Three D - Cost Accountant - Tendering & Bidding

Experience: 4 to 10 Years

Qualification: ICWA / CA (Inter) / MBA Finance / M.Com / B.Com with strong costing experience Industry

Preference: Infrastructure, EPC, Construction, Government Contracting, Industrial Projects, Manufacturing (Project-based)

About the Role

We are seeking an experienced Cost Accountant (Financial Bid / Tendering) to lead financial estimation, cost modeling, tender pricing, and compliance for government, PSU, and infrastructure projects. The role requires strong analytical ability, experience in cost control, and a deep understanding of tender guidelines (CPWD/State PWD/Railways/PSUs). The candidate will work closely with the bidding, project, and leadership teams to ensure accurate, competitive, and compliant financial submissions.

Key Responsibilities

Costing & Estimation:

- Prepare detailed cost estimates for EPC / infrastructure / construction / industrial tenders.

- Develop item-wise and project-level costing including material, labor, equipment, subcontracting, taxes, overheads, and contingencies.

- Build cost models and pricing sheets aligned with tender BOQs and technical requirements.

- Analyze historical data, benchmark costs, market trends, and vendor quotes to improve accuracy of costing.

Tender Financial Bid Preparation :

- Prepare complete financial bid documents, including price schedules, cost sheets, rate analysis, and supporting financial documentation.

- Ensure the bid complies with all tender requirements, including pricing formats, payment terms, LD clauses, taxation, insurance, and financial norms.

- Coordinate with cross-functional teams to gather inputs for technical-commercial alignment.

Financial Analysis & Scenario Modeling:

- Perform profitability analysis, cash flow projections, and ROI for tenders.

- Conduct sensitivity analysis and scenario planning to determine competitive and feasible bid prices.

- Evaluate risks related to pricing, exchange rates, escalation, and statutory changes.

Vendor & Market Coordination:

- Liaise with procurement and vendor management teams to obtain updated price quotes, rate contracts, and material cost trends.

- Engage with subcontractors to validate cost assumptions and rate benchmarks.

Compliance & Documentation:

- Ensure full compliance with government tendering norms (GFR, CVC, GEM, CPWD, state tender rules).

- Prepare costing justification documents for internal committees and audit teams.

- Maintain a database of cost benchmarks, historical bid data, and approved rates.

Cross-functional Collaboration:

- Work closely with Bidding/Proposal, Engineering, Projects, Procurement, and Finance teams.

- Support management during internal bidding reviews and final pricing approval.

Continuous Improvement:

- Identify opportunities to optimize cost structures and improve competitiveness.

- Implement best practices in costing, budgeting, and financial review processes.

Required Skills & Competencies:

Technical Skills:

- Strong knowledge of cost accounting, financial modeling, and project costing.

- Expertise in tender financial bid preparation for government infrastructure projects.

- Proficiency in BOQ analysis, rate analysis, GST, taxation, and statutory compliance.

- Hands-on experience with MS Excel (advanced), SAP/ERP, and costing tools.

- Behavioral Skills Strong analytical and numerical ability.

- High level of accuracy, attention to detail, and deadline orientation.

- Strong communication skills for inter-department collaboration.

- Ability to work under pressure and manage multiple tenders simultaneously.

Experience:

- Candidates with experience in: Infrastructure / Construction / EPC Power, Railways, Roads, Water Projects Oil & Gas, Industrial Projects Government / PSU tendering environment

Qualification:

- ICWA / CMA preferred CA (Inter), MBA Finance, M.Com, B.Com with strong costing exposure considered

- Additional certification in project costing or government tendering is an advantage Career Growth Opportunity to lead cost estimation for large-scale tenders.

- Potential to progress into Bid Finance Lead / Tendering Manager / Commercial Manager roles.

- Exposure to high-value government and infrastructure projects.

- Compensation Competitive salary + performance-linked incentives (as per company norms).