Cost Management Specialist

3 days ago

Varanasi, Uttar Pradesh, India beBeeCostManagement Full time ₹ 60,00,000 - ₹ 1,20,00,000
Cost Management Specialist

A career as a Cost Management Specialist is ideal for individuals who enjoy working with numbers and want to play a crucial role in the success of construction projects. This involves overseeing financial aspects, including cost estimation, budget planning, and contract administration.

Main Responsibilities
  • Analyzing project scope and verifying technical specifications to ensure they align with client expectations.
  • Optimizing project specifications while meeting client requirements by making informed decisions based on data-driven insights.
  • Evaluating bill of quantities (BOQs) and backup documentation to identify areas for improvement.
  • Presenting BOQs and solutions to senior management for approval.
  • Verifying request for payment (RA) bills and final invoices to ensure accuracy and compliance.
  • Preparing amendments to contracts or agreements as necessary.
  • Validating budget cost analysis to provide valuable insights for decision-making.
  • Developing and presenting different budget options to stakeholders.
  • Exploring new products and services, identifying their potential benefits, and gaining approvals from relevant parties.
  • Proposing alternative optimization strategies for budgets to minimize costs without compromising quality.
  • Meeting tight deadlines to deliver budget reports and other critical documents.
Key Skills
  • Demonstrated analytical and problem-solving skills to tackle complex financial challenges.
  • In-depth knowledge of construction processes and systems to ensure effective cost management.
  • Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams.
  • Proficiency in industry-standard software to streamline tasks and enhance productivity.
  • Able to work independently and as part of a team to achieve shared goals.

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