Manager - Cost Management

Tesco India  •  Bengaluru, Karnataka, India  •  Hybrid  •  Full-Time  •  Permanent  •  Working hours 45  •  Apply by 31-Jul-2026 About the role

Manage a team of  quantity surveyors to deliver Property Store Development budget, while maintaining high-quality standards and meeting project objectives. Responsible for developing & delivering long terms  cost management vision, and collaborating with various project partners involved.

What is in it for you At Tesco, we are committed to providing the best for you.    As a result, our colleagues enjoy a unique, differentiated, market- competitive reward package, based on the current industry practices, for all the work they put into serving our customers, communities and planet a little better every day.    Our Tesco Rewards framework consists of pillars - Fixed Pay, Incentives, and Benefits.     Total Rewards offered at Tesco is determined by four principles - simple, fair, competitive, and sustainable.    Salary - Your fixed pay is the guaranteed pay as per your contract of employment.    Performance Bonus - Opportunity to earn additional compensation bonus based on performance, paid annually    Leave & Time-off - Colleagues are entitled to 30 days of leave (18 days of Earned Leave, 12 days of Casual/Sick Leave) and 10 national and festival holidays, as per the company’s policy.    Making Retirement Tension-FreeSalary - In addition to Statutory retirement beneets, Tesco enables colleagues to participate in voluntary programmes like NPS and VPF.    Health is Wealth - Tesco promotes programmes that support a culture of health and wellness including insurance for colleagues and their family. Our medical insurance provides coverage for dependents including parents or in-laws.    Mental Wellbeing - We offer mental health support through self-help tools, community groups, ally networks, face-to-face counselling, and more for both colleagues and dependents.     Financial Wellbeing - Through our financial literacy partner, we offer one-to-one financial coaching at discounted rates, as well as salary advances on earned wages upon request.     Save As You Earn (SAYE) - Our SAYE programme allows colleagues to transition from being employees to Tesco shareholders through a structured 3-year savings plan.     Physical Wellbeing - Our green campus promotes physical wellbeing with facilities that include a cricket pitch, football field, badminton and volleyball courts, along with indoor games, encouraging a healthier lifestyle.  You will be responsible for

Cost Control & Approval Governance:

Monitoring and managing Property Store Development spend with a variation of less than 2%

Identify the trends and patterns to drive cost efficiency

Highlight the insights & risks from cost report to Property Approval Governance.

Build capability:

Set clear objectives and key performance indicators (KPIs) for the cost management team

Recruit, train, and mentor a team of quantity surveyors.

Assign responsibilities, set priorities, and monitor team performance.

Foster an inclusive and results-oriented high performance team culture.

Supplier Experience:

Oversee the negotiation with suppliers, contractors, and vendors to manage the budget efficiently.

Periodically share supplier compliance and performance feedback with procurement.

Risk Management:

Identify potential risks related to project costs and develop mitigation strategies. Stay informed about industry trends, market conditions, and regulatory changes affecting cost management.

Quality Assurance:

Ensure that cost management processes and procedures are consistent and comply with industry standards.

Conduct periodic audits and reviews to maintain accuracy and integrity in cost management and reporting.

Continuous Improvement:

Stay updated on advances in cost management software and tools.

Implement best practices and innovative approaches to enhance cost control and efficiency.

You will need

1. Bachelor’s Degree in civil engineering with minimum 15+ years of experience in Quantity Surveying
2. Experience in construction management preferred
3. Strong leadership, communication, and interpersonal skills.
4. Continuous improvement & Innovative thinking
5. Operational Excellence, Operations Delivery
6. Conceptual Application in business context
7. Adv MS Office – Excel, Word, PowerPoint 
8. People Policies and Processes KPIs, SLAs, 
9. Analysis and Judgment
10. Improve team performance and productivity

About us At Tesco, inclusion is at the heart of everything we do. We believe in treating everyone fairly and with respect, valuing individuality and uniqueness to create a true sense of belonging. Diversity and inclusion are deeply embedded in our values—we treat people how they want to be treated. Our goal is for all colleagues to feel they can be themselves at work, and we are committed to helping them thrive. Across the Tesco group, we are building an inclusive workplace that actively celebrates the cultures, personalities, and preferences of our colleagues, who in turn contribute to the success of our business and reflect the diversity of the communities we serve.     At Tesco Bengaluru, we are proud to be a Disability Confident Committed Employer, highlighting our commitment to creating a supportive environment for individuals with disabilities. We are dedicated to offering equal opportunities for all candidates and encourage applicants with disabilities to apply. Our recruitment process is fully accessible, and we are happy to provide reasonable adjustments during interviews. If you need any accommodations to participate in the recruitment process, please let us know. We are here to ensure that everyone has the chance to succeed.     We also believe in fostering a work environment where you can excel both professionally and personally. Our hybrid model allows you to work flexibly—spend 60% of your week collaborating in person with colleagues at our office locations or local sites, and the rest of the time working remotely. We understand that everyone’s life journey is unique, whether you are starting your career, pursuing passions, or navigating life changes, and we are here to support you. Flexibility is a core part of our culture, and we encourage open conversations about how we can best accommodate your needs, so talk to us throughout your application process on the support required.