Purpose of the Role To manage and control the complete financial performance of the project at site by ensuring effective budgeting, cost control, forecasting, cash flow management, contract compliance and commercial monitoring throughout the Engineering, Procurement, Construction Commissioning, Operation & Maintenance (O&M;) and concession phases while protecting the expected Internal Rate of Return (IRR), EBITDA, project margins and lender commitments.

Key Responsibilities
Budget Planning & Cost Control
Prepare detailed project execution budgets.
Establish Cost Breakdown Structure (CBS).
Allocate budgets package-wise and discipline-wise.
Track actual costs against approved budgets.
Monitor committed cost, incurred cost and forecast cost.
Analyse monthly cost variances.
Recommend corrective actions to Project Director.
Ensure complete cost visibility
Cost Forecasting
Prepare Estimate to Complete
Update rolling forecasts.
Identify prospects for cost optimization.
Monitor contingency utilization.
Review remaining cost to complete.
Cash Flow Management
Prepare weekly and monthly cash flow forecasts.
Monitor project cash inflow and outflow.
Forecast debt drawdowns.
Ensure adequate liquidity during construction.
Procurement Cost Control
Review Purchase Requisitions.




Validate Purchase Orders against budget.
Analyse procurement savings.
Review rate variations.
Monitor freight and logistics costs.
Review supplier claims.
Subcontract Management
Verify subcontractor bills.
Review work measurements.
Validate RA Bills.
Track variation orders.
Forecast subcontract final cost.
Recommend recoveries where applicable.
Variation Order & Claims Management
Track approved VOs.
Monitor pending claims.
Track Extension of Time (EOT) financial implications.
Monitor claim realization.
O&M; Cost Planning
Chemical consumption
Power consumption
Fuel cost
Labour cost
Spare parts
Preventive maintenance
Major overhaul costs
Asset replacement
AMC costs
Insurance renewals
Financial Reporting

Prepare
Monthly Cost Report
Cost Variance Report
Forecast Report
Cash Flow Statement
Budget Utilization Report
Margin Analysis
Risk Register

Identify financial risks including
Inflation
Commodity escalation
Foreign exchange
Delay damages
Productivity loss
Design changes
Client delays
Utility shifting
Land availability
Contractor claims

Prepare mitigation plans for each identified risk.

📌 Project Cost Controller Salem
🏢 Naukri Assist
📍 Salem