Cost Management Specialist
3 weeks ago
Turner & Townsend is a global professional services company with over 10,000 people in 50 countries. We collaborate with clients across real estate, infrastructure, and natural resources sectors, specializing in major programmes, programme management, cost and commercial management, net zero, and digital solutions.
Our team helps organizations deliver and integrate new assets as quickly and efficiently as possible, while setting asset strategies that support their corporate objectives.
Main Purpose of Role
- To perform the role of Commission Manager, taking responsibility for end-to-end service delivery
- To ensure client objectives are met through effective cost management service delivery
Scope
Cost Managers handle commissions of varying sizes, depending on project complexity. Typically, projects fall within the £5m to £10m range.
- Assisting on feasibility studies and writing procurement reports
- Estimating and cost planning, including producing and presenting the final cost plan, utilizing relevant cost management tools and services
- Tendering and procuring, including managing the pre-qualification stage, producing the tender list, producing the preliminaries, tender analysis, producing the tender report, and compiling contractual documents
- Conducting the role of contract administrator, including dealing with post-contract cost variances and change control processes
- Taking personal responsibility for making cost checks and carrying out valuations on larger projects
- Producing monthly post-contract cost reports and presenting them to the client
- Negotiating and agreeing final accounts
- Interfacing with clients, project managers, and other consultants at all project stages
- Collaborating with Turner & Townsend's project management team during project delivery
- Leading a cost management team, ensuring they deliver on all accountabilities
- Utilizing our full suite of digital cost management tools and services
- Implementing our Embodied Carbon Calculator to produce carbon footprint reports
- Supporting the execution of our NewLeaf strategy
- Managing internal fees, job costing, and resourcing requirements
Marketing and Business Development
- Identifying opportunities to develop new business with existing clients and reporting such opportunities to the line manager
- Developing and maintaining a professional network of peers and potential clients
- Assisting in the production of bid documentation
- Identifying ways to improve cost management procedures, templates, and products
- Participating in extracurricular activities, including external groups, networking, and CPD events
Internal Management Accountabilities
- Knowledge management – Ensuring key information and learning generated from each commission is input into the Turner & Townsend internal database
- Process improvement – Identifying ways to improve internal systems and processes
- Supporting the development and mentorship of junior staff members
Reporting
Cost Managers typically report to a Senior Cost Manager or Associate Director.
Key Performance Indicators
- Commissions are managed to the right quality standards and completed efficiently and on time
- Service delivery on commissions is in line with the conditions of appointment
- Good relationships are developed with clients and cross-functional team members
- Cost Managers work effectively as part of the cost management team
- Opportunities are identified to develop new business with existing clients
- Margins are tracked on all commissions
- Key information and data are effectively cascaded and retained
The Candidate
- Ability to work with autonomy
- A self-motivated individual who can take initiative and deliver to tight deadlines
- Working towards or recently achieved Chartered Status
- Confident and professional manner
- Highly organized and able to prioritize own workload
- Ability to collaborate and build relationships across the business
- Ability to work well under pressure
- A proven track record of delivering high-quality cost management/quantity surveying services across the full project lifecycle
- Professionally qualified (RICS or similar)
- Degree or HNC level qualification
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