Cost Manager - Project Cost Control
House of Hiranandani
- Location
- Mumbai Metropolitan Region
- Job type
- Full-time
Required skills
- AutoCAD
- civil engineering
- end-to-end
- project management
- SAP
About the role
House of Hiranandani
Website:
houseofhiranandani.com
Job details:
Job Description: Cost Manager
Position Overview
The Cost Manager will own end-to-end cost management for assigned projects — budgeting, cost
control, value engineering, and process standardization — working closely with project, design,
procurement, and finance teams to keep projects within approved budgets and drive continuous
improvement in the cost management function.
Key Responsibilities
- Lead construction cost planning, estimation and budgeting for real estate projects from concept
to completion.
- Prepare and review BOQs, quantity estimates, rate analysis and detailed construction cost
estimates.
- Develop and maintain project cost plans, element-wise budgets and construction cost
benchmarks.
- Monitor actual costs, commitments and forecasts against approved budgets, identify variances
and control cost overruns.
- Prepare Cost-to-Complete (CTC), cost forecasts and management cost reports
- Evaluate cost impact of design changes, variations, additional works and scope changes.
- Drive value engineering and cost optimisation while maintaining project quality and specifications.
- Review tender estimates, contractor quotations, rate comparisons and commercial proposals.
- Coordinate with Design, Projects, Procurement, Contracts and Finance teams for effective cost
management.
- Maintain construction cost databases, historical rates and project benchmarks to improve
budgeting and estimation accuracy.
- Ensure budget allocation, cost data integrity and WBS mapping in SAP and support project cost
audits.
Skills & Competencies
- Strong grounding in cost estimation, budgeting, cost control, and value engineering.
- Working knowledge of SAP (PS/MM), AutoCAD, and advanced MS.
- Proficiency in BOQ preparation, rate analysis, quantity take-offs, and tender documentation.
- Strong analytical ability, attention to detail, and communication/negotiation skills; process-
improvement mindset.
Qualifications & Experience
- Bachelor in Civil Engineering.
- 10-14 years' experience in project cost management (Real estate preferred).
- NICMAR/RICS/MBA or SAP certification is an added advantage.
Reporting & Collaboration
- Reports to: HOD – Project Management Office
- Works closely with project managers, design,
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