Construction Cost Manager

1 week ago

Sunderland, Sunderland, United Kingdom AM Recruitment Ltd Full time
Job Description

Job Summary

The Construction Cost Manager plays a crucial role in the success of our construction projects by managing costs, ensuring efficient progress, and maintaining financial control. This position is responsible for assessing client needs, estimating material quantities, negotiating contracts, monitoring subcontractors, and providing legal advice.

Main Responsibilities

  • Cost Planning / Estimating: Develop and implement cost planning strategies to ensure projects are delivered on time and within budget.
  • Pre-contract estimating: Provide accurate pre-contract estimates for UFH systems, taking into account various factors such as material costs, labor costs, and overheads.
  • Budget control: Monitor and control project budgets, tracking expenditures and analyzing cost variances to ensure projects stay within budgetary constraints.
  • Procurement advice: Provide expert advice on procurement strategies, ensuring that projects are delivered with the best value for money.
  • Contract Negotiation: Negotiate contracts with subcontractors and suppliers, ensuring that terms and conditions are favorable to the company.
  • Tender support: Support the tendering process, providing accurate cost estimates and other necessary information to ensure successful project outcomes.
  • Post-contract cost control: Monitor and control project costs after contract award, ensuring that projects are delivered within budget.
  • Valuations/Applications: Prepare and submit valuations and applications for payment, ensuring that clients are invoiced accurately and on time.
  • Final Accounts: Prepare and finalize project accounts, ensuring that all costs are accurately accounted for and that clients are invoiced correctly.
  • Researching costs: Research and analyze the costs of materials, transport, labor, and equipment to ensure that projects are delivered with the best value for money.
  • Analyzing data: Analyze data that can affect costs, such as currency exchange rates and inflation, to ensure that projects are delivered within budget.
  • Monitoring costs: Monitor costs at different stages of a project to ensure that projects stay within estimated costs.
  • Cost value reconciliation: Create and manage cost value reconciliation processes to ensure that projects are delivered within budget.
  • Risk management: Identify and mitigate risks that can affect project costs, ensuring that projects are delivered within budget.
  • Retention management: Manage retentions, ensuring that clients are invoiced accurately and on time.

Key Tasks

  • Project management: Manage quantity surveying activities across multiple projects, ensuring that projects are delivered on time and within budget.
  • Cost estimation: Prepare accurate cost estimates, including materials, labor, and overhead costs.
  • Project budgeting: Monitor project budgets and track expenses to ensure that costs are kept within budgetary constraints.
  • Tendering support: Support the tendering process, providing accurate cost estimates and other necessary information to ensure successful project outcomes.
  • Contract negotiation: Negotiate contracts and schedules, ensuring that terms and conditions are favorable to the company.
  • Reporting: Prepare regular reports on project progress, including cost updates and variance analysis, and present findings to senior management as needed.
  • Process improvement: Develop and implement cost value reconciliation processes to ensure that projects are delivered within budget.

Qualifications and Experience

  • Qualifications: RICS qualification (desirable, not essential) and BSc in Quantity Surveying or similar.
  • Certification and Licenses: Full Drivers Licence (desirable) and Knowledge of Building Services (desirable).
  • Demonstrable Experience: Proven experience in estimating, surveying, or tendering, with strong numeracy skills and the ability to work under pressure to meet set goals, budgets, and deadlines.

Behavioural Competencies

  • Company Values: Work in line with company Values – Quality, Collaboration, Innovation, Support, and Passion.
  • Communication skills: Strong communication skills, with the ability to read and understand architectural drawings/plans and develop cost estimates.
  • Attention to detail: Strong attention to detail, with the ability to analyze data and identify opportunities for process improvements and efficiencies.
  • Teamworking skills: Teamworking, relationship-building, and influencing skills, with the ability to work collaboratively with project stakeholders to achieve successful outcomes.
  • Problem-solving skills: Problem-solving skills, with the ability to identify and mitigate risks that can affect project costs.
  • Maturity of judgement: Maturity of judgement, with the ability to make informed decisions and take calculated risks to ensure project success.

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