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Construction Cost Management Specialist

2 months ago

Hyderabad, Telangana, India Ridhira Living Private Limited Full time

Ridhira Living Private Limited is a reputable real estate developer seeking a skilled Construction Cost Management Specialist to join our team.

Job Summary

We are looking for a detail-oriented and analytical individual to manage the financial aspects of our construction projects. The ideal candidate will have a strong understanding of construction processes, excellent analytical skills, and experience in managing large-scale residential and commercial projects.

About Us

Ridhira Living Private Limited is a leading real estate developer with a focus on delivering high-quality living spaces. We are committed to providing our customers with exceptional service and value.

Key Responsibilities
  • Cost Estimation and Budgeting:

    • Prepare accurate cost estimates for construction projects, including materials, labor, and other expenses.

    • Develop detailed budgets and track costs throughout the project lifecycle.

    • Analyze and review tender documents, ensuring alignment with project requirements and budget constraints.

  • Project Cost Management:

    • Monitor and control project expenditures to ensure alignment with approved budgets.

    • Conduct regular cost assessments and provide reports on cost performance to the project team and management.

    • Manage change orders and variations, updating the project budget as necessary.

  • Contract Administration:

    • Assist in the preparation and negotiation of contracts with contractors, suppliers, and subcontractors.

    • Ensure that all contracts comply with legal and regulatory requirements.

    • Manage contract variations and prepare cost impact analyses.

  • Procurement Management:

    • Assist in the procurement of materials and services, ensuring cost-effectiveness and quality.

    • Liaise with suppliers and contractors to ensure timely delivery of materials and services, as per the project timeline.

  • Risk and Value Management:

    • Conduct risk assessments and value engineering to ensure cost efficiency without compromising on quality.

    • Identify potential cost savings and propose value-adding solutions to the project team.

  • Reporting and Documentation:

    • Prepare detailed reports on project costs, forecasts, and any deviations from the budget.

    • Maintain accurate records of all project-related financial transactions.

    • Assist in the preparation of final accounts and project close-out reports.

  • Collaboration and Communication:

    • Work closely with project managers, architects, engineers, and contractors to ensure effective cost management and project delivery.

    • Communicate regularly with stakeholders on cost-related issues and provide recommendations for improving project efficiency.

Requirements

  • Bachelor's degree in Quantity Surveying, Civil Engineering, or a related field.

  • 5 years of experience as a Quantity Surveyor in the real estate or construction industry, preferably with residential and commercial projects.

  • Strong knowledge of construction methods, materials, and legal regulations.

  • Proficiency in cost estimating software, project management tools, and MS Office (Excel, Word).

  • Excellent analytical and numerical skills with strong attention to detail.

  • Ability to work independently and collaboratively with project teams.

  • Strong communication and negotiation skills.

Salary

The salary range for this position is ₹25,00,000 - ₹40,00,000 per annum, depending on experience and qualifications.