Senior Cost Manager – Commercial Real Estate Construction
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Job Description
Senior Cost Manager leading cost management services for commercial real estate construction projects. Ensuring alignment with client objectives and delivering value-added cost management throughout project lifecycles.
Responsibilities:
- Estimating and negotiating change orders throughout the construction lifecycle.
- Provide estimating, cost planning, and budget management services, including producing and presenting final cost plans.
- Review and participate with design teams, contractors, and project stakeholders in the development and validation of cost estimates.
- Support cost management delivery across a range of commercial real estate asset classes, including office, retail, industrial, mixed-use, multifamily, hospitality, and other development projects.
- Reconcile changes and assist project teams to ensure cost and budget data is accurate and aligned with project objectives.
- Communicate and meet with owners, developers, project managers, consultants, and contractors to gather project status information and prepare cost estimate updates.
- Prepare written comments and analyses of contractor submissions, including executive summaries, budget reviews, and commercial recommendations.
- Coordinate all sources of cost information for cost discussions, including contractor pricing, subcontractor bids, consultant estimates, market benchmarks, and quantity take-offs.
- Inform and drive engineering and design priorities based on cost impact and project budget objectives.
- Work proactively with minimal supervision to resolve cost and scheduling issues.
- Manage cost checks and carry out valuations on larger projects, ensuring timely and accurate cost validation processes.
- Participate effectively in post-contract cost management, change control, and cost variance management processes.
- Manage cost impact assessments, contingency management, commitment tracking logs, and forecast reporting.
- Prepare funding data presentations and coordinate value engineering (VE) sessions with key stakeholders.
- Develop cost plans and estimates throughout the design phase, delivering updated cost plans at key project milestones.
- Provide commercial input to design optioneering and value engineering exercises.
- Review contractor and subcontractor pricing and lead negotiations on behalf of clients to achieve fair and competitive contract pricing.
- Perform quantity surveying, cost controls, and change management activities throughout the project lifecycle.
- Ensure post-contract cost variances and change control processes are managed effectively.
- Participate in project due diligence activities, cost audits, budget reviews, draw reviews, and ongoing financial monitoring of construction projects.
- Support the review of project budgets, cost-to-complete forecasts, contingency utilization, and funding requirements throughout the project lifecycle.
- Ensure cost auditing and valuation work is managed effectively and that robust validation and reporting processes are in place.
- Carry out the production of monthly cost reports, including budget performance, cost variance analysis, contingency tracking, and forecasted final costs.
- Ensure final accounts are negotiated and agreed upon in a timely manner.
- Compile built-cost and benchmarking records for future cost planning and market analysis.
- Identify, coach, and mentor talent to realize their potential and celebrate the success of others.
- Display excellence in leadership and service delivery on commissions in line with the conditions of appointment.
- Utilize internal software to track ongoing margin levels, monthly fee/resource forecasts, and financial performance for each commission.
- Implement and maintain internal Business Management Systems and company delivery methodologies to ensure consistent delivery of best practices for clients and the business.
- Be a role model who drives a one-business culture that achieves great outcomes by striking the right balance for our people, clients, stakeholders, and society.
- SOX control responsibilities may be part of this role and must be adhered to where applicable.
Requirements:
- Bachelor's degree in Construction Management, Cost Management, Quantity Surveying, Engineering, Real Estate, or a related construction field
- Minimum 5-7 years of relevant experience working in a cost management, quantity surveying, or construction cost control role
- RICS accredited or working toward accreditation is preferred
- Experience leading cost management services on medium to large-scale commercial real estate and construction projects of moderate to high complexity
- Experience supporting owner-side project delivery, capital projects, project monitoring, construction lending support, cost verification, draw reviews, or financial oversight functions is a plus
- Construction consultancy experience is strongly preferred
- Good knowledge of construction industry technical matters, including procurement strategies, value management, value engineering, budgeting, and cost controls
- Strong understanding of project financial management, change management, cost forecasting, and reporting processes
- Excellent communication, stakeholder management, and client-facing skills.
Benefits:
- bonuses
- comprehensive benefits package
- healthy, productive and flexible working environment that respects work-life balance
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