Assistant Cost Manager - Procurement, Bangalore

Job description

Job Summary We are seeking a detail-oriented and commercially astute Assistant Cost Manager - Procurement to support procurement operations and cost management activities across projects. The role will be responsible for managing procurement strategies, vendor sourcing, contract administration, cost analysis, and ensuring value-driven purchasing decisions while maintaining quality, compliance, and project timelines. Key Responsibilities Procurement Management Execute procurement strategies aligned with project and organizational objectives. Manage end-to-end procurement activities, including sourcing, RFQs/RFPs, bid evaluations, negotiations, and purchase order issuance. Identify and evaluate suppliers and subcontractors to ensure competitive pricing and quality standards. Develop and maintain strong relationships with vendors and stakeholders. Cost Management & Commercial Support Perform cost analysis, benchmarking, and market intelligence assessments to identify cost-saving opportunities. Support budgeting, forecasting, and cost planning activities. Monitor procurement costs against approved budgets and project targets. Assist in preparing cost reports, procurement dashboards, and management presentations. Evaluate commercial risks and propose mitigation measures. Contract Administration Assist in drafting, reviewing, and administering supplier and subcontractor agreements. Ensure contractual obligations, commercial terms, and service levels are properly managed. Support claims management, variations, and contract closeout processes. Supplier Performance Management Monitor supplier performance, delivery schedules, quality compliance, and service standards. Conduct supplier evaluations and performance reviews. Drive continuous improvement initiatives with vendors to enhance efficiency and reduce costs. Stakeholder Collaboration Work closely with project teams, finance, legal, and operations departments to align procurement activities with project requirements. Provide procurement and commercial insights during project planning and execution stages. Ensure timely procurement support to meet project milestones. Compliance & Governance Ensure procurement activities comply with company policies, ethical standards, and regulatory requirements. Maintain accurate procurement documentation and audit-ready records. Promote best practices in procurement governance and risk management. Required Qualifications Bachelor's Degree in Quantity Surveying, Supply Chain Management, Procurement, Engineering, Construction Management, Finance, or a related discipline. Professional certifications such as CIPS, RICS, PMP, or equivalent will be an advantage. Required Experience 5-8 years of experience in procurement, cost management, sourcing, or commercial functions. Experience working in construction, infrastructure, real estate, engineering, manufacturing, or project-based environments. Proven track record in supplier negotiations, contract administration, and cost optimization initiatives. Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community. Please find out more about us at Join our social media conversations for more information about Turner & Townsend and our exciting future projects: Twitter Instagram LinkedIn It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review. Who is Turner & Townsend? All over the world people are using buildings, infrastructure, and assets we helped to deliver. It could be the hospital they work in, the railway they travel on every day, the fuel that powers their car or the data centre they depend on at work. For more than 75 years we’ve been helping to deliver transformational programmes across the real estate, infrastructure and natural resources sectors, making a difference to people’s lives and ensuring a return on investment for our clients and their investors. Our purpose: Transforming performance for a green, inclusive, and productive world. The world is changing and we have a responsibility to support that change, helping drive it and be part of it. Through the commitment, capability and care our team brings, we build trust between clients, suppliers, governments and society. Delivering better outcomes that have a positive impact on the world around us. We work smarter to face the challenges of the future; bringing the clarity that helps teams realise their full potential across the real estate, infrastructure and natural resources sectors. It’s how we’ve made the difference for more than 75 years. Our values: Love a challenge: We love a challenge and we work hard to make change happen and see things through. We don’t stand still, challenging ourselves and others to do better every day. And we are trusted to do the right thing, raising standards all the time. Stronger together: We’re stronger together by connecting people in diverse teams, so that we can all collaborate to deliver our best work. We focus on what matters and use our influence to build a better world for everyone. Bring out the best in everyone: We bring out the best in everyone. We help each other to make the most of our potential, always learning from our experience. We treat each other with care and respect and make time to give everyone a voice