Cost Manager - Procurement, Chennai

Job description

Job Summary We are seeking an experienced and detail-oriented Cost Manager - Procurement to lead procurement cost management activities across projects. The role will be responsible for vendor sourcing, strategic procurement, commercial negotiations, cost optimization, budgeting support, and contract management while ensuring timely procurement of materials and services in line with project requirements. The ideal candidate should possess strong commercial acumen, procurement expertise, vendor management skills, and experience in handling large-scale construction, fit-out, infrastructure, or real estate projects. Key Responsibilities Procurement & Vendor Management Manage end-to-end procurement activities for project materials, equipment, and subcontract packages. Identify, evaluate, and onboard qualified vendors and suppliers. Develop and maintain a preferred vendor database. Conduct RFQs/RFPs, bid evaluations, and techno-commercial assessments. Lead commercial negotiations to achieve cost savings and favorable contract terms. Cost Management & Budget Control Prepare cost estimates and procurement budgets. Monitor project procurement costs against approved budgets. Analyze procurement spend and identify cost optimization opportunities. Drive value engineering initiatives without compromising quality and timelines. Prepare cost comparison statements and procurement analytics reports. Contract & Commercial Management Review, negotiate, and administer purchase orders and contracts. Ensure compliance with company procurement policies and contractual obligations. Coordinate with legal and commercial teams for contract finalization. Track contractual deliverables, payment milestones, and claims. Stakeholder Coordination Collaborate with project teams, engineering, commercial, and finance departments to understand procurement requirements. Participate in project planning and procurement strategy discussions. Provide timely procurement updates to project stakeholders and management. Risk & Compliance Monitor market trends, supplier performance, and pricing benchmarks. Mitigate procurement risks related to cost escalation, supply chain disruptions, and vendor dependencies. Ensure compliance with procurement governance, audit requirements, and ethical sourcing practices. Required Qualifications Bachelor's Degree in Engineering, Quantity Surveying, Supply Chain Management, Procurement, or a related field. Required Experience 8-10 years of experience in Procurement and Cost Management. Experience in Construction, Real Estate, Infrastructure, Data Centers, Industrial Projects, PMC, EPC, or Interior Fit-Out projects preferred. Proven experience in managing large procurement budgets and vendor relationships. Exposure to contract management and commercial negotiations. 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