10 Reasons to work with MASTERS

10 Reasons to work with MASTERS 

As every individual aspires to reach great heights in their professional life, it is very imperative to choose right place to work where one can get the essential platform, exposure and support to enhance one’s aptitude and capabilities. MASTERS being one of the most respected project management companies with PAN India presence run by highly professional individuals, understands this and thus plays a key role in carving the professional path for its employees with constantly evolving career goals by encouraging new talent and nurturing them into becoming better individuals, both professionally and personally!

Masters has delivered landmark projects—the contemporary marvels of the construction industry like the Imperial Towers at Mumbai which still stand as the tallest towers in India. There are many reasons which can be laid down for young professionals like me to work with Masters who are looking for an aspiring career and to give some insights, I have listed below the top 10 which are highly commendable and sets Masters apart all other in the industry:
 

Principles/ Values: The foundation of any organization is the principles & values it poses and Masters have taken this literally.

Honesty, integrity and transparency, the core values of MASTERS are embedded in every individual’s working attitude, which not only strengthens one’s conduct but also builds a strong bond with the associates. Everyone representing Masters strives to conform to the highest standards of ethical behavior, integrity and honesty. A system of values, wherein central importance is ascribed to work, commitment to professionalism, diligence and persistence, is instilled throughout the organization and it is strongly believed that Transparency breeds Trust which is the foundation of rewarding teamwork.

Team Work: At MASTERS everyone counts, everyone!

Masters values contributions from one and all, irrespective of age, gender, experience and qualification. A young graduate has as much say as a senior leader when it comes to knowledge and ideas. Everyone’s thoughts are respected as it is well reckoned, within the organization, that successful endeavors are the result of good teamwork. The teams at MASTERS works unanimously along with all associates to deliver a successful product through result oriented approach and everyone in the team is expected to contribute to the projects. MASTERS is not just a company but a second home where team members are more like family members and where novel ideas are not only embraced but encouraged!!

Ownership: MASTERS gives every team member a sense of ownership for their contribution, which makes the team more connected to project and boosts their moral. Here at MASTERS the aim is to hone employees to develop into ENTREPRENEURIAL PROJECT MANAGERS with a sense of ownership of the Project ability to look beyond the mundane and rise beyond the ordinary. Every individual is encouraged to take-charge & self-direct in order to deliver a product or service to Clients that is of value. It is not just a JOB for the employees at Masters and hence it is ensured that extra initiatives are taken towards the success of a Project. This attitude drives the team’s efforts towards setting higher standards for performance and achievement and this is what sets us apart from others!!

Leadership: At MASTERS leaders create leaders!!

The leaders here carry a culture wherein they motivate others to become future leaders by directing and supporting them to accomplish the delegated task and sail through the complex situations. There are endless opportunities for all, who are willing to take up. Everyone is allowed to take a chance and not be always afraid of the result. Masters promotes risk-takers! The leaders at MASTERS invest their efforts and time, for all risk-takers, to increase the returns from their teams, contributing even to the bottom line to create a stronger, more robust, engaged and valuable work environment. Our organization is well led, not only from the top but at every level.

Healthy Work Environment: Apart from the responsibilities that come with a job perhaps the single most important thing that influences employee motivation, happiness, and how efficient they are, is their working environment. The working environment is one of the key factors in inculcating the right culture towards work and society. MASTERS being diversified in all regions brings the sense of nation with in. There is always an option to get inspired by the cultural diversity this organization offers. 

Professionalism: MASTERS being an ISO 9001:2008 certified company has its processes and practices at par with the International Standards. Upkeep with the new management trends and practices, adaptation to the best practices in the industry helps in the overall growth. Masters focuses on the culmination of competence, knowledge, resourcefulness, quality, attitude, and cooperation not only to ensure the successful completion of deliverables, but also with an exceptional experience over the entire course of a project.

Versatile Exposure: MASTERS has marked their presence in all real estate projects, be it a SEZ project or High rise buildings or hospitality projects. Thiprovides an opportunity to an individual to get versatile exposure in all type of construction projects. Every member in a team gets an opportunity to get hands on to various departments and get upgraded with the latest trends.

Continual Growth: Over the decade year by year MASTERS has spread its wings and has come a long way from acting just as Project Managers to now taking the complete ownership of the projects to ensure that all project needs are met, right from the development phase to the execution/hand-over phase. Masters also renders specialized services like Cost Consultancy & Quantity Surveying, Design Services (with an integrated in-house design team), Development Solutions (from assessing feasibility, viability of projects to complete hand-over) and Real Estate Allied Services etc. Masters with its already established PAN India presence is now looking forward to establishing a strong foothold in the international market as well.

