Senior Cost Management

Company Description

At Turner & Townsend we’re passionate about making the difference – we are committed to delivering Sustainable Net Zero outcomes for our clients, helping our people to realize their potential, and doing our part to create a prosperous society.

The world is changing, and we have a responsibility to support that change, helping drive it and be part of it.

Through the commitment, capability and care our team brings, we build trust between clients, suppliers, governments, and society. Delivering better outcomes that have a positive impact on the world around us.

We work smarter to face the challenges of the future; bringing the clarity that helps teams realise their full potential across the real estate, infrastructure, and natural resources sectors.

It’s how we’ve made the difference for 75 years. Transforming performance for a green, inclusive and productive world.

Job Description

The Senior Cost Manager reports directly to the Cost Management Lead and supports in all aspects of project budgeting, procurement and cost control. The role holder develops and implements robust cost control processes, manages procurement activities and ensures compliance with industry standards. The Senior Cost Manager collaborates with various project teams to ensure cohesive planning and execution, while driving continuous improvement initiatives within the cost management function.  This role is critical in ensuring the responsible use of public funds and maintain transparency in financial processes.

Principal Accountabilities

• Develop and implement cost control processes to monitor and manage project budgets, expenditures, and forecasts.
• Prepare, review, and manage project budgets, ensuring alignment with project objectives and financial constraints.
• Manage the procurement process, ensuring stages including prequalification, enquiry, analysis selection and contract preparation are performed effectively.
• Oversee the preparation and evaluation of tender documents, ensuring accuracy and compliance with project requirements.
• Generate detailed cost reports and present findings to senior management, providing insights and recommendations for cost optimisation.
• Work closely with the Cost Estimating Lead, Scheduling Lead, Scope and Benefits Lead, and Systems Implementation Lead to ensure cohesive project planning and execution.
• Collaborate with project managers and stakeholders to establish cost objectives and monitor progress.
• Identify and assess cost-related risks, developing mitigation strategies to minimise financial impact on the project.
• Conduct cost analysis and provide recommendations for cost-saving initiatives.
• Prepare and present cost reports, including variance analysis and cost projections.
• Pro-actively monitoring and managing cost variance and contract cash flow and ensuring that applications are made correctly and in a timely manner.
• Ensure all cost management activities comply with relevant regulations, standards, and best practices.
• Drive continuous improvement initiatives within the cost management function, leveraging industry best practices and innovative solutions.
• Coach junior staff, including the allocation of roles and responsibilities to ensure effective cost management.
• Perform additional tasks, activities or other duties as may be required or assigned as part of the role.

Qualifications

• 10+ years of experience in Construction Cost Management, PQS or Contractor/Developer experience.
• A proven track record of conducting cost management in high value metro rail projects or projects of a similar scale / complexity.   
• Significant experience of supporting the delivery of cost management in major project environments to enable achievement of project goals and objectives. 
• Significant experience in conceptual project budgeting, construction risk identification, scheduling, project planning, design and cost estimating at various project stages.
• Significant experience of dealing with a range of stakeholders at all levels across the organisation influencing the improvement of process and providing guidance to support project delivery and reporting.
• Experience in the Rail or associated industriesStrong understanding with industry regulations, standards, or financi