Assistant Cost Manager - Procurement, Bangalore

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.