Brand Image: Masters have created a niche in the industry with successful deliveries of numerous projects of different portfolios. Masters under the flagship of Project Management and specialized services have bagged over 130 projects in a decade with several as repeat businesses from same Clients!

Fun Time: Nothing is complete without fun, partying and celebration, reason could be any Top Up party, achievement of major milestone, festive, birthday bash or an annual get together. Masters have never remained at the back seat when it comes to celebrations.

 

Dharmesh Gala
(Project Manager)
Masters Mumbai

Masters key Contributions to the industry..

Masters key Contributions to the industry.. 

Masters have played diverse roles during the construction processes of varied projects across India. Projects completed on time, within budget & as per quality standards giving desired payback to the Client in terms of product satisfaction and repeat businesses that we get from the Clients is self-explanatory as the contributions that MASTERS Teams have made to construction industry over the last decade.

Every construction project, small or big, as perceived by teams at Masters, is different in its own ways! Success of every construction project depends upon an experienced leader to make it happen! Every construction project demands full attention, professionalism and energy of its project team!

The construction industry in India, which has rapidly grown over the last few years, has seen a set of diverse developments ranging in terms of complexities and intricacies. Masters is not only proud but also very fortunate to have been a part of the, so far, most important decade of the Construction Industry in India and to have had the opportunity to contribute its bit.

Masters & the teams have, with their beliefs of continually improving, continued to perform better and offer enhanced quality of services, every single time, to meet the Clients and Projects goals and objectives, thereby ensuring Client’s satisfaction.

While all Projects are temporary lived; however, the outcome of the project is cherished forever. Project management, therefore, which is an art of directing and coordinating human and material resources throughout the life of a construction project in order that the outcome be cherished forever, becomes extremely crucial especially when the aim is combined with achieving desired objectives of scope, cost, time and quality.

Masters, in their endeavor of continually improving and contributing to the Industry, has faced various challenges, but these challenges could never come in the way of Masters Passion to overcome the challenge and fair out successfully.

Many challenges including technology, supply chain risks, poor quality of engineering processes, co-ordination issues, and lack of awareness of health & safety importance and others have come in way of Masters which have been dealt with optimistically.

Other than contributing diverse portfolio of successful projects to the Industry by offering their Project Management Services, Masters has increased awareness manifold amongst various Clients, Consultants and Contractors about Project Management. Masters have instilled the importance of Pre-Construction Management, value of which today is felt necessary for all big and small projects. Clients today understand how important it is to win a war on paper before hitting the ground.

Masters have successfully completed numerous projects offering allied professional management services including pre-construction management, design management, procurement & contracts management, planning management, onsite project management and other associated consultancy services for Greenfield as well as Fit-out Projects by adhering to the highest standards of excellence upholding the core values of honesty, integrity and transparency.

Some project references may include:

• The Imperial Towers, Mumbai
• L&T Infocity (IT SEZ), Hyderabad
• TRILIUM Mall at Amritsar for Tata Realty & Infrastructure Ltd.
• Faculty & Students Housing for Indian School of Business at Hyderabad
• Vivanta by Taj, Dwarka for IHCL
• Metalsa’s Industrial Complex at Jamshedpur
• Godrej Waterside for Godrej at Kolkata
• SP Infocity for SPRE at Gurgaon
• Novotel Hotel for Eastern International Hotels Ltd at Mumbai
• Campus for Dell International at Hyderabad

Masters have also contributed its share towards “Greening” the construction industry in India and have successfully completed several projects including the Corporate Office of Dr. Reddy’s Laboratories at Hyderabad which is a gold rated LEED certified building and Red Fort Capital Parsvanath Towers at Delhi which is on its way to become a silver rated LEED certified building!

Masters, in its tenure of 10 years, have always believed in the mantra of “if something is worth doing, it is worth doing well” and have followed this mantra in all their projects thereby enhancing the Indian outlook towards Project Management matching it with the global standards!!

Javed Ahmed
(Project Manager)
Masters Hyderabad

PMC, as seen a decade ago

Project Management Consultancy, as seen a decade ago 

At Masters we believe in teamwork, at work and also in celebrations! As we complete 10 years this month, over the next few days we will be sharing our story of existence with you. Starting from what led to our inception, our virtues (that still hold strong today), our key contributions to the industry, what to look forward to in the next 10 years and much more insights. Stay tuned!

