Cost Manager - Procurement

Cost Management & Control

• Develop detailed cost estimates and procurement budgets.
• Monitor procurement spend against approved budgets and identify cost-saving opportunities.
• Analyze market trends, pricing fluctuations, and supplier performance to optimize procurement costs.
• Implement value engineering and strategic sourcing initiatives to maximize savings.

Sourcing & Supplier Management

• Lead sourcing activities for materials, equipment, subcontractors, and services.
• Identify, evaluate, and onboard qualified vendors and suppliers.
• Conduct supplier assessments, audits, and performance evaluations.
• Build and maintain strategic relationships with key suppliers and stakeholders.

Tendering & Contract Management

• Manage the end-to-end tendering process, including RFQs, RFPs, bid evaluations, and supplier negotiations.
• Review technical and commercial proposals to ensure alignment with project requirements.
• Negotiate commercial terms, pricing, and contracts with suppliers and subcontractors.
• Administer contracts and ensure compliance with contractual obligations.

Commercial & Risk Management

• Assess procurement-related risks and develop mitigation strategies.
• Ensure compliance with company procurement policies and governance standards.
• Manage supplier claims, disputes, and contract variations.
• Evaluate procurement risks associated with supply chain disruptions and market volatility.

Stakeholder Coordination

• Collaborate with project teams, engineering, finance, operations, and project controls departments.
• Support project managers in achieving cost and schedule objectives.
• Present procurement performance reports and cost analyses to management.
• Act as a key liaison between internal stakeholders and suppliers.

Reporting & Process Improvement

• Prepare procurement dashboards, spend analysis reports, and savings reports.
• Monitor procurement KPIs and identify opportunities for operational efficiency.
• Support digital procurement initiatives and ERP optimization projects.
• Drive continuous improvement in procurement processes and controls.

Required Qualifications

• Bachelor's Degree in Supply Chain Management, Procurement, Business Administration, Commerce, Engineering, or a related field.
• Minimum 8–10 years of experience in procurement, sourcing, commercial management, or cost management.
• Experience in handling large-value procurement packages and supplier negotiations.
• Proven track record of delivering cost savings and procurement efficiencies.

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