JOB DESCRIPTION DEPUTY MANAGER / ASSISTANT MANAGER – ESTIMATION & COSTING
Company: DRA Homes
Department: Estimation, Costing & Budgeting
Location: Chennai, Tamil Nadu
Industry: Real Estate Development / Construction
Experience Required: 10–15 Years
Qualification: B.E. / B.Tech – Civil Engineering
Employment Type: Full-Time
Reporting To: Sr.GM - PMO
Job Summary
We are seeking an experienced Estimation & Costing professional to lead the costing team and manage project feasibility estimates, detailed budgets, quantity takeoffs, BOQ preparation, cost analysis and budget monitoring for residential and commercial development projects.
The candidate will be responsible for ensuring accurate and timely project budgets, effective cost control, coordination with multiple departments and continuous improvement of estimation processes.
Key Responsibilities
- 1. Project Estimation & Budgeting
- Prepare preliminary project feasibility estimates based on initial design concepts and project requirements.
- Develop R0 preliminary budgets and R1 detailed project budgets based on approved drawings and specifications.
- Review project cost indicators, area coefficients and cost per square foot.
- Identify deviations between approved business plans and detailed project estimates.
- Update budgets based on design revisions, scope changes and technical requirements.
- Support budget approval presentations and management reviews.
- 2. Quantity Surveying & BOQ Management
- Lead and review detailed quantity takeoffs from architectural, structural and MEP drawings.
- Prepare and validate detailed Bills of Quantities for residential and commercial projects.
- Ensure measurement accuracy and compliance with applicable IS 1200 standards.
- Review BOQ quantities, specifications, drawings and item descriptions.
- Coordinate with external quantity surveying and BBS consultants.
- Monitor BOQ preparation schedules and ensure timely completion.
- 3. Cost Analysis & Value Engineering
- Prepare and review item-wise rate analyses and construction cost benchmarks.
- Maintain and update material, labour and construction rate databases.
- Analyse project cost variations and identify major cost drivers.
- Recommend value engineering opportunities without compromising project quality.
- Compare project specifications, material consumption coefficients and historical cost data.
- Identify cost risks during the design and budgeting stages.
- 4. Budget Monitoring & Cost Control
- Review approved budgets against work orders, purchase orders, commitments and actual expenses.
- Prepare project-wise budget variance and cost escalation reports.
- Support Job Cost Reports (JCR), Estimate to Complete (ETC) and budget reconciliation.
- Coordinate budget revisions, reclassifications and cost allocations.
- Monitor project cost performance and highlight potential overruns.
- Support project cost reviews through construction and closure stages.
- 5. Team Leadership & Coordination
- Lead, guide and review the work of Estimation and Costing Engineers.
- Allocate project responsibilities and monitor deliverable schedules.
- Ensure accuracy, completeness and quality of team submissions.
- Train junior engineers in quantity takeoffs, estimation standards and software.
- Coordinate with Architecture, Structural, MEP, Projects, Planning, Contracts, Procurement and Finance departments.
- Participate in project budget reviews and management meetings.
- 6. Reporting & Process Improvement
- Prepare project budget summaries, variance reports, cost dashboards and management presentations.
- Maintain systematic records of approved drawings, BOQs, assumptions and budget revisions.
- Improve costing templates, standard BOQ formats and estimation procedures.
- Ensure timely updates in ERP and project cost-monitoring systems.
- Establish consistent costing standards and reporting practices across projects.
Required Technical Skills
- Advanced Microsoft Excel, including complex formulas, PivotTables and cost-analysis reports.
- AutoCAD drawing review and quantity measurement.
- PlanSwift or equivalent quantity takeoff software.
- ERP-based budgeting and cost monitoring.
- Good understanding of residential and commercial construction methods.
- Strong knowledge of BOQ preparation, rate analysis and IS 1200 measurement standards.
- Experience in RCC, masonry, finishes, waterproofing, external development and infrastructure cost estimation.
- Working knowledge of MEP costing and coordination.
- Power BI reporting knowledge will be an added advantage.
Preferred Experience
- Experience working with reputed real estate developers.
- Exposure to high-rise residential apartments, villas and commercial developments.
- Experience managing multiple project budgets simultaneously.
- Experience leading a team of estimation or costing engineers.
- Strong communication, coordination and analytical capabilities.
Key Performance Indicators (KPIs)
- Accuracy of project feasibility estimates and detailed budgets.
- Timely completion of R0 and R1 budgets.
- Accuracy and completeness of quantity takeoffs and BOQs.
- Identification and management of budget variances.
- Effectiveness of cost optimisation and value engineering recommendations.
- Timely submission of project cost reports and management updates.
- Team productivity, technical accuracy and adherence to delivery schedules.
- Continuous improvement of estimation processes and cost databases.
Candidate Profile
The ideal candidate should possess strong technical expertise in construction estimation and cost management, with the ability to independently handle multiple project budgets, lead a costing team and coordinate effectively with project stakeholders.
The role requires a detail-oriented professional with strong analytical skills, commercial awareness, ownership of deliverables and the ability to meet project deadlines