Read at - http://www.masterspmc.com/celebrating-10-years-of-masters/74-pmc-as-seen-a-decade-ago

As technical the term Project Management may sound to many, to my inner conscious I smile and say it to be the most simplest phrase. In very simple language, I would say Project Management, as we understand at Masters, is the process and activity of planning, organizing, motivating, and controlling resources, procedures and protocols to achieve specific goals in scientific or daily problems. What integrates technically here is the industry; i.e. construction.  

As we have maintained here at Masters over the last 10 years, correct application & integration of various project management processes & tools results in planning, managing and controlling various project parameters including the cost, the time, the scope and the quality, thereby delivering the product.

During this journey of 10 years of Masters, we have come across an array of experiences from various clients as regards their understanding and expectations from a Project Management Consultant and an amalgamation of these put together interests me to pen down the development in the notion of having a PMC on-board for a project.

As we closely look back, say 10 years back, at the approach/modality of Project Management, substantial changes/up-gradation are observed in today’s time. If I only talk about the very basics, in those days of a decade back, I correctly recall the existence of a PMC on ground was extremely narrow. Most Clients as well as the Contractors were not in particular aware of the role & responsibilities; keep aside the value additions, which a PMC would bring on board. Variation was felt in the understanding of the Contractors and the Client’s w.r.t the authority that a PMC team would carry, the systems that a PMC would follow and the results that would be seen. 

These differences, as we talk about briefly, have certainly brought more challenges to the PMC teams in implementing an overall Project Management system and methodologies amongst all stakeholders involved in the project. 

In the then construction industry, the PMC was by and large understood to be working as an overseer appointed by the client to examine and scrutinize contractor’s quality of work at site and certification of bill for work executed by contractor. And this, belief, was popularly termed as “Supervision Consultancy”. 

However, taking the challenge as the opportunity, the industry today understands the importance of PMC’s which is due to increasing awareness on the role & significance of PMC.

The then PMC role, as on today have evolved and emerged broadly into two categories:

1. Technical
2. Commercial

Project key Stakeholders have started to understand the importance both of the technical as well as the commercial roles and the value additions which a PMC brings in within the two.

 The Clients have felt the importance and have established the requirement of the technical roles addressed by PMC team with extensive involvement primarily in the process of Project Design Management, Procurement & Contracts Management, Planning Management, & Construction Process Management in one hand and Q.S. and Cost Management as part of Commercial Management on the other hand. 

However, in the last 10 years, Project Management did not stop here and have moved a step ahead. A PMC team today understands that besides their primary role to complete the project within the desired time, cost and quality they are also responsible for continuous development with particular emphasis on Project Integration Management, Project Communication Management, Risk Management, Stakeholder Management etc. 

With this continuous evolution of PMC service in Construction industry, we at Masters have always put our best endeavor to ride through a learning curve and maintained our services at par with the best industry standards and practices. Development and up gradation of Project Specific Procedure (PSP) of Masters in the recent past has been a step towards such an effort in maintaining the pace for development of PMC services. 

Masters is proud to have been a part of this most important decade for the industry which has seen the establishment of requirements and significance of PMC. 

Saikat Majumdar              (AGM)                                                                                                                                                                                                                        Masters Kolkata                                                                                                                   

Cost Consultancy - A partner in managing costs

Cost Consultancy - A partner in managing costs
 

Cost Consultancy as a service encompasses cost estimating, cost management, the production of bid and contract documents, the financial administration of building contracts and dispute resolution.

A full fledged construction cost consultancy service comprising quantity surveying, feasibility studies, cost planning, value engineering and cost option studies.

Cost consultants can devise and manage the procurement process, bench marking costs against other projects.

Cost Consultancy @ Masters

Masters also undertakes assignments of cost management and monitoring of the project to ensure that the project is being developed to the client’s Requirements within the best value proposition, quality parameters and budget. Masters’ cost management team establishes an effective centralized cost management and change monitoring system for all stakeholders in the project.

Pre-Contract Cost Advice and Cost Management

Masters believes that an initial budgetary assessment of the project puts into perspective its long-term feasibility. We can undertake this by providing a well-defined cost/benefit determination based upon the preliminary design proposals. Our cost management teams meticulously gauge feasibility by working closely with our design, engineering and contracting experts to prepare an accurate cost plan and cash flow that includes not only assumptions of forward purchases of materials and equipment but also reflects upon the comparative costs of alternatives of designs, materials and methods and that can be employed to alter the existing cost indications. As the project advances, it is closely monitored to take into account all sizable cost changes that are incurred on account of alterations in design, contractual adjustments and budgetary modifications.

