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Regional Commercial Lead

2 weeks ago

Mumbai, Maharashtra, India Lodha Group Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Job Responsibilities.

  • Prepare and finalize detailed Project Cost to Complete (CTC) based on design, specifications, and construction methodology. Coordinating the finalization process along with the DCO team.
  • Establish cost monitoring systems and tracking project expenditure against approved budgets.
  • Monitoring CM Discretional Spent to be within Organisational norms.
  • Support management in cash flow planning, cost forecasting, and AOP finalizations.
  • Ensure timely certification and closure of vendor bills, minimizing hold-ups and disputes.
  • Implement cost control mechanisms to track site-level expenses, consumables, and petty cash usage.
  • Work closely with the Procurement team for preparation and finalization of work orders, service orders, and amendments.
  • Ensure timely issuance of contract amendments for approved extra items, deviations, and variations.
  • Scrutinize and validate extra item proposals, rate analyses, and change orders.
  • Maintain a comprehensive contract register and track deliverables, milestones, and financial commitments.
  • Ensure proper documentation, approvals, and budget adjustments for variations and scope changes.
  • Maintain updated records of all commercial deviations for audit and management reporting.
  • Drive adherence to companys commercial policies and approval protocols.
  • Highlight potential risks or savings opportunities through analytical cost insights.
  • Support internal and external audit requirements by maintaining transparent documentation.
  • Foster close coordination with Project Execution, Planning, Finance, and Design teams for seamless process flow & timely vendor payment.
  • Mentor team members and build capability in cost planning and contract management.