Job Description
Job Summary:
Responsible for preparing and managing budgets, cost control, and financial analysis for infrastructure projects. The role requires expertise in subcontractor management, reviewing work orders, purchase orders, and ensuring financial efficiency in procurement and contracting processes.
Key Responsibilities:
Budgeting & Cost Management:
- Develop and manage project budgets, ensuring alignment with overall financial plans.
- Monitor cost variances and recommend corrective actions to control project expenses.
- Provide cost projections and financial forecasts to support strategic decision-making.
- Work closely with project teams to ensure adherence to budgetary constraints.
Subcontractor Management:
- Evaluate and negotiate subcontractor agreements to optimize cost and efficiency.
- Ensure compliance with contractual terms, including scope, timelines, and payment milestones.
- Analyze subcontractor performance and recommend improvements or cost-saving measures.
- Resolve disputes and claims with subcontractors while ensuring project continuity.
Work Order & Purchase Order Review:
- Review and approve work orders (WO) and purchase orders (PO) to ensure cost-effectiveness.
- Verify quantities, specifications, and rates before issuing POs.
- Coordinate with procurement, finance, and project teams for smooth processing of orders.
- Monitor vendor payments and ensure compliance with contractual terms.
Vendor Costing:
- Evaluate supplier pricing and contracts to achieve cost savings.
- Monitor material procurement costs, ensuring competitive pricing and quality standards.
- Implement strategies to optimize procurement costs while maintaining project quality.
Financial Reporting & Analysis:
- Prepare cost analysis reports, project profitability reports, and variance reports.
- Maintain accurate records of project costs, payments, and commitments.
- Conduct risk analysis to identify potential cost overruns and recommend mitigation measures.
- Present cost insights and recommendations to senior management.
Skills
Required Qualifications & Experience:
- Education: B.Tech/ M. Tech- Civil
- Experience: 12 to 20 years of experience in budgeting, costing, and contract management in the infrastructure, construction, or EPC industry.
- Strong knowledge of SAP / ERP systems related to cost control and procurement.
- Expertise in contract negotiation, cost analysis, and project financial management.
- Experience in vendor and subcontractor management.
