Position: Assistant Manager Costing & Budgeting

Location: Bangalore Projects

Job Purpose The purpose of this role is to support the Head of Costing & Budgeting in preparing and managing construction budgets by carrying out quantity estimation, cost monitoring, budget control, rate analysis, and timely reporting for residential and commercial projects.

Key Responsibilities

1. Cost Estimation

- Calculate quantities based on architectural, structural, and MEP drawings.
- Review and analyze drawings received from Architects, Structural Consultants, and MEP Consultants.
- Prepare detailed cost estimates and BOQs for project budgeting purposes.
- Ensure timely and accurate estimation of project costs.

1. Cost & Budget Monitoring

- Prepare project budgets and cost plans.
- Monitor project expenditures against approved budgets.
- Track Budget vs. Actual costs and identify variances.
- Generate periodic cost reports and submit them to management within defined timelines.
- Support cost control initiatives across projects.

1. Rate Analysis

- Conduct detailed rate analysis for construction materials, labor, and subcontracted works.
- Analyze rates based on project type, location, and market trends.
- Maintain updated cost databases for residential and commercial projects.
- Recommend optimized rates to support budgeting and procurement decisions.

1. Reporting & Coordination

- Prepare and maintain MIS, budgeting,



and cost-monitoring reports.
- Coordinate with Project, Procurement, Contracts, and Finance teams for cost-related inputs.
- Assist in developing project budgets and forecasting exercises.
- Ensure timely submission of all costing and budgeting reports.

Key Performance Indicators (KPIs)
- Accuracy and timeliness of quantity estimation.
- Budget adherence and cost variance control.
- Timely completion of rate analysis.
- Effectiveness of budget monitoring and reporting.
- Quality and accuracy of cost reports.

Qualification
- B.E./B.Tech in Civil Engineering.
- PG qualification in Construction Management will be an added advantage.

Experience
- 5-10 years of experience in Costing, Estimation, and Budgeting for residential and commercial real estate projects.
- Experience in quantity take-off, budget preparation, cost control, and rate analysis.
- Strong understanding of construction drawings, BOQs, and costing methodologies.

Required Skills
- Quantity Estimation & Cost Planning
- Budget Preparation & Cost Control
- Rate Analysis
- Construction Cost Management
- BOQ Preparation
- Advanced Excel
- ERP/SAP knowledge preferred
- Solid analytical and reporting skills
- Excellent stakeholder management and coordination abilities

This version is suitable for internal hiring, job portals, and candidate sourcing.

📌 Costing & Budgeting - Senior Executive & Assistant Manager - Bangalore (Bengaluru)
🏢 Godrej Properties
📍 Bengaluru