AGM/DGM - Commercial (Alibaug/Worli)

Lodha; Mumbai, Alibag; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Lodha is seeking an AGM/DGM CM (Commercial) to lead cost control and budgeting for its projects in India. The role focuses on maintaining project profitability, cost discipline, and accurate forecasting to support management decisions.

You will drive vendor management, contract administration, and adherence to company commercial policies, ensuring timely payments and zero-variance in critical cost areas.

Qualifications

• B.E. Civil Engineering is required; PG qualification preferred.
• Strong commercial acumen and cost-management experience essential.
• Experience with budgeting, cost-control, and contract management should be demonstrated.

Responsibilities

• Prepare and finalize detailed Project Cost to Complete (CTC) based on design and construction methodology.
• Coordinate finalization with the DCO team and ensure timely vendor bill certification.
• Maintain contract register, variations, and budget adjustments; monitor milestones and financial commitments.
• Mentor team members and build capability in cost planning and contract management.
• Support cash flow planning, cost forecasting, and AOP finalizations.

Skills

Commercial Acumen

Billing Coordination

Vendor Management

Budget Analysis

Budget Control Monitoring

Discretional Spend

Education

B.E. Civil Engineering

PG (Preferable)

Job description

Designation: AGM/ DGM CM(Commercial)

Job Profile

To lead and manage the cost control, budgeting, and commercial functions of the project, ensuring effective financial planning, cost monitoring, contract management, and adherence to company policies. The role is responsible for maintaining project profitability, ensuring cost discipline, and supporting management in decision-making through accurate cost analysis and forecasting.

Qualification

B.E. Civil Engineering + PG (Preferable)

Preferred skills

Commercial Acumen, Billing Coordination, Vendor Management, Budget Analysis and Budget Control Monitoring CM Discretional Spent to be within Organizational norms.

Key responsibilities

Prepare and finalize detailed Project Cost to Complete (CTC) based on design, specifications, and construction methodology. Coordinating the finalization process along with the DCO team.

15-20 years experience

Practice & Other requirements

• ¢ Support management in cash flow planning, cost forecasting, and AOP finalizations.
• ¢ Ensure timely certification and closure of vendor bills, minimizing hold-ups and disputes.
• ¢ Implement cost control mechanisms to track site-level expenses, consumables, and petty cash usage.
• ¢ Work closely with the Procurement team for preparation and finalization of work orders, service orders, and amendments.
• ¢ Ensure timely issuance of contract amendments for approved extra items, deviations, and variations.
• ¢ Scrutinize and validate extra item proposals, rate analyses, and change orders.
• ¢ Maintain a comprehensive contract register and track deliverables, milestones, and financial commitments.
• ¢ Ensure proper documentation, approvals, and budget adjustments for variations and scope changes.
• ¢ Maintain updated records of all commercial deviations for audit and management reporting.
• ¢ Drive adherence to companys commercial policies and approval protocols.
• ¢ Highlight potential risks or savings opportunities through analytical cost insights.
• ¢ Support internal and external audit requirements by maintaining transparent documentation.
• ¢ Foster close coordination with Project Execution, Planning, Finance, and Design teams for seamless process flow & timely vendor payment.
• ¢ Mentor team members and build capability in cost planning and contract management.

About Lodha

Shape the future of real estate

At Lodha, we are not merely constructing buildings; we are redefining the way people live and work. We are driven by our purpose of Building a Better Life, to elevate the living experience in India to international standards. Having delivered 60,000+ homes, we view real estate as more than physical spaces; it's about enriching lives through nurturing and enabling environments. With the Indian real estate sector poised for exponential growth, estimated to be $5.8 trillion by 2047*, Lodha is uniquely positioned to shape this future.

Create a tomorrow thats better than today

We are committed to leaving a net positive impact on the environment as well as the communities we touch. We have set an ambitious goal to become a net-zero carbon emissions company by 2050 and are leading the way in global sustainability benchmarks.

Our Lodha Net Zero Urban Accelerator, in partnership with RMI India Foundation, is driving the building sector's contribution to India's net-zero emissions target. Our social impact initiatives include Unnati which champions female participation in the workforce and the Lodha Genius Programme that nurtures nations brightest young minds and instills a spirit of giving back to the society.

Be a part of the dynamic culture

Our greatest asset is our people. With a team of approximately 4,800 associates, we live by our Employee Value Proposition - Build the Best, Be the Best. We champion a 'talent-first' culture, deeply rooted in the principles of inclusivity, diversity, and fairness attracting talent from diverse industries. Visionary leadership, coupled with an empowering environment and continual learning opportunities enable our associates to pave a pathway to excellence and success.

Are you ready to be part of something extraordinary? The journey begins here. Come, discover your potential at Lodha.