Cost Manager - Project Cost Control

House of Hiranandani; Mumbai; On-site; INR 2,400,000 - 4,200,000; Full time

Job summary

House of Hiranandani in Mumbai is seeking a Cost Manager to own end-to-end cost management for real estate projects, including budgeting, cost control, and value engineering. You will collaborate with project, design, procurement and finance teams to keep projects within budgets, develop cost plans and benchmarks, review BOQs, analyse rates, and drive cost optimization while upholding quality.

The ideal candidate has civil engineering background with 10–14 years of experience in project cost

Qualifications

• Bachelor in Civil Engineering is required.
• 10-14 years' experience in project cost management (Real estate preferred).
• NICMAR/RICS/MBA or SAP certification is an added advantage.

Responsibilities

• Lead construction cost planning, estimation and budgeting for real estate projects from concept to completion.
• Prepare and review BOQs, quantity estimates, rate analysis and detailed construction cost estimates.
• Develop and maintain project cost plans, element-wise budgets and construction cost benchmarks.
• Monitor actual costs, commitments and forecasts against approved budgets, identify variances and control cost overruns.
• Prepare Cost-to-Complete (CTC), cost forecasts and management cost reports.
• Evaluate cost impact of design changes, variations, additional works and scope changes.
• Drive value engineering and cost optimisation while maintaining project quality and specifications.
• Review tender estimates, contractor quotations, rate comparisons and commercial proposals.
• Coordinate with Design, Projects, Procurement, Contracts and Finance teams for effective cost management.
• Maintain construction cost databases, historical rates and project benchmarks to improve budgeting and estimation accuracy.
• Ensure budget allocation, cost data integrity and WBS mapping in SAP and support project cost audits.

Skills

Cost estimation

Budgeting

Cost control

Value engineering

BOQ preparation

Rate analysis

Tender documentation

Project cost management

Analytical thinking

Negotiation

Education

Bachelor in Civil Engineering

NICMAR certification

MBA

SAP certification

Tools

SAP PS/MM

AutoCAD

MS Office

Job description

Job Description:

Job Description: Cost Manager

Position Overview

The Cost Manager will own end-to-end cost management for assigned projects — budgeting, cost control, value engineering, and process standardization — working closely with project, design, procurement, and finance teams to keep projects within approved budgets and drive continuous improvement in the cost management function.

Key Responsibilities

• Lead construction cost planning, estimation and budgeting for real estate projects from concept to completion.
• Prepare and review BOQs, quantity estimates, rate analysis and detailed construction cost estimates.
• Develop and maintain project cost plans, element-wise budgets and construction cost benchmarks.
• Monitor actual costs, commitments and forecasts against approved budgets, identify variances and control cost overruns.
• Prepare Cost-to-Complete (CTC), cost forecasts and management cost reports.
• Evaluate cost impact of design changes, variations, additional works and scope changes.
• Drive value engineering and cost optimisation while maintaining project quality and specifications.
• Review tender estimates, contractor quotations, rate comparisons and commercial proposals.
• Coordinate with Design, Projects, Procurement, Contracts and Finance teams for effective cost management.
• Maintain construction cost databases, historical rates and project benchmarks to improve budgeting and estimation accuracy.
• Ensure budget allocation, cost data integrity and WBS mapping in SAP and support project cost audits.

Skills & Competencies

• Strong grounding in cost estimation, budgeting, cost control, and value engineering.
• Working knowledge of SAP (PS/MM), AutoCAD, and advanced MS.
• Proficiency in BOQ preparation, rate analysis, quantity take-offs, and tender documentation.
• Strong analytical ability, attention to detail, and communication/negotiation skills; process improvement mindset.

Qualifications & Experience

• Bachelor in Civil Engineering.
• 10-14 years' experience in project cost management (Real estate preferred).
• NICMAR/RICS/MBA or SAP certification is an added advantage.

Reporting & Collaboration

• Reports to: HOD – Project Management Office
• Works closely with project managers, design,