Senior Manager/ AGM- Cost Management

Key Responsibilities:

• Strategic Cost Management: Develop and implement comprehensive cost management strategies for real estate projects, aligning with overall business objectives and project goals.
• Budget Development & Management: Lead the development of detailed project budgets, incorporating accurate cost estimates for materials, labor, subcontractors, and other project-related expenses. Proactively monitor budget performance, identify potential cost overruns, and implement corrective actions.
• Pre-Contract Management:
• Oversee the preparation of accurate and comprehensive Bills of Quantities (BoQ) based on project specifications and drawings.
• Develop and maintain a database of market rates for materials, labor, and equipment.
• Participate in the tendering process, evaluating contractor bids and providing recommendations for selection.
• Negotiate contract terms and conditions to ensure favorable pricing and minimize financial risk.
• Post-Contract Management:
• Manage the quantity surveying process, ensuring accuracy in cost estimation and billing.
• Review and approve interim and final payment applications from contractors, verifying compliance with contract terms and completed work.
• Conduct regular site visits to monitor progress and verify quantities.
• Prepare and present regular cost reports to project stakeholders, highlighting budget variances and potential risks.
• Manage and resolve contractual disputes related to cost and payment.
• Financial Control & Reporting: Implement robust financial controls to ensure accurate tracking of project costs and adherence to budget. Prepare timely and accurate financial reports, including cost forecasts, variance analysis, and cash flow projections.
• Stakeholder Collaboration: Collaborate closely with project managers, architects, engineers, contractors, and other stakeholders to provide expert cost advice and ensure alignment on project financial goals.
• Compliance & Best Practices: Ensure compliance with relevant industry standards, regulations, and company policies. Promote best practices in cost management and quantity surveying.
• Team Leadership (If Applicable): Manage and mentor a team of quantity surveyors and cost control professionals (depending on the size of the team and responsibilities).

Qualifications:

• B.E./ B.Tech in Civil/Electrical/Mechanical Engineering. A Master's degree (e.g., MBA in , Construction Management/ Quantity Surveying) or professional certification is highly desirable.
• Minimum of 18 years of progressive experience in quantity surveying, cost management, and billing, with a significant focus on real estate development projects (residential, commercial, mixed-use).
• Demonstrated experience in managing project budgets of significant scale and complexity within the real estate industry.
• In-depth knowledge of construction contracts, methods of measurement , and cost control principles.
• Proficiency in cost management software and tools .
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication (written and verbal), interpersonal, and negotiation skills.
• Ability to work independently and collaboratively in a fast-paced, team-oriented environment.
• Strong understanding of real estate development processes and market dynamics.