Commercial Specialist

JOB TITLE : Cost Control Senior Engineer

POSITION DESCRIPTION :

The Cost Control Senior Manager will lead all cost management activities across the full project lifecycle of a premium high-rise residential development in Gurugram, India. The project includes 8 luxury apartment towers with a total built-up area of approximately 690,000 m. Reporting to the Control Manager, this role is responsible for establishing and managing the project cost control framework, monitoring actual costs versus budgets, preparing cost forecasts, and coordinating with procurement, contracts, planning, and construction teams to maintain financial alignment throughout the project duration.

The Senior Manager will play a strategic role in validating contractor payment applications, tracking variations, supporting value engineering efforts, and reporting to the client on budget adherence. This role demands full alignment with the Scope of Work outlined for cost control functions and involves oversight of internal controls, financial risk assessments, and final cost reconciliations.

ROLES AND RESPONSIBILIITES :

• Establish and implement the project cost control plan and procedures in line with contractual and client requirements.
• Lead the development and continuous monitoring of project cost baseline, cash flow forecasts, and budget distribution by work package.
• Monitor and validate contractor and vendor payment applications, including quantity verification and reconciliation with BOQs and contracts.
• Track and control project expenditures, approved variations, and change orders.
• Interface with planning, procurement, and contract teams to ensure synchronization of cost, schedule, and scope.
• Review value engineering proposals and their financial impacts in coordination with technical teams.
• Maintain a project-wide cost tracking register and issue periodic reports including actual vs forecast, variance analysis, and committed cost summaries.
• Support contract negotiations and provide commercial input to procurement strategy decisions.
• Coordinate with project accountants, external auditors, and client representatives for financial reporting and compliance.
• Manage the final cost reconciliation process and support the preparation of close-out financial documentation..

REQUIRED QUALIFICATIONS :

• Bachelors Degree in Civil Engineering, Quantity Surveying, or Construction Economics; Masters degree preferred.
• Minimum 25 years of professional experience in cost control and commercial management on large-scale building projects, preferably high-rise residential or mixed-use.
• Advanced understanding of budgeting, earned value management, cost forecasting, and variation control.
• Proficiency in cost control software (e.g., CCS, Candy, CostX) and MS Excel (advanced level).
• Familiarity with FIDIC contract structures, Indian building cost norms, and international cost control standards.
• Strong leadership, communication, and reporting skills in English; local language knowledge is Mandatory.
• Willingness to be based full-time on-site in Gurugram, India.