• All Locations
    Bangalore
  • Sector
    Real Estate & Property

  • Responsibilities

    • Receipt of drawings, review & seek clarifications in the form of RFIs.
    • Co-ordinate, review & update FCS including collecting & incorporating Cost expenditure data for packages.
    • Cost Monitoring with respect to the budget frozen as per pre agreed format at various stages of the project and effective financial control with value engineering. Provide Monthly Cost reports in pre agreed format.
    • Advise on cost and quantities and monitoring on deviations.
    • Preparation of final cost report of the Project. Final cost report to have as built cost for benchmarking & shall have all necessary workings such as actual cost incurred against each WBS, against each work order & purchase order, co-efficient achieved against WBS, recoverable costs if any, variance if any with convincing reasons, lessons learnt on the project etc.,
    • Regular tracking of estimated cost to complete against all issued contracts with reasons for variation on monthly basis.
    • Preparation of Monthly cash flow statement based on certifications. Earned value analysis method to be adopted for assessing the project progress & production for each month in pre-agreed format.
    • Compare Planned versus Actual cashflow highlighting variance along with reasons.
    • Suggest PMC/Client & Contractors on forecasted cashflow & monitor the same.
    • Preparation of Monthly cash out flow statement for Fund provisions.
    • Coordinate with PMC & Client to obtain contract value & actual value for packages finalized by Client directly.
    • Obtain information from Client on payment details & maintain a payment tracker of actual payments made to all agencies & give this information to PMC/Client Project team.
    • Understand & follow Client specified processes, formats & checklists in coordination with Client QS Team.
    • Collect signed contract documents from contractors along with 1st bill, preserve them till handover.
    • Participate in kick off meetings, brief contractors on QS Processes & formats, statutory compliance requirements for smooth bill certifications.
    • Receipt of contractors’ bills, physical checking at site & certification as per Client set process. Bills to be processed within pre-agreed timelines suiting to project needs.
    • Preparation of variation statement like qty amendments, non-tendered items, technical deviations etc., as per Client Formats. Consultant should forecast the qty & items variation based on physical progress & change order management, ensure that approvals are in place before receipt of contractors’ bills.
    • Verification of non-tendered items, negotiation & recommendation of rates with detailed rate analysis.
    • Certification of final bills as per Client set process.
    • Ensure compliance by Contractors / suppliers, with respect to deliverables for insurance, bonds, statutory requirements, etc.
    • Regular contracts monitoring to ensure contractor comply with the Contractual obligations.
    • Ensure quality materials are used by contractors. Verifying the makes, test certificates, warranty/guarantee certificates of materials as mentioned in contract documents. If any deviations found, bring it to notice of PMC & Client along with remedial action or appropriate debits.
    • Periodic assessment of basic rates in contract documents along with verification of material inward documents to process difference claim by contractors. QS to make sure contractors submit at least 3 quotes & take Client procurement team approval before procurement for basic rate items.
    • Conduct joint inspection for JMR at unavoidable situation along with PMC/Client.
    • Reconciliation of materials supplied by the clients.
    • Plan expected bills & value from contractors, regular follow-up with contractors for submission, timely process to declare monthly production. QS to coordinate with PMC & Client in resolving commercial issues of contractors for smooth bills certification & work progress at site.
    • Collection of all types of Banks guarantees as per contract documents, regular follow-up with contractors for timely renewal. In case of forecasted risk, intimate client as per Client format at least 15 days prior to expiry for revocation of bank guarantees.
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