BISWAJIT RAKSHIT, Sr. Manager - Procurement & Cost Management

BISWAJIT RAKSHIT

Sr. Manager - Procurement & Cost Management

Emaar Properties

Location
United Arab Emirates - Dubai
Education
Bachelor's degree, Bsc (Hons) in Quantity Surveying
Experience
23 years, 8 Months

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Work Experience

Total years of experience :23 years, 8 Months

Sr. Manager - Procurement & Cost Management at Emaar Properties
  • United Arab Emirates - Dubai
  • My current job since October 2018

Projects Handled:
Downtown Development, Creek Harbour, Dubai Hills Estate, Emaar South, Mina Rashid, Arabian Ranches 1, 2 &3
I am entrusted for Tendering, Procurement, and Cost Management of numerous constructions contracts related to Roads, Bridges, Marine works, deep & shallow utility services, Golf course, Landscape Works, District Cooling Plant, Chilled water network, 132/11 KV Substations etc for seven Mega Master Development (combined construction cost over AED 25 Billion under my portfolio).

Roles and Responsibilities:
• Procurement:
o Managing vendors pre-qualification process and responsible for Supply chain management
o Setup Procurement strategy for each development in coordination with Project delivery team and Finance department.
o Participate in the risk review process with Project delivery team, Planning, Legal and FM team for all major packages before floating the Tender invitation.
o Managing tendering process, negotiation of prices and contractual terms & conditions.
o Prepare Tender report for management approval to award the Contract, and handing over Contract documents to the delivery team / project consultant.

• Cost Management:
o Prepare preliminary cost plan during project feasibility study
o Preparing and updating cost plan on every design phases in coordination with design team to identify construction cost of various options, conducting Value Engineering workshop, setting up project budget, compare budget with feasibility budget to report variance.
o Review and Approval of post contract Variations, Claims, Prolongation cost, and Final account.
o Setup and update Benchmark elemental rates for Budget preparation and Price analysis of upcoming packages/projects.

Highlights:
• Conducted several Value Engineering Workshop and achieved circa AED 500 Million cost savings in 2019, without compromising the expected quality or serviceability.
• Recognized for implementing robust Cost Control & Cost Reporting Process; appreciated for the same
• Managing an in-house team of Procurement Managers & Quantity Surveyors, and several team of external QS/cost consultant.

Commercial Manager at Damac Properties
  • United Arab Emirates - Dubai
  • November 2013 to October 2018

My responsibility was to manage the Project commercial operation and Contract Administration of multiple packages for two large Master Development that includes Infrastructure development, 132/11 KV Sub-station, Golf Course, Buildings and Landscape works (combined construction cost over AED 4 Billion under my portfolio).
Roles and Responsibilities:
• Pre-contract:
o Preparing and updating cost plan, attend VE workshop, validate project budget before Tender floating, analysis and reporting to management for any variance.
o Finalizing procurement strategy, compilation of tender documents, review of tender submission and recommendation for further action
o Participating in the pre-bid / PTC discussion on the commercial matters with the bidders
o Participate in the risk review process with the Technical, Project Management, Planning, Legal and FM team
o Vetting commercial terms & conditions in the Tender documents
• Post-Contract:
o Identification of both commercial & project specific risk and implementation of plans and solutions to minimize risk
o Validation and evaluation of variations and claims
o Drafting Contractual correspondence, issuing Contract amendments, managing expenditure of provisional sums and sub-contractors nomination, Settlement of Final Account, administering release of retention and guarantees
o Preparation of monthly Cost Report, Cost Trend analysis, analyzing the cost variance reports with Technical Team and Project Managers for remedial action and conducting project cost performance reviews periodically
o Ensuring Contractors & Consultants compliance with contractual requirement such as submission & renewal of Insurances, Bonds and Guarantees

Highlights:
• Efficiently handled termination of few contractor's employment due to contractor's breach of Contract and appointed competent replacement Contractor within a short period to complete the works on time
• Implemented Change Control Process and enhanced the speed & transparency in variation approval process, that resulted benefits for the company
• Promoted to Commercial Manager from Sr. Quantity Surveyor in 1 year for my ability to demonstrate independent handling of Project Commercial operations and Contract administration
• Managing an in-house team of 5 Quantity Surveyors and numerous external QS/cost consultant.

Senior Quantity Surveyor at Arabian Construction Company
  • United Arab Emirates - Dubai
  • March 2007 to November 2013

Role:
• Headed a team of 5 Quantity Surveyor / Cost control Engineer
• Manage project QS activities including review of Interim Payment Application, material reconciliation, escalation, development of accurate quantity matrix, preparation of claims for delay & extension of time, change management, value engineering, drafting contractual correspondence, formulation of sub-contract procurement strategy, awarding of sub-contract package and Final Account Settlement.

Highlights:
• Promoted to Sr. Quantity Surveyor from Quantity Surveyor within 1 year of joining

Quantity Surveyor at GALFAR ENGINEERING & CONTRACTING LLC
  • Oman - Muscat
  • March 2006 to March 2007

Role:
• Looked after all post contract QS activities
• Undertook all responsibilities includes preparation of Payment Application, Quantity Take-off, follow-up of variations / day works / claims, material reconciliation, analysis & comparison of supply or subcontract proposal and processing of sub-contractors & suppliers invoices.

Engineer – Quantity Survey at HINDUSTAN CONSTRUCTION CO. LTD
  • India
  • December 2003 to March 2006

Role:
• Looked after all post contract QS activities
• Developed monthly valuation of work done and handled submission to the client with Consultant through verification of claimed quantity

Jr. Engineer – Civil. at `PAHARPUR COOLING TOWERS LTD
  • India
  • August 2000 to December 2003

Role:
• Involved in quantity take-off and prepare BoQ of Cooling Tower construction for D&B packages
• Assist Technical Manager in preparation of Tender returns for Industrial Cooling Towers

Education

Bachelor's degree, Bsc (Hons) in Quantity Surveying
  • at The College of Estate Management, University of Reading
  • September 2013

This course is Accredited by RICS, CIOB, HKIS, SISV.

Diploma, Civil Engineering
  • at Jadavpur
  • July 2000

First class with distinction mark (81%)

Specialties & Skills

Quantity Surveying
Commercial Management
Procurement
Value Engineering
AutoCAD
CCS candy
MS Excel

Languages

English
Expert
Hindi
Beginner

Memberships

Royal Institute of Chartered Surveyor (RICS), UK
  • MRICS
  • October 2015
The Institution of Surveyors, India
  • Member
  • March 2016
IPSCMI, USA
  • • Certified International Commercial Contracts Manager (CICCM)
  • April 2017

Training and Certifications

Sound Contract Administration (Training)
Training Institute:
DRSAM FZE
Date Attended:
November 2018
Duration:
25 hours
Correspondence for Contracts (Training)
Training Institute:
British Legal Centre
Date Attended:
July 2015
Duration:
10 hours
Public Speaking (Certificate)
Date Attended:
July 2014
Valid Until:
January 9999