What are the responsibilities and job description for the Cost Manager position at Turner & Townsend?
Company Description
From the inception of a project through to completion and beyond, Turner & Townsend help to deliver the outcomes that matter through transformational programs covering the full spectrum of consultancy, project delivery and post-project operations.
With offices located globally, you're never far away from our services. Working from 118 offices in 50 countries, we make the difference to projects across the real estate, infrastructure, and natural resources sectors worldwide.
Our team is dynamic, innovative, and client-focused, supported by an inclusive and fun company culture. Our clients value our proactive approach, depth of expertise, integrity, and the quality we deliver. As a result, our people get to enjoy working on some of the most exciting projects in the world.
Job Description
- Advising client on strategies, managing prequalification of vendors, assessing proposals, bids, and bid leveling documents, making final recommendations to the client, attending & chairing bid interviews, and managing appointment process
- Review of general contractor procurement packages to confirm alignment with agreed cost and labor rates
- Manage estimating services for full project by developing project estimates (relating to construction, fees, direct work, and other costs), reviewing estimations prepared by junior team members, presenting estimates to client, presenting value engineering recommendations and risk assessments to client, meeting with vendors to review, validate, and challenge costs, and reviewing estimates by utilizing benchmark data collected from other projects
- Validation of contractor/subcontractor quantities for bid packages and change requests
- Manage cost reporting by establishing reporting schedule, reviewing & presenting cost reports and forecasts, reviewing project budget & spend forecast with the client, developing & maintaining commercial risk register, and hosting periodic meetings with project team & vendors
- Manage cost control process by reviewing payment application assessments prepared by junior team members, liaising with project managers to recommend contractor entitlements, reviewing requests for change orders from vendors & making recommendations to client, and using dispute prevention/management/resolution procedures to manage payment requisitions, change orders, and contractual disputes
- Manage & monitor invoicing process
- Change request processing and tracking
- Benchmark performance against other successful commissions.
- Manage all facets of the final accounting process and post contract audits and account close outs.
- Hold post-contract reviews with the client to establish a lessons learned document and apply lessons to create training manual
- Develop procedures governing handover of project
- Review and validation of general contractor and subcontractor applications for payment
- Perform all of the duties above through the use/preparation of Bid Analysis Sheets, Change Control Forms, Cost Estimating Software, and Takeoff Software
Key Performance Indicators
- Projects are managed to the correct quality standards and are completed efficiently, on time and to budget
- Project delivery meets the client’s objectives and is in line with the conditions of appointment
- The project team is led effectively
- Strong relationships are developed with clients and members of the cross-functional team
- The internal financial status of all projects is effectively monitored
- Key information and data is effectively cascaded and appropriately retained
Qualifications
Education Requirement: Bachelor's Degree or its equivalent in Construction Management, Quantity Surveying, Construction Cost Management or Related Field - An acceptable equivalent to a US Bachelor's degree will include any combination of degrees, certificates, training, and/or experience, evaluated as equivalent to a four (4) year U.S. Bachelor's degree by a credential evaluator.
Experience Requirement: 5 years of experience performing all job duties listed or experience as a Senior Cost Manager, Cost Manager, or related title performing the following job duties:
- Assist with Request for Proposal (RFP) process by preparing documents, releasing RFPs, arranging mid-bid interviews, and creating bid analysis sheets
- Support senior cost manager by reviewing initial project estimates, providing measurements & pricing for estimates at assigned stages of the project, advising the client of any budget changes, and preparing & sending final estimate to senior manager for review
- Assist in updating regular cost reports & forecasts, amount & cost of construction work to be done, and cash flow forecast
- Assess change orders & payment applications from vendors & challenge discrepancies, and Recommend cost amounts to be paid based on claims and changes
- Measure & price quantities of various construction materials
- Perform all of the duties above through the use/preparation of Bid Analysis Sheets, Change Control Forms, Cost Estimating Software, and Take-off Software
Additional Information
*on-site presence and requirements may change depending on our client's needs*
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.
Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.
Please find out more about us at www.turnerandtownsend.com/
Turner & Townsend does not accept any speculative or unsolicited CV’s that have been sent to our internal recruitment team or hiring managers from agencies outside of our preferred supplier list or that have not followed due process. Any speculative or unsolicited CV’s will be treated as a direct application.
All your information will be kept confidential according to EEO guidelines.
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Join our social media conversations for more information about Turner & Townsend and our exciting future projects:
It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time.
Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.
Join our social media conversations for more information about Turner & Townsend and our exciting future projects:
It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time.
Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.
