Cost Manager, Hotel Construction Projects

Overview This role will be responsible for managing costs, budgets, and financial planning to ensure project efficiency while maintaining high-quality standards Responsibilities Conducting feasibility studies and writing procurement reports Applying Value Management techniques at the outset of a project and where appropriate involving Turner & Townsend’s specialist Value Management team Managing estimating and cost planning activities to include taking ownership of and presenting the final cost plan Managing the procurement process, implementing procurement, and contracting strategies and participate in negotiations ensuring that all stages including pre-qualification, enquiry, analysis, perform bid evaluations and cost negotiations selection and contract preparation are performed effectively and RFPs revisions and evaluation Ensuring that post-contract cost variances and change control processes are managed effectively, documenting any changes in design, and updating budgets Ensuring that cost checking and valuation work is managed effectively Ensuring the production of monthly post-contract cost reports and presenting them to the client Value engineering and life cycle costing Drive value engineering and offer cost insights to support business decisions Ensuring 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, leading a cost management team, ensuring that they deliver on all the above accountabilities Staff management (where appropriate) –Inputting 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 –Ensuring that key information and lessons learned generated from each commission is input into the Turner & Townsend internal database Financial management –Utilising Financial Management Systems to keep track of the ongoing margin levels and monthly fee/resource forecasts for each commission Process improvement –Identifying and acting upon ways to improve internal systems and processes Review construction plans and preparing quantity take-offs, along with Contract Preparation and Management Prepare and review detailed estimates and cost plans Liaise with site managers, clients, contractors, and subcontractors Prepare reports, analyses, contracts, budgets, risk assessment, and other documents Development of the cost procedures Review and approve subcontractor proposals, manage contracts, and change request Review and approve payment applications, monitor invoicing, and ensure payments are in order Advise the Project Manager of any foreseen cost over expenditure and proposes corrective actions Review monthly reports as presented by Contractor, and present to the Client Travel from the office to various sites as required or be based on site The job holder is required to carry out all tasks within his/her level of skill and ability Qualifications Minimum 6 years professional experience related to Engineering 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 to systematically explain concepts, methodology Strong client management, change management and teamwork skills Strong Microsoft skills, specifically Excel & PowerPoint, CostX, Knowledge of AutoCAD Additional Information Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. #J-18808-Ljbffr