Cost Manager
4 weeks ago
Job Title: Cost Manager
Company Description:
Turner & Townsend is a global professional services company with over 10,000 people in 50 countries. We collaborate with our clients across real estate, infrastructure, and natural resources sectors, specializing in major programs, program management, cost and commercial management, net zero, and digital solutions.
Job Description:
Main Purpose of Role:
- Perform the role of the Commission Manager, taking responsibility for end-to-end service delivery.
- Ensure that client objectives are met through the delivery of an effective cost management service.
Scope:
Cost Managers handle commissions of varying sizes, depending on the complexity of the project. Typically, projects fall within the £5m to £10m range.
Key Accountabilities:
- Commission Management, to include:
- Assisting on feasibility studies and writing procurement reports.
- Estimating and cost planning to include producing and presenting the final cost plan, utilizing the 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 the contractual documents.
- Conducting the role of contract administrator, including dealing effectively with post-contract cost variances and the change control processes.
- Taking personal responsibility for making cost checks and carrying out valuations on larger projects and in all cases ensuring that timely and accurate cost checking and valuation takes place.
- Producing monthly post-contract cost reports via our Cost Control App and presenting them to the client.
- Inputting into value engineering.
- Negotiating and agreeing final accounts.
- Interfacing with the client, Project Manager, and other consultants, at all project stages.
- Working collaboratively with Turner and Townsend's project management team during project delivery.
- Where appropriate, leading a cost management team, ensuring that they deliver on all of the above accountabilities.
- Utilizing our full suite of bespoke digital cost management tools and services.
- Implementing our Embodied Carbon Calculator, a bespoke carbon accounting tool, to produce carbon footprint reports.
- Supporting the execution of our NewLeaf strategy.
- Management of internal fees, internal job costing, and resourcing requirements.
Marketing and Business Development:
- Identifying opportunities to develop new business with existing clients and reporting such opportunities to the appropriate line manager.
- Developing and maintaining a professional network of peers and potential clients.
- Assisting in the production of bid documentation.
- Identifying ways in which cost management procedures, templates, and products can be improved and referring ideas to the appropriate line manager.
- Being involved in extracurricular activities, including external groups, attending networking and CPD events.
Internal Management Accountabilities:
- Knowledge management – Ensuring that key information and learning generated from each commission is input into the Turner & Townsend internal database.
- Process improvement – Identifying ways in which internal systems and processes can be improved and referring ideas to the appropriate line manager.
- Assist in the support, development, and mentorship of junior staff members.
Reporting:
Depending upon context, a Cost Manager 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.
- They work 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.
The Candidate:
We would expect candidates to demonstrate the following:
- Ability to work with autonomy.
- A self-motivated individual who is able to take initiative and deliver to tight deadlines.
- Working towards or recently achieved Chartered Status.
- Have a confident and professional manner.
- Highly organized and ability to prioritize own workload.
- Ability to collaborate and build relationships across the business.
- Ability to work well under pressure.
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