Job Description Cost Management

Job Title: Assistant Manager

Industry: Infrastructure / Construction (Hotel)

Location: Upper Chembur

Experience Required: 3 to 5 Years

Position Summary

The Assistant Manager – Cost Management will be responsible for managing project costs across both pre-contract and post-contract stages, including cost planning, feasibility studies, budgeting, tender estimation, cost control, forecasting, commercial coordination, and value engineering.

Key Responsibilities

1. Cost Planning & Budgeting

- Develop detailed project budgets based on BOQs, drawings, specifications, and project scope.
- Prepare cost plans for all project phases, from pre-construction to project completion.
- Establish project cost baselines and monitor adherence throughout execution.
- Review project budgets periodically and recommend corrective measures where required.

2. Cost Monitoring & Control

- Monitor actual project expenditures against approved budgets.
- Identify cost overruns, variances, and financial risks at an early stage.
- Prepare monthly cost reports, cash flow forecasts, and management dashboards.
- Recommend cost optimization strategies without compromising quality or timelines.
- Maintain accurate cost records and financial documentation.

3. Estimation & Tender Support

- Review quantity estimates and cost estimates for new projects.
- Validate tender pricing and commercial proposals.
- Support bid preparation through accurate cost analysis.
- Benchmark project costs with historical and market data.

4. Project Financial Management

- Track project profitability and financial performance.
- Prepare project cost forecasts until completion.
- Analyze earned value, productivity, and project financial indicators.
- Coordinate with Finance for project accounting and revenue recognition.

5. Vendor & Procurement Cost Management

- Evaluate vendor quotations and commercial bids.
- Participate in vendor negotiations to achieve cost-effective procurement.
- Review purchase orders, subcontract agreements, and payment certifications.
- Ensure procurement activities remain within approved budgets.

6. Contract & Commercial Coordination

- Coordinate with the Contracts and Commercial teams regarding variations, claims, and change orders.
- Assess financial implications of design changes and scope revisions.
- Support commercial negotiations with clients and subcontractors.
- Ensure contractual compliance related to project costs.

7. Value Engineering





- Lead value engineering initiatives to optimize project costs.
- Recommend alternative materials, construction methods, and technologies.
- Evaluate cost-benefit analyses for engineering proposals.
- Drive continuous cost improvement across projects.

8. MIS & Reporting

- Develop and maintain project cost dashboards.
- Present monthly project financial reports to senior management.
- Prepare budget variance analysis and management presentations.
- Generate periodic KPI reports related to project costs.

9. Risk Management

- Identify financial and commercial risks affecting project profitability.
- Develop mitigation strategies for cost escalation.
- Monitor market price fluctuations for key construction materials.
- Maintain contingency planning for major projects.

10. Pre-Contract Cost Management

- Prepare and review pre-contract cost plans, feasibility estimates, and preliminary budgets.
- Conduct cost estimation and budget development based on drawings, specifications, scope, and project requirements.
- Review BOQs, tender documents, specifications, and design information to identify cost implications.
- Support tendering and procurement strategies, including cost benchmarking and commercial evaluation.
- Analyze contractor/subcontractor bids, quotations, and rate comparisons.
- Prepare tender estimates and cost comparisons and provide recommendations to management.
- Conduct value engineering and cost optimization during the design and pre-construction stages.
- Assess the cost impact of design changes, material selections, and construction methodologies before project award.
- Coordinate with Design, QS, Procurement, Contracts, and Project teams to establish the pre-contract budget and cost baseline.

Key Performance Indicators (KPIs)

- Budget adherence across all projects.
- Project profitability and gross margin.
- Cost variance within approved limits.
- Accuracy of project cost forecasts.
- Reduction in unnecessary project expenditure.
- Timely submission of monthly cost reports.
- Procurement savings achieved.




- Effectiveness of value engineering initiatives.
- Improvement in project cash flow.
- Successful completion of projects within budget.

Experience

- Experience in hospitality, commercial, residential, industrial, or infrastructure projects.
- Proven experience handling multiple high-value projects simultaneously.
- Mandatory experience in pre-contract cost management, including cost planning, feasibility estimates, tender estimation, BOQ review, rate analysis, bid evaluation, and value engineering.
- Candidates should have experience in both pre-contract and post-contract cost management for construction/hospitality projects.

Technical Skills

- Project Cost Planning & Budgeting
- Quantity Surveying
- BOQ Analysis
- Cost Estimation
- Rate Analysis
- Cash Flow Management
- Earned Value Management (EVM)
- Value Engineering
- Project Forecasting
- Cost Variance Analysis
- Vendor Commercial Evaluation
- Contract Administration
- Risk Assessment
- Project Controls
- Construction Billing

Software Knowledge

- Advanced Microsoft Excel
- Primavera P6
- Microsoft Project
- ERP Systems
- AutoCAD (Basic understanding)
- Cost Management Software

About Company:

We are hiring for one of the key verticals of Parekh Global – Gnosis Infradevelopers LLP, a growing organization engaged in Civil & Infrastructure Projects.

Link: https://parekhglobal.com/

Gnosis Infradevelopers LLP:

Gnosis Infradevelopers LLP is the specialized infrastructure, design, and construction arm of the group, delivering innovative and large-scale development solutions across industrial and commercial sectors.

The company specializes in the design and execution of high-performance industrial and infrastructure projects, with robust expertise in creating large-scale structural spaces tailored to modern business needs.

Gnosis Infradevelopers has successfully executed approximately 500,000 sq. ft. of real estate development, including advanced logistics warehouses and premium 5-star hospitality projects.

With a strong focus on project management excellence, the company manages developments from concept to completion, emphasizing cost efficiency, architectural quality, timely delivery, and operational excellence.

Link: https://parekhglobal.com/gnosis-infradevelopment/

- Working Details:

1. Working hours = 8 and half hours

2. Working days= 1st and 3rd Saturday 4 and half hours working (half day),

2nd and 4th Saturday are off

📌 Assistant Cost Management Manager (Mumbai)
🏢 Ruchita Hiraji Thakur Mumbai
📍 Mumbai