Cost Manager Ventora Staffing

The Corporate Institute; Mumbai; On-site; INR 1,500,000 - 2,300,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a seasoned Cost Manager to lead cost planning, budgeting, and post-contract cost control for large projects. You will coordinate with design, procurement, and contracts teams to optimize cost while preserving quality and scope.

Responsibilities cover value engineering, tender evaluation, change control, and monthly cost reporting. A rigorous, cross-functional approach is essential in a dynamic project environment.

Responsibilities

• Develop and maintain the overall project cost plan and budget.
• Establish cost benchmarks and monitor expenditure against budgets.
• Prepare cost estimates at various design stages.
• Provide cost advice to Client and Project Director during design and execution.
• Identify cost risks and recommend mitigations.
• Review scope, drawings, specs, and BOQs for cost implications.
• Prepare preliminary and detailed estimates.
• Develop and maintain cost plans through concept to tender stages.
• Support value engineering to optimize cost without compromising design or quality.
• Review tender documents to align scope with budget.
• Support procurement strategy and packaging of works.
• Prepare or review BOQs and tender documents.
• Manage tendering from a cost-management perspective.
• Analyze quotations and prepare commercial comparisons.
• Participate in negotiations and recommend contractor appointments.
• Monitor costs, commitments, forecasts, and actual expenditure.
• Review interim payments and payment recommendations.
• Track variations, change orders, claims, and exposure.
• Maintain Cost Report, Cash Flow, Commitment Register, and Change Control Register.
• Prepare monthly cost reports highlighting budget status and risks.
• Establish and manage change control process.
• Review variation submissions and assess entitlement and valuation.
• Monitor design changes and cost impact.
• Provide cost advice before change approvals.
• Ensure changes are documented and approved.
• Coordinate with Contracts Manager, QS, PMs, Planning, Design, and Procurement.
• Review contractual implications of decisions.
• Support claims assessment and disputes.
• Provide inputs for EOT and delay-related claims.
• Prepare monthly cost reports for client and senior management.
• Monitor actual cost against budget and forecast final cost.
• Prepare cash flow projections and forecasts.
• Highlight overruns, risks, and opportunities.
• Provide recommendations to support client decisions.
• Lead value engineering with design and project teams.
• Identify alternatives for cost savings.
• Evaluate cost, schedule, quality, and lifecycle impacts of alternatives.
• Review and agree contractor final accounts.
• Close variations and claims before project completion.
• Verify final cost against budget.
• Support commercial close-out and final reporting.

Job description

Key Responsibilities:

Cost Planning & Budget Management:

• Develop and maintain the overall project cost plan and budget.
• Establish cost benchmarks and monitor project expenditure against approved budgets.
• Prepare cost estimates at various stages of design development.
• Provide cost advice to the Client and Project Director during design and execution.
• Identify potential cost risks and recommend mitigation measures.

Pre-Contract Cost Management:

• Review project scope, drawings, specifications, and BOQs for cost implications.
• Prepare preliminary and detailed cost estimates.
• Develop and maintain cost plans through concept, schematic, design development, and tender stages.
• Support value engineering exercises to optimize project cost without compromising design, quality, or functionality.
• Review tender documentation and ensure alignment between scope and budget.

Tender & Procurement Management:

• Support procurement strategy and packaging of works.
• Prepare/review BOQs, pricing schedules, and commercial tender documents.
• Manage tendering activities from a cost management perspective.
• Analyze contractor quotations and prepare detailed commercial comparisons.
• Participate in commercial negotiations and provide recommendations for contractor appointment.

Post-Contract Cost Control:

• Monitor project costs, commitments, forecasts, and actual expenditure.
• Review contractor interim payment applications and payment recommendations.
• Track variations, change orders, claims, and potential commercial exposure.
• Maintain the project Cost Report, Cash Flow, Commitment Register, and Change Control Register.
• Prepare monthly cost reports highlighting budget status, forecast cost, and key risks.

Change & Variation Management:

• Establish and manage an effective change control process.
• Review contractor variation submissions and assess entitlement and valuation.
• Monitor design changes and their impact on project cost.
• Provide cost advice before approval of changes.
• Ensure all changes are properly documented and approved.

Commercial & Contract Coordination:

• Coordinate closely with the Contracts Manager, Quantity Surveyors, Project Managers, Planning, Design, and Procurement teams.
• Review contractual/commercial implications of project decisions.
• Support assessment of contractor claims and commercial disputes.
• Provide commercial inputs for EOT and delay-related claims where required.

Forecasting & Reporting:

• Prepare monthly and periodic cost reports for the Client and senior management.
• Monitor actual cost against approved budget and forecast final cost.
• Prepare cash flow projections and expenditure forecasts.
• Highlight cost overruns, potential risks, and opportunities.
• Provide clear recommendations to support Client decision-making.

Value Engineering:

• Lead and coordinate value engineering exercises with the design and project teams.
• Identify alternative materials, construction methodologies, and design solutions to achieve cost savings.
• Evaluate the cost, programme, quality, and lifecycle implications of proposed alternatives.

Final Account & Close-Out:

• Review and agree contractor final accounts.
• Ensure all variations, claims, and commercial matters are closed before project completion.
• Verify final project cost and reconcile against the approved budget.
• Support commercial close-out and final reporting.