Cost Manager

4 weeks ago

Bengaluru, Karnataka, India Lambsrock Full time

Job Description: Cost Manager (MEP)

Location: Bengaluru

Position Type: Full-time

About the Role:

We are seeking an experienced Cost Manager with a strong background in Mechanical, Electrical, and Plumbing (MEP) systems to join our team. This role involves managing the financial aspects of MEP projects, ensuring that all work is completed on budget and within scope. The ideal candidate will have 6+ years of relevant experience in cost management, estimating, and financial analysis related to MEP systems and infrastructure.

Key Responsibilities:

  • Cost Estimation and Budgeting:
  • Develop detailed cost estimates for MEP systems (HVAC, electrical, plumbing, fire protection, etc.) for both new and renovation projects. Monitor and manage budgets to ensure projects are delivered within financial constraints.
  • Cost Control:
  • Implement and maintain cost control systems to track project costs, change orders, and variations. Ensure timely reporting of budget status, cost forecasting, and financial health of the project.
  • Contract Management:
  • Review and evaluate subcontractor and supplier bids, ensuring that MEP costs are accurate and competitive. Manage and negotiate contracts, variations, and claims in relation to MEP services.
  • Reporting and Documentation:
  • Prepare monthly cost reports, cash flow forecasts, and other financial documentation for senior management. Ensure proper documentation of all project expenses, change orders, and approvals.
  • Risk Management:
  • Identify and assess potential financial risks related to MEP aspects of the project and implement mitigation strategies. Provide input on project risk assessments and cost-related decision-making.
  • Collaboration and Communication:
  • Work closely with project managers, MEP engineers, subcontractors, and procurement teams to provide financial insights and support during project execution. Maintain regular communication with stakeholders regarding cost performance and any necessary adjustments.
  • Post-Project Evaluation:
  • Conduct post-project evaluations to assess cost performance and contribute lessons learned to future projects.

Required Skills and Qualifications:

  • Bachelors degree in Mechanical, Electrical, Civil Engineering, Construction Management, or a related field.
  • Minimum 6+ years of experience in cost management within the MEP sector.
  • Strong knowledge of MEP systems and their related costs.
  • Proficiency in cost management software (e.g., Procore, CostX, or similar tools).
  • Excellent understanding of construction contracts, cost control, and financial reporting.
  • Strong analytical and problem-solving skills.
  • Ability to manage multiple projects simultaneously while maintaining a keen eye for detail.
  • Excellent communication and negotiation skills.
  • Ability to work under pressure and meet deadlines.

Benefits:

  • Transportation
  • Meals and snacks

How to Apply:

Interested candidates should submit their resume along with a cover letter detailing their relevant experience in MEP cost management.

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