Cost & Estimating Lead

Company Description

We are a global professional services organization that provides consulting and delivery services to large global clients.

With our experience of major capital projects all over the world we’re experts at managing the many moving parts involved in complex programmes, with 110 offices across 45 different countries.

At the heart of our approach is a focus on better outcomes. With an independent view we do things smarter; we give the clarity and rigour to help teams work better together, to make an investment case stronger, to raise the standards of delivery and to maintain schedules and budgets. It’s how we’ve made the difference for more than 70 years.

We are equal opportunity employers. A copy of the policy statement on equal opportunity is provided upon request.

Job Description

The Costing and Estimating Lead will be responsible for leading the cost and estimating team within the PMO function. The role holder will lead the review, development and implementation of processes, procedures and systems to be used in the planning, estimating, budgeting, funding, managing, and controlling costs so that the project can be completed within the approved budget.

The role holder shall provide leadership in costing and estimating throughout the delivery of MetroLink, ensuring that the costing and estimating controls are being complied with across the project, including by the Project Delivery Partner and the appointed contractor(s).

The role holder will also lead cost management and estimation across the programme and will ensure that there is a focus on accurate forecasting of out-turn costs and cash flow and a culture of mitigating any estimated cost-overruns is embedded. 

• Lead the costing and estimating team within the PMO function of the MetroLink Directorate
• Oversee the review, development and implementation of processes, procedures and systems to be used in the planning, estimating, budgeting, funding, managing, and controlling of costs so that the project can be completed within the approved budget
• Undertake a review of TII's requirements in relation to cost management and control in relation to budget, forecasting, cashflow and payment of costs and in line with TII’s finance and reporting requirements
• Develop the necessary processes and systems for cost management and control which align to TII's existing processes and systems
• Identify and define an appropriate software, where required, for costing and estimating for MetroLink and support in the implementation of same •
• Develop and define contingency management processes and procedures
• Define and manage the funding and cashflow requirements for MetroLink and effectively report this to TII monthly, to ensure contractual compliance with all contracts
• Develop and draft the cost management requirements for procurement and contract documents for the Core Contracts ensuring the alignment of these across full suite of documents
• Ensure that all cost and management requirements are communicated to the M100 and M300 Contractors to ensure alignment with the project controls framework
• Support during the tender evaluation phase of the procurement process, supporting with tender clarifications and evaluation of tender submissions in relation to cost and estimating
• Planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget
• Manage the funding and cashflow requirements for MetroLink and effectively report this to TII monthly, to ensure contractual compliance with all contracts
• During the procurement and delivery manage the MetroLink budget as set out in the Preliminary Business Case through to delivery, centrally managing costs for the entire scheme including coordinating costs from other elements of TII organisation e.g., Land and Property
• Monitor and assure compliance with the MetroLink Directorate’s cost control standards across all Core Contracts notifying the PMO Lead and/or Programme Director and Project Manager of any non-conformance issues
• Oversee the Project Delivery Partner, who as NEC 4 Project Manager shall execute cost management across the M400 contracts under their remit, including undertaking audits of their cost management activities
• Undertake the cost management for the M500 Contractor
• Undertake all necessary cost reporting required by TII, with active management of the budget to ensure accuracy and timely reporting, auditing the delivery of cost management at scheme level to ensure compliance
• Oversee the handover of all cost management systems and processes and information to TII
• Provide an independent, objective view of costing and estimating across the various levels of MetroLink’s governance, TII and other stakeholders as required