions.
- Highlight potential cost deviations for early mitigation

Stakeholder Coordination

- Coordinate with Operations, Design, Strategy and other teams for required inputs and timelines.
- Prepare periodic review reports for Regional and HO leadership.
- Performance Measures
- Timeliness of response
- Quality of reporting

Process Responsibilities

- Process Adherence
- Ensure compliance with company-defined costing processes and guidelines.
- Maintain adherence to project timelines.
- Performance Measures
- Process compliance

Process Improvement

- Identify opportunities for process improvement in costing and budgeting functions.
- Suggest initiatives to enhance efficiency,



productivity and cost optimization.
- Performance Measures
- Improvement initiatives taken
- Measurable impact of process improvements

Technology & Automation

- Explore automation opportunities in costing and budgeting processes.
- Learn and adopt current costing software and digital tools.
- Performance Measures
- Smooth migration to systems
- Data accuracy

People Management

- Performance Management
- Define work objectives and KPIs for team members.
- Ensure balanced work allocation within the team.
- Conduct regular reviews and performance evaluations.
- Performance Measures
- Team performance ratings

Key Stakeholder Interactions

Internal Stakeholder

Business Development

- Understand project requirements and feasibility inputs
- Develop and refine preliminary project costing
- Align cost estimates with project viability and strategy

Contracts & Procurement

- Obtain prevailing market prices of construction materials and services
- Support preparation of BOQs
- Provide inputs during tendering and vendor evaluation

Marketing & Sales

- Understand consumer insights, product positioning and market trends
- Benchmark pricing with competing projects
- Align costing with amenities, specifications and ticket size

Finance

- Provide project costing inputs for budgeting and financial planning
- Support project feasibility and financial analysis

Legal & Design

- Understand regulatory approvals and design implications affecting project costs
- Align costing with architectural, structural and statutory requirements

Projects / Execution Team

- Obtain project budget bifurcation details
- Gather inputs on construction costs and amenities provided to customers

External Stakeholders Structural / Quantity Surveying / MEP Consultants

- Exchange technical data and inputs related to project costing
- Align cost assumptions with design and engineering specifications

JV Partners

- Communicate costing assumptions and financial rationale
- Align on project cost structure and budget estimates for joint development projects

📌 DGM - Costing & Bidgeting (Pune)
🏢 Godrej Properties
📍 Pune