Commercial Lead-Construction

3 days ago

Nagpur, Maharashtra, India Farmico Group Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Job Title: Commercial Lead (Budgeting & Procurement)- Construction

Location: Nagpur

Reporting To: Head of Projects / CEO

Department: Real Estate

Job Summary:

We are seeking an experienced and detail-oriented Commercial Lead to oversee the financial planning, cost control, contracting and procurement of Real Estate projects, including hotels, commercial complexes, and residential developments. The ideal candidate will be responsible for budgeting, contracting, billing, cost tracking, and financial forecasting to ensure projects are delivered on time and within budget.

Key Responsibilities:

1. Budgeting & Cost Planning

  • Prepare detailed project budgets and cost plans at various stages of the project (concept, design, execution).
  • Develop cost estimates based on drawings, BOQs, and market analysis.
  • Work closely with architects, consultants, and engineers to align budgets with technical specifications.
  • Monitor and update budgets in accordance with project progress and scope changes.

2. Contract Management

  • Drafting, reviewing, and finalizing contracts with vendors, subcontractors, and suppliers.
  • Ensure contract compliance and manage cost-related clauses (payment terms, escalations, penalties, etc.).
  • Evaluate contractual claims and variations in coordination with legal and project teams.

3. Billing & Invoicing

  • Review and verify contractor and vendor bills in alignment with work completion (RA Bills, Final Bills, etc.).
  • Ensure timely preparation and submission of client and subcontractor invoices.
  • Reconcile bills with work executed and budgets.

4. Cost Control & Reporting

  • Track actual project costs versus budgeted figures.
  • Maintain cost logs, track commitments and expenses, and report deviations.
  • Prepare MIS reports, cost-to-complete forecasts, and monthly financial statements for senior management.

5. Vendor and Procurement Coordination

  • Work with procurement to ensure cost-efficient sourcing aligned with budget.
  • Provide cost inputs for material procurement and subcontractor negotiations.

Key Skills & Competencies:

  • Strong knowledge of construction costing, budget control, and billing processes.
  • Experience with commercial, residential, and hospitality (hotel) building projects.
  • Familiarity with contracts (Lump Sum, Item Rate, EPC, etc.) and industry standard contract conditions (like FIDIC, CPWD).
  • Proficient in MS Excel, MS Project, and costing software (like Candy, CCS, Primavera, etc.).
  • Good understanding of construction drawings, BOQs, and project timelines.
  • Strong analytical and negotiation skills.
  • Excellent communication and stakeholder coordination abilities.

Qualifications & Experience:

  • Bachelor's degree in civil engineering, Quantity Surveying, or related field.
  • (Master's in construction management / MBA in Finance – Preferred)
  • 12-15 years of experience in costing and budgeting roles within the building construction industry.
  • Proven track record in handling cost planning and billing for hotel, commercial, and residential projects. Preferred Certifications (Optional):
  • RICS / MRICS
  • PMP
  • Cost Engineering Certification (AACE, ICWAI)

Job Type: Full-time

Work Location: In person

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