Cost Manager

THE Talent Keepers; Mumbai; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

THE Talent Keepers in Mumbai seeks a seasoned contract commercial professional to lead post‑award cost management, quantity measurement and valuation, variation control and claims management across projects. You will coordinate with project teams to monitor budgets, costs, and interim payments, and prepare routine cost reports.

The role covers procurement and subcontract management, final accounts, and close‑out activities, ensuring compliance with contracts and delivering clear financial

Responsibilities

• Post-Contract Cost Management
• Quantity Measurement & Valuation
• Variation & Change Management
• Claims & Commercial Management
• Cost Reporting & Forecasting
• Contract Administration
• Procurement & Subcontract Management
• Final Account & Project Close-Out

Job description

Key Responsibilities

1. Post-Contract Cost Management

• Manage cost and commercial activities from contract award through project completion.
• Monitor project expenditure against approved budgets and contract values.
• Prepare and maintain detailed cost reports and cost forecasts.
• Track committed, actual and forecast project costs.
• Identify potential cost overruns and recommend corrective actions.

2. Quantity Measurement & Valuation

• Review and verify contractor measurements, quantities and interim payment applications.
• Certify / support interim payment valuations in accordance with contract terms.
• Review BOQs, quantities and rates against executed works.
• Ensure accurate measurement and valuation of civil works.

3. Variation & Change Management

• Identify, evaluate and manage variations / change orders.
• Assess the commercial impact of design and scope changes.
• Review contractor variation submissions, rates and supporting documentation.
• Maintain variation and change-control registers.
• Negotiate and recommend appropriate commercial settlements.

4. Claims & Commercial Management

• Review contractor claims related to variations, delays, extensions of time, loss & expense and additional costs.
• Analyse contractual entitlement and financial impact.
• Coordinate with Project Management, Planning and Contracts teams on claims.
• Support resolution of commercial disputes and negotiations.

5. Cost Reporting & Forecasting

• Prepare monthly cost reports, cash-flow forecasts and cost-to-complete reports.
• Track project budget, committed costs, variations and forecast final cost.
• Provide management with clear visibility of commercial risks and opportunities.
• Highlight cost trends and potential financial exposure.

6. Contract Administration

• Review contract conditions, BOQ, specifications and commercial provisions.
• Ensure commercial activities are carried out in line with contractual requirements.
• Support contract correspondence and commercial documentation.
• Coordinate with Legal / Contracts teams wherever required.

7. Procurement & Subcontract Management

• Review subcontractor / contractor commercial proposals.
• Support procurement and commercial evaluation of packages.
• Review subcontractor payments, variations and final accounts.
• Ensure commercial alignment between main contract and subcontract packages.

8. Final Account & Project Close-Out

• Lead / support preparation and settlement of final accounts.
• Reconcile contract value, variations, payments and outstanding claims.
• Ensure all commercial documentation is completed before project close-out.
• Support commercial handover and lessons-learned activities.