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Senior Cost Manager
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Job Summary
We are seeking a highly skilled and experienced Cost Manager to join our team at Turner & Townsend. As a Cost Manager, you will be responsible for providing cost management services to our clients, including quantity take-off and pricing, invoice validation, cost forecasting and reporting, change management, close out final account, and assistance with procurement management.
Key Responsibilities
- Conduct feasibility studies and write procurement reports;
- Review construction plans and prepare quantity take-offs, along with contract preparation and management;
- Prepare and review detailed estimates and cost plans;
- Manage estimating and cost planning activities, including taking ownership of and presenting the final cost plan;
- Apply value management techniques at the outset of a project and, where appropriate, involve Turner & Townsend's specialist value management team;
- Manage the procurement process, implementing procurement and contracting strategies, and participate in negotiations to ensure effective pre-qualification, enquiry, analysis, bid evaluations, and cost negotiations;
- Ensure that post-contract cost variances and change control processes are managed effectively, documenting any changes in design and updating budgets;
- Ensure that cost checking and valuation work is managed effectively;
- Prepare and issue monthly post-contract cost reports and present them to the client;
- Value engineering and life cycle costing, drive value engineering, and offer cost insights to support business decisions;
- Ensure that final accounts are negotiated and agreed;
- Establish and maintain professional relationships with external and internal stakeholders, taking a lead role in interfacing with the client and other consultants at all project stages, and report to senior leadership on current estimated cost vs. budget, and advise managers and clients on improvements and new strategies;
- Where appropriate, lead a cost management team, ensuring that they deliver on all their assigned tasks and accountabilities;
- Staff management (where appropriate) – input into the formal management of a Cost Manager or small cost management team, to include 1st round recruitment interviews, input into resource management, and attendance at junior staff appraisals;
- Knowledge management – ensure that key information and lessons learned are generated from each commission and are included within Turner & Townsend's internal database;
- Financial management – utilize financial management systems to keep track of ongoing margin levels and monthly fee/resource forecasts for each commission;
- Process improvement – identify and act upon ways to improve internal systems and processes;
- Liaise with site managers, clients, contractors, and subcontractors;
- Prepare reports, analyses, contracts, budgets, risk assessments, and other documents;
- Review and approve subcontractor proposals, manage contracts, and change requests;
- Review and approve payment applications, monitor invoicing, and ensure payments are accurate and processed in line with the contract;
- Advise the project manager/client of any forecasted unforeseen cost or over expenditure and propose corrective actions;
- Travel from the office to various site locations when or if required or be willing to be based on site;
- The candidate is required to carry out all tasks and obligations in accordance with their professional level and to Turner & Townsend's quality standards.
Requirements
- Minimum 12 years of professional experience related to cost management;
- Bachelor's degree in quantity surveying, civil engineering, architecture, or any degree relevant to the position;
- RICS, AACE certifications/memberships;
- Fluent in English and Spanish;
- Ability to work under pressure to deliver deadlines;
- Good communication skills and experience explaining concepts, methodologies, and their deliverables to clients;
- Strong client management, change management, and teamwork & team management skills;
- Strong Microsoft skills, specifically Excel & PowerPoint, CostX, knowledge of AutoCAD.