Cost Manager – Commercial Real Estate Construction
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Job Description
Cost Manager overseeing budgets, procurement, estimating, and commercial controls for Turner & Townsend’s commercial real estate construction projects. Supporting clients from preconstruction through closeout.
Responsibilities:
- Advise clients on procurement strategies, vendor prequalification, bid evaluations, bid leveling, contractor selection, and contract awards
- Manage estimating services throughout project lifecycles, including cost estimates, pricing validation, benchmark analyses, quantity takeoffs, value engineering opportunities, and risk assessments
- Review contractor, consultant, and vendor proposals for scope completeness, pricing accuracy, and alignment with project objectives
- Prepare and maintain project budgets, cost plans, cash flow forecasts, and cost reports
- Develop and maintain commercial risk registers and support identification and mitigation of cost and schedule risks
- Manage cost control processes, including payment applications, change orders, contractor entitlements, and client recommendations
- Support contract administration, dispute avoidance, commercial issue resolution, and project cost record maintenance
- Monitor project invoicing and financial reporting
- Benchmark cost and performance data across projects
- Manage final account negotiations, project closeout, post-contract audits, and cost reconciliation
- Conduct lessons learned reviews and support best practices, processes, and training materials
- Maintain project documentation using cost estimating, takeoff, and cost management software
- Collaborate with clients, project managers, consultants, contractors, and stakeholders
- Adhere to applicable SOX control responsibilities
Requirements:
- Bachelor's degree in Construction Management, Quantity Surveying, Cost Management, Engineering, Architecture, or a related construction discipline
- Minimum 3–5 years of experience in cost management, quantity surveying, estimating, or commercial management within the construction industry
- Experience supporting construction, renovation, tenant improvement, retail, commercial, corporate real estate, financial services, healthcare, higher education, industrial, or mixed-use projects
- Experience preparing estimates, managing project costs, evaluating change orders, and administering contracts throughout the project lifecycle
- Construction consultancy, owner's representative, project management, or contractor-side cost management experience preferred
- Knowledge of construction procurement methods, cost planning, value engineering, and commercial risk management
- Familiarity with cost estimating and takeoff software, cost reporting tools, and Microsoft Office applications
- RICS accreditation or progress toward achieving it considered an asset
- Strong analytical, organizational, negotiation, and communication skills
- Ability to effectively manage multiple projects and stakeholders in a fast-paced environment
Benefits:
- Bonuses may be available in addition to base salary
- Comprehensive benefits package
- Healthy, productive, and flexible working environment
- Work-life balance support
- Inclusive workplace and equal opportunity employer
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