Associate Vice President - Planning & Control

K Raheja Corp; Mumbai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

K Raheja Corp is seeking a senior estimator to develop and manage the cost estimation framework for complex projects in Mumbai. You will lead data-driven cost modelling, market benchmarking, and risk analysis to ensure profitable project execution and competitive bids.

The role requires coordinating with BD and procurement teams, managing budgets, schedules, and cash flows while mentoring the estimation team to deliver accurate, timely estimates across Civil, MEP, landscaping, and finishes.

Responsibilities

• Develop and execute the companys estimation strategy to ensure accurate project cost assessments.
• Responsible for estimation of project overall cost; monitoring and controlling project with respect to cost, resource deployment and time overruns to ensure satisfactory execution and profitability.
• Work closely with the BD team to arrive at construct cost and feasibility of projects.
• Formulation of operating budgets and managing cash flows.
• Assist in aspects of Project Planning, Scheduling and Cost Estimation, Quantity Surveying.
• Monitor Contract Management, Tendering Process, Procurement Schedules, and Cash Flow projections for the projects.
• Rate analysis and Estimation database development.
• Preparation of concept level estimate for Business Development.
• Preparation of cost and MIS reports (CTC analysis).
• Preparation/validation of BOQ detailed estimates for all activities (Civil, finishes MEP, Landscape etc.).
• Align estimation processes with overall business goals and objectives.
• Lead a team of estimation professionals, providing guidance and fostering a collaborative work environment.
• Oversee the development of estimating talent through training and mentorship.
• Manage the preparation of competitive and compelling bids by providing accurate and timely cost estimates.
• Collaborate with proposal teams to ensure alignment between technical and financial aspects.
• Conduct thorough risk assessments related to project costs, identifying potential challenges and opportunities.
• Develop risk mitigation strategies to enhance the accuracy of estimates.
• Implement benchmarking processes to compare and validate cost estimates against industry standards.
• Develop and maintain sophisticated cost models to support various types of projects.
• Regularly update models based on historical data and evolving market conditions.
• Collaborate closely with vendors and suppliers to gather relevant data for accurate estimations.
• Ensure seamless communication between estimation and project execution teams.
• Drive continuous improvement initiatives within the estimation department.
• Implement new tools, methodologies, and best practices to enhance efficiency and accuracy.
• Stay abreast of industry trends, market conditions, and regulatory changes affecting project costs.
• Integrate market insights into estimation processes for informed decision-making.
• Ensure comprehensive documentation of estimation processes, assumptions, and methodologies.
• Provide regular reports to senior management on estimation performance and key metrics.

Job description

Job Description

Develop and execute the companys estimation strategy to ensure accurate project cost assessments.

Responsible for estimation of project of overall project; monitoring and controlling project with respect to cost, resource deployment and time over-runs to ensure
satisfactory execution and profitability.

Working closely with the BD team to arrive at construct cost and feasibility of projects.

Formulation of operating budgets and managing cash flows

Assist in the aspects of Project Planning, Scheduling and Cost Estimation, Quantity Surveying.

Monitoring Contract Management, Tendering Process, Procurement Schedules, and Cash Flow projections for the projects.

Rate analysis and Estimation database development.

Preparation of concept level estimate for Business Development

Preparation of cost and MIS reports (CTC analysis)

Preparation/validation of BOQ detailed estimates for all activities (Civil, finishes MEP, Landscape etc.)

Align estimation processes with overall business goals and objectives.

Lead a team of estimation professionals, providing guidance and fostering a collaborative work

environment.

Oversee the development of estimating talent through training and mentorship.

Manage the preparation of competitive and compelling bids by providing accurate and timely cost estimates.

Collaborate with proposal teams to ensure alignment between technical and financial aspects.

Conduct thorough risk assessments related to project costs, identifying potential challenges and opportunities.

Develop risk mitigation strategies to enhance the accuracy of estimates.

Implement benchmarking processes to compare and validate cost estimates against industry standards.

Develop and maintain sophisticated cost models to support various types of projects.

Regularly update models based on historical data and evolving market conditions.

Collaborate closely with vendors and suppliers to gather relevant data for accurate estimations.

Ensure seamless communication between estimation and project execution teams.

Drive continuous improvement initiatives within the estimation department.

Implement new tools, methodologies, and best practices to enhance efficiency and accuracy.

Stay abreast of industry trends, market conditions, and regulatory changes affecting project costs.

Integrate market insights into estimation processes for informed decision-making.

Ensure comprehensive documentation of estimation processes, assumptions, and methodologies.

Provide regular reports to senior management on estimation performance and key metrics.