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Century Real Estate Holdings Pvt Ltd | Quantity Surveyor
1 month ago
Job Description:
The Project Engineer will play a crucial role in managing and controlling the financial aspects of the project by ensuring accurate cost estimation, budgeting, and financial analysis.
Responsibilities:
Generating Cost Sheets for the Project:
- Prepare detailed cost sheets, breaking down all financial components of the project.
- Ensure accurate allocation of costs for each project phase, considering materials, labor, overheads, and contingencies.
Preparing Budgets:
- Develop and manage project budgets by collaborating with project managers and stakeholders.
- Monitor project expenses, ensuring alignment with the approved budget and identifying potential cost overruns.
Cost Analysis:
- Conduct regular cost analysis to identify discrepancies between projected costs and actual expenditures.
- Offer insights and recommendations to improve cost efficiency and reduce financial risks.
- Analyze trends and historical data to assist in future budget estimations.
Preparing Bill of Quantities (BOQ):
- Prepare and review BOQs for the project, ensuring accurate and clear descriptions of quantities, materials, and labor required.
- Work closely with project teams and contractors to ensure that all cost elements are captured accurately in the BOQ.
Cost Projection:
- Develop and maintain cost projections, estimating future costs based on historical data, current project status, and potential changes in scope.
- Provide regular updates on cost projections to stakeholders.
Preparing Management Information System (MIS) Reports:
- Create and distribute timely MIS reports to senior management, project managers, and other stakeholders.
- Ensure that reports reflect accurate financial status, highlighting key financial metrics, risks, and opportunities.
Collaboration and Stakeholder Communication:
- Regularly communicate with project managers, procurement teams, and external vendors to ensure alignment on costs.
- Provide expert advice on cost control measures and financial forecasting.
Risk Management:
- Identify financial risks related to project costs and proactively recommend solutions to mitigate these risks.
- Ensure that financial risks are managed effectively throughout the project's lifecycle.