Tendering and Documentation

In addition to Pre-Contract Cost Advice and Management, we help our clients in tendering and documentation. Our contractual experts help in selecting the most efficient building contract partners to work on your project, administer the tendering procedures along with preparing and executing all required documentation in consultation with engineers, designers as well as your legal and insurance advisors.

Post Contract Cost Control and Monitoring

Masters’ cost management team provides project cost control and administrative services based on assessments and forecasts of expenditure and final cost including cost checks and costs of variations on a regular basis. Our Cost Managers keep you updated by providing monthly cost reports that help in the development of progressive cost plans that are reflective upon assessments and forecasts of expenditure and also facilitate revisions of cash flow, thus ensuring rigorous monitoring of project expenditure.

Post Contract Financial Management

As your Client Representative, Masters represents your best interest in interactions with contractors, major sub contractors and all other consultants. Our cost managers prepare monthly cost plans, which include valuations and progress payments for contractors, materials and overheads along with final cost reports prior to closeout.

The presentation of final accounts to the clients incorporates all financial concerns of the project, including but not limited to the monetary impact of project delays, prolongation claims and acceleration costs and the final resolution contractual claims.

Some of our Cost Consultancy Projects are as under:

- Runwal Eupharia, Pune

- Runwal Greens, Mumbai

- HBS Office, Mumbai

- The Imperial, Mumbai

- Novotel, Mumbai

Know more about Cost Consultancy services India by contacting us at - 

Head Office:

Masters Management India Private Limited
New Udyog Mandir,
Kamanwala Chambers No.2,
Unit No. 7, Ground Floor,
Mugal Road, Mahim (West),
Mumbai - 400 016
Phone : +91 22 64567600

Key Success Factors for a Turnkey Construction Project

Key Success Factors for a Turnkey Construction Project

A turnkey contract is a business arrangement in which a project is delivered in a completed state. Rather than contracting with an owner to develop a project in stages, the development manager or the turnkey solution provider is hired to finish the entire project including design, construction, PMC.

The development manager or the turnkey solution provider is separate from the final owner or operator, and the project is turned over only once it is fully operational. In effect, the development manager or the turnkey solution provider undertakes the project from start to end and “turns the key” over to the owner.

This type of arrangement is commonly used for construction projects ranging from single buildings to large-scale developments. Under a traditional lump-sum contract, the owner agrees to pay the development manager or the turnkey solution provider to complete a project that is built to the owner's requirements and specifications. While the owner is, at all times, given several opportunities to make decisions throughout the project, as well as to make changes as needed, however, in such arrangements, the Owner is in much lesser burden of the project as the development manager or the turnkey solution provider handles all problems related to construction of the project. 

Key factors involved:

Project Management

The complexity and magnitude of a turnkey construction requires, even more so than in other construction project types, the effective coordination and management of providers, subcontractors and government agencies. The most important criteria that determine the success of a construction project include budget and schedule compliance and whether it conforms to owner's expectations. Effective project management is required to control the progress and cost of a construction project.

Risk Allocation and Cost Estimation
Turnkey construction projects require the development manager or the turnkey solution provider to assume higher risks than other construction contract methods. A turnkey project may require the development manager or the turnkey solution provider to allow for multiple eventualities that cannot be easily foreseen. For instance, the development manager or the turnkey solution provider may have to, beforehand, take into account the ground conditions of a building site.

Cash Flow

Turnkey projects require the development manager or the turnkey solution provider to take on the operational costs until the project is completed. Successful projects require the development manager or the turnkey solution provider to have the necessary cash flow to meet construction costs until payment is received. At most times, the development manager or the turnkey solution provider and the owner/ clients agree on milestone based payments.

About Masters

Masters Management Consultants India Private Limited provides turnkey solutions for your projects. For Clients with multiple businesses or for Clients who are based at a different location than project’s location or for any other time/ technical constraints, can make use of our Development Solutions.

Turnkey Construction services by Masters are offered to streamline construction processes, making it easy for you to achieve your objectives while benefitting from tremendous savings in both time and cost, and ensuring quality at the same time.

We take pride in developing strong working relationships with developers and architects while delivering top-quality workmanship through every phase of a project.

Get in touch with Masters for more details on connect@masterspmc.com

Head Office:

Masters Management India Private Limited
New Udyog Mandir,
Kamanwala Chambers No.2,
Unit No. 7, Ground Floor,
Mugal Road, Mahim (West),
Mumbai - 400 016
Phone : +91 22 64567600