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Cost Manager

Cost Manager

Cushman & Wakefield

5 - 8 years

7 - 12 Lacs

chennai

Posted:1 day ago| Platform:

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Skills Required

compliance risk management contract management project management forecasting costing electrical engineering learning and development budgeting change management valuation procurement agile finance

Work Mode

Work from Office

Job Type

Full Time

Job Description

This role oversees all cost and commercial management activities across the project lifecycle. The role includes project budgeting, cost control, value engineering, billing verification, and financial governance. For investor-driven projects, the Cost Lead manages escrow accounts to ensure fund utilization aligns with RERA and investor requirements. Acting as a key liaison between the project, client, and finance teams, the role ensures accurate cash flow forecasting, cost reporting, and financial transparency, supporting informed decision-making and overall project profitability.

About the Role:

Lead post-contract cost and commercial management, including interim applications, variation valuation, change management, and extension of time claims.

Ensure strict compliance with contractual procedures, FIDIC/standard form contracts, and investor governance requirements.

Act as the primary interface with clients, consultants, contractors, and project stakeholders, ensuring transparency and alignment.

Drive the procurement process, including pre-qualification, tendering, bid analysis, contractor selection, and contract finalization.

Monitor and control post-contract cost variances, perform cost checking and valuation, and prepare accurate monthly cost, estimate, tender, and procurement reports.

Implement value engineering and life cycle costing strategies to optimize project costs and maximize investor value.

Negotiate and close final accounts, ensuring financial governance, accountability, and investor confidence.

Support pre-contract activities to enhance risk management, budget planning, and project cost forecasting across the project lifecycle.

Lead post-contract cost and commercial management, including interim applications, variation valuation, change management, and extension of time claims.

Ensure strict compliance with contractual procedures, FIDIC/standard form contracts, and investor governance requirements.

Act as the primary interface with clients, consultants, contractors, and project stakeholders, ensuring transparency and alignment.

Drive the procurement process, including pre-qualification, tendering, bid analysis, contractor selection, and contract finalization.

About You:

B.E. / B.Tech in Civil / Mechanical / Electrical Engineering
Additional Certifications (if any):

Certified Cost Engineer (CCE) / RICS / ICMA (if applicable)
FIDIC Contract Management / Project Management Certification
Advanced Excel, MS Project, or other project cost management tools

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Cost Manager