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.
- Solid 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, estimation, procurement, contracts, and finance

teams.

📌 Costing Manager (Mumbai)
🏢 House of Hiranandani
📍 Mumbai