Cost Management Specialist

2 months ago


London, Greater London, United Kingdom Turner & Townsend Group Full time
Job Description

At Turner & Townsend Group, we are seeking a highly skilled Cost Management Specialist to join our team. As a key member of our cost management team, you will be responsible for providing expert cost management services to our clients in the commercial developer sector.

Key Responsibilities
  1. Cost Planning and Estimating: Assist in the preparation of feasibility studies and procurement reports, and develop and present cost plans for construction projects.
  2. Tendering and Procurement: Manage the pre-qualification stage, produce tender lists, and compile contractual documents for construction projects.
  3. Cost Control and Variations: Deal with post-contract cost variances and change control processes, and refer major changes to line managers as necessary.
  4. Cost Checking and Valuations: Conduct cost checks and valuations on larger projects, and ensure timely and accurate cost checking and valuation takes place.
  5. Reporting and Presentations: Produce monthly post-contract cost reports and present them to clients.
  6. Value Engineering: Contribute to value engineering initiatives to optimize project costs.
  7. Final Accounts and Negotiations: Negotiate and agree final accounts with clients.
  8. Client and Consultant Interface: Interface with clients and other consultants at all project stages.
  9. Team Leadership: Lead a cost management team, ensuring they deliver on all accountabilities.
Additional Responsibilities
  1. Marketing and Business Development: Identify opportunities to develop new business with existing clients, and report such opportunities to line managers.
  2. Bid Documentation: Assist in the production of bid documentation.
  3. Process Improvement: Identify ways to improve cost management procedures, templates, and products, and refer ideas to line managers.
Internal Management Accountabilities
  1. Knowledge Management: Ensure key information and learning generated from each commission is input into the Turner & Townsend internal database.
  2. Financial Management: Utilize FMS to keep track of ongoing margin levels.
  3. Process Improvement: Identify ways to improve internal systems and processes, and refer ideas to line managers.
Reporting and Performance Indicators

Depending on the context, a Cost Management Specialist will report to a Senior Cost Manager, Area Manager, or Associate Director. Performance will be assessed by the extent to which commissions are managed to the right quality standards and are completed efficiently and on time.



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