Assistant Cost Management Manager

Job Description Cost Management

Job Title: Assistant Manager

Industry: Infrastructure / Construction (Hotel)

Location: Upper Chembur

Experience Required: 3 to 5 Years

Position Summary

The Assistant Manager – Cost Management will be responsible for managing project costs across both pre-contract and post-contract stages, including cost planning, feasibility studies, budgeting, tender estimation, cost control, forecasting, commercial coordination, and value engineering.

Key Responsibilities

1. Cost Planning & Budgeting

• Develop detailed project budgets based on BOQs, drawings, specifications, and project scope.
• Prepare cost plans for all project phases, from pre-construction to project completion.
• Establish project cost baselines and monitor adherence throughout execution.
• Review project budgets periodically and recommend corrective measures where required.

2. Cost Monitoring & Control

• Monitor actual project expenditures against approved budgets.
• Identify cost overruns, variances, and financial risks at an early stage.
• Prepare monthly cost reports, cash flow forecasts, and management dashboards.
• Recommend cost optimization strategies without compromising quality or timelines.
• Maintain accurate cost records and financial documentation.

3. Estimation & Tender Support

• Review quantity estimates and cost estimates for new projects.
• Validate tender pricing and commercial proposals.
• Support bid preparation through accurate cost analysis.
• Benchmark project costs with historical and market data.

4. Project Financial Management

• Track project profitability and financial performance.
• Prepare project cost forecasts until completion.
• Analyze earned value, productivity, and project financial indicators.
• Coordinate with Finance for project accounting and revenue recognition.

5. Vendor & Procurement Cost Management

• Evaluate vendor quotations and commercial bids.
• Participate in vendor negotiations to achieve cost-effective procurement.
• Review purchase orders, subcontract agreements, and payment certifications.
• Ensure procurement activities remain within approved budgets.

6. Contract & Commercial Coordination

• Coordinate with the Contracts and Commercial teams regarding variations, claims, and change orders.
• Assess financial implications of design changes and scope revisions.
• Support commercial negotiations with clients and subcontractors.
• Ensure contractual compliance related to project costs.

7. Value Engineering

• Lead value engineering initiatives to optimize project costs.
• Recommend alternative materials, construction methods, and technologies.
• Evaluate cost-benefit analyses for engineering proposals.
• Drive continuous cost improvement across projects.

8. MIS & Reporting

• Develop and maintain project cost dashboards.
• Present monthly project financial reports to senior management.
• Prepare budget variance analysis and management presentations.
• Generate periodic KPI reports related to project costs.

9. Risk Management

• Identify financial and commercial risks affecting project profitability.
• Develop mitigation strategies for cost escalation.
• Monitor market price fluctuations for key construction materials.
• Maintain contingency planning for major projects.

10. Pre-Contract Cost Management

• Prepare and review pre-contract cost plans, feasibility estimates, and preliminary budgets.
• Conduct cost estimation and budget development based on drawings, specifications, scope, and project requirements.
• Review BOQs, tender documents, specifications, and design information to identify cost implications.
• Support tendering and procurement strategies, including cost benchmarking and commercial evaluation.
• Analyze contractor/subcontractor bids, quotations, and rate comparisons.
• Prepare tender estimates and cost comparisons and provide recommendations to management.
• Conduct value engineering and cost optimization during the design and pre-construction stages.
• Assess the cost impact of design changes, material selections, and construction methodologies before project award.
• Coordinate with Design, QS, Procurement, Contracts, and Project teams to establish the pre-contract budget and cost baseline.

Key Performance Indicators (KPIs)

• Budget adherence across all projects.
• Project profitability and gross margin.
• Cost variance within approved limits.
• Accuracy of project cost forecasts.
• Reduction in unnecessary project expenditure.
• Timely submission of monthly cost reports.
• Procurement savings achieved.
• Effectiveness of value engineering initiatives.
• Improvement in project cash flow.
• Successful completion of projects within budget.

Experience

• Experience in hospitality, commercial, residential, industrial, or infrastructure projects.
• Proven experience handling multiple high-value projects simultaneously.
• Mandatory experience in pre-contract cost management, including cost planning, feasibility estimates, tender estimation, BOQ review, rate analysis, bid evaluation, and value engineering.
• Candidates should have experience in both pre-contract and post-contract cost management for construction/hospitality projects.

Technical Skills

• Project Cost Planning & Budgeting
• Quantity Surveying
• BOQ Analysis
• Cost Estimation
• Rate Analysis
• Cash Flow Management
• Earned Value Management (EVM)
• Value Engineering
• Project Forecasting
• Cost Variance Analysis
• Vendor Commercial Evaluation
• Contract Administration
• Risk Assessment
• Project Controls
• Construction Billing

Software Knowledge

• Advanced Microsoft Excel
• Primavera P6
• Microsoft Project
• ERP Systems
• AutoCAD (Basic understanding)
• Cost Management Software

About Company:

We are hiring for one of the key verticals of Parekh Global – Gnosis Infradevelopers LLP, a growing organization engaged in Civil & Infrastructure Projects.

Link: https://parekhglobal.com/

Gnosis Infradevelopers LLP:

Gnosis Infradevelopers LLP is the specialized infrastructure, design, and construction arm of the group, delivering innovative and large-scale development solutions across industrial and commercial sectors.

The company specializes in the design and execution of high-performance industrial and infrastructure projects, with strong expertise in creating large-scale structural spaces tailored to modern business needs.

Gnosis Infradevelopers has successfully executed approximately 500,000 sq. ft. of real estate development, including advanced logistics warehouses and premium 5-star hospitality projects.

With a strong focus on project management excellence, the company manages developments from concept to completion, emphasizing cost efficiency, architectural quality, timely delivery, and operational excellence.

Link: https://parekhglobal.com/gnosis-infradevelopment/

• Working Details:

1. Working hours = 8 and half hours

2. Working days= 1st and 3rd Saturday 4 and half hours working (half day),

2nd and 4th Saturday are off