Senior Cost Manager - Commercial Real Estate Construction

Company Description

Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. 

Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people’s lives. Working in partnership makes it possible to deliver the world’s most impactful projects and programs as we turn challenge into opportunity and complexity into success. 

Our capabilities include program, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions. 

We are majority-owned by CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier program, project and cost management offering in markets around the world. 

Job Description

Turner & Townsend are looking for an experienced Senior Cost Manager and/or Quantity Surveyor to act as the key day-to-day client interface, ensuring that client objectives are met through the delivery of a value-added cost management service across a portfolio of commercial real estate and construction projects.

To be successful in this role, you must have excellent communication skills and be comfortable operating in a client-facing environment. The ideal candidate will be self-motivated, driven, and capable of working independently as well as collaboratively within a team. In this significant position, you will be responsible for providing leadership and direction while embedding and promoting the purpose, values, and vision of Turner & Townsend.


Responsibilities:

• Estimating and negotiating change orders throughout the construction lifecycle.
• Provide estimating, cost planning, and budget management services, including producing and presenting final cost plans.
• Review and participate with design teams, contractors, and project stakeholders in the development and validation of cost estimates.
• Support cost management delivery across a range of commercial real estate asset classes, including office, retail, industrial, mixed-use, multifamily, hospitality, and other development projects.
• Reconcile changes and assist project teams to ensure cost and budget data is accurate and aligned with project objectives.
• Communicate and meet with owners, developers, project managers, consultants, and contractors to gather project status information and prepare cost estimate updates.
• Prepare written comments and analyses of contractor submissions, including executive summaries, budget reviews, and commercial recommendations.
• Coordinate all sources of cost information for cost discussions, including contractor pricing, subcontractor bids, consultant estimates, market benchmarks, and quantity take-offs.
• Inform and drive engineering and design priorities based on cost impact and project budget objectives.
• Work proactively with minimal supervision to resolve cost and scheduling issues.
• Manage cost checks and carry out valuations on larger projects, ensuring timely and accurate cost validation processes.
• Participate effectively in post-contract cost management, change control, and cost variance management processes.
• Manage cost impact assessments, contingency management, commitment tracking logs, and forecast reporting.
• Prepare funding data presentations and coordinate value engineering (VE) sessions with key stakeholders.
• Develop cost plans and estimates throughout the design phase, delivering updated cost plans at key project milestones.
• Provide commercial input to design optioneering and value engineering exercises.
• Review contractor and subcontractor pricing and lead negotiations on behalf of clients to achieve fair and competitive contract pricing.
• Perform quantity surveying, cost controls, and change management activities throughout the project lifecycle.
• Ensure post-contract cost variances and change control processes are managed effectively.
• Participate in project due diligence activities, cost audits, budget reviews, draw reviews, and ongoing financial monitoring of construction projects.
• Support the review of project budgets, cost-to-complete forecasts, contingency utilization, and funding requirements throughout the project lifecycle.
• Ensure cost auditing and valuation work is managed effectively and that robust validation and reporting processes are in place.
• Carry out the production of monthly cost reports, including budget performance, cost variance analysis, contingency tracking, and forecasted final costs.