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Cost Management Specialist

2 months ago

Glasgow, Glasgow City, United Kingdom Turner & Townsend Group Full time
Job Description

Company Overview

Turner & Townsend Group is a leading global professional services company that specializes in delivering cost management services to clients across various sectors. Our team of experts is dedicated to helping clients achieve their goals by providing innovative and effective cost management solutions.

Job Summary

We are seeking a highly skilled and experienced Cost Management Specialist to join our team. The successful candidate will be responsible for managing commissions, ensuring that client objectives are met, and delivering high-quality cost management services.

Key Responsibilities

  • Manage commissions of varying sizes, ensuring that client objectives are met and services are delivered to the right quality standards.
  • Assist in feasibility studies and write procurement reports.
  • Estimate and cost plan, including producing and presenting the final cost plan, utilizing relevant cost management tools and services.
  • Tender and procure, including managing the pre-qualification stage, producing the tender list, producing the preliminaries, tender analysis, producing the tender report, and compiling the contractual documents.
  • Conduct contract administration, including dealing effectively with post-contract cost variances and change control processes.
  • Take personal responsibility for making cost checks and carrying out valuations on larger projects.
  • Produce monthly post-contract cost reports and present them to the client.
  • Negotiate and agree final accounts.
  • Interface with clients, project managers, and other consultants at all project stages.
  • Work collaboratively with the project management team during project delivery.
  • Lead a cost management team, ensuring that they deliver on all accountabilities.
  • Utilize our full suite of bespoke digital cost management tools and services.
  • Implement our Embodied Carbon Calculator to produce carbon footprint reports.
  • Support the execution of our NewLeaf strategy.
  • Manage internal fees, internal job costing, and resourcing requirements.

Marketing and Business Development

  • Identify opportunities to develop new business with existing clients and report such opportunities to the appropriate line manager.
  • Develop and maintain a professional network of peers and potential clients.
  • Assist in the production of bid documentation.
  • Identify ways in which cost management procedures, templates, and products can be improved and refer ideas to the appropriate line manager.
  • Be involved in extracurricular activities, including external groups, attending networking and CPD events.

Internal Management Accountabilities

  • Knowledge management – Ensure that key information and learning generated from each commission is input into the Turner & Townsend internal database.
  • Process improvement – Identify ways in which internal systems and processes can be improved and refer ideas to the appropriate line manager.
  • Assist in the support, development, and mentorship of junior staff members.

Reporting

Depending on the context, a Cost Management Specialist is likely to report to a Senior Cost Manager or Associate Director.

Key Performance Indicators

  • Commissions are managed to the right quality standards and are completed efficiently and on time.
  • Service delivery on commissions is in line with the conditions of appointment.
  • Good relationships are developed with clients and members of the cross-functional team.
  • The candidate works as an effective member of the cost management team, including where appropriate, taking effective responsibility for Assistant Cost Managers.
  • Opportunities are identified to develop new business with existing clients.
  • Margins are kept track of on all commissions.
  • Key information and data are effectively cascaded and appropriately retained.