Commercial Lead (Budgeting & Procurement)- Construction

Job Summary:

Commercial Lead

Key Responsibilities:

1. Budgeting & Cost Planning

• Prepare detailed project budgets and cost plans at various stages of the project (concept, design, execution).
• Develop cost estimates based on drawings, BOQs, and market analysis.
• Work closely with architects, consultants, and engineers to align budgets with technical specifications.
• Monitor and update budgets in accordance with project progress and scope changes.

2. Contract Management

• Drafting, reviewing, and finalizing contracts with vendors, subcontractors, and suppliers.
• Ensure contract compliance and manage cost-related clauses (payment terms, escalations, penalties, etc.).
• Evaluate contractual claims and variations in coordination with legal and project teams.

3. Billing & Invoicing

• Review and verify contractor and vendor bills in alignment with work completion (RA Bills, Final Bills, etc.).
• Ensure timely preparation and submission of client and subcontractor invoices.
• Reconcile bills with work executed and budgets.

4. Cost Control & Reporting

• Track actual project costs versus budgeted figures.
• Maintain cost logs, track commitments and expenses, and report deviations.
• Prepare MIS reports, cost-to-complete forecasts, and monthly financial statements for senior management.

5. Vendor and Procurement Coordination

• Work with procurement to ensure cost-efficient sourcing aligned with budget.
• Provide cost inputs for material procurement and subcontractor negotiations.

Key Skills & Competencies:

• Strong knowledge of

  construction costing

  ,

  budget control

  , and

  billing processes

  .
• Experience with

  commercial

  ,

  residential

  , and

  hospitality (hotel)

  building projects.
• Familiarity with

  contracts (Lump Sum, Item Rate, EPC, etc.)

  and industry standard contract conditions (like FIDIC, CPWD).
• Proficient in

  MS Excel

  ,

  MS Project

  , and

  costing software

  (like Candy, CCS, Primavera, etc.).
• Good understanding of

  construction drawings

  ,

  BOQs

  , and

  project timelines

  .
• Strong analytical and negotiation skills.
• Excellent communication and stakeholder coordination abilities.

Qualifications & Experience:

• Bachelors degree in

  Civil Engineering

  ,

  Quantity Surveying

  , or related field. (Masters in Construction Management / MBA in Finance Preferred)
• 12-15 years of experience in costing and budgeting roles within the

  building construction industry

  .
• Proven track record in handling cost planning and billing for

  hotel, commercial, and residential projects

  .

Preferred Certifications (Optional):

• RICS / MRICS
• PMP
• Cost Engineering Certification (AACE, ICWAI)