Cost Control Manager is responsible for managing construction budgets from project inception through completion in accordance with the construction contract documents including validation of potential change orders and associated cost. This position involves leading and collaborating with various stakeholders, including project management teams (internal and external), vendors, cost consultants, and finance and accounting teams. The ideal candidate has strong collaboration skills, advanced knowledge of construction documents, analytical abilities, attention to detail, and proficiency in financial and project management software tools.
ESSENTIAL DUTIES AND RESPONSIBILITIES- Examine construction contract documents and ensure continuous compliance with the contract and relevant laws.
- Evaluate contractors' requests to award (RTA) to subcontractors, provide recommendations to the project management team for review, and monitor buyout savings.
- During the monthly review of the pay application, ensure that contractors' schedule of values aligns with the contract, verify the required monthly documentation, reconcile the project budget as needed, and inform the project management teams.
- Initiate purchase orders for vendors and ensure invoices comply with the agreed terms.
- Obtain detailed monthly cash flow projections from the contractor, reconcile projections with actual figures, and provide these projections to the capital and investment teams.
- Evaluate potential change order events by thoroughly reviewing contract documents and relevant cost information and offer well-informed recommendations to project management teams including substantiating claim positions.
- Maintain a log of potential change orders and their approximate costs, track approved change orders, manage the internal approval process for change orders according to the delegation of authority, and ensure review by the legal department as necessary.
- Support the finance team with the monthly loan draw process as required, including acquiring any necessary documentation from the contractor or its subcontractors.
- Conduct weekly and biweekly meetings with external construction managers, internal project management teams, and consultants to review pay applications, required documentation, and change order status. Ensure that all teams adhere to the specified review timelines.
- Manage third party change management or cost auditing teams that are assigned to the project.
- Mentor and support growth of internal Cost Engineers.
BASIC QUALIFICATIONS- Bachelor's degree in construction management, financing, or accounting; or relevant professional experience.
- Advanced knowledge in construction contract documents and change management.
- Proficiency in financial and project management software (e.g., Workday, e-Builder, Procore, Autodesk Construction Cloud).
- Ability to work within dynamic and diverse team and environment.
- Ability to lead and mentor others.
- Seven or more years of experience in construction or project management.
PREFERRED QUALIFICATIONS- Ten or more years of experience in construction or project management preferred.
- Prior experience in a leadership or management role a plus.
KNOWLEDGE, SKILLS, AND ABILITIES- Strong collaboration skills, analytical, and attention to detail.
- Excellent communication and leadership skills.
TOTAL REWARDSThis role is also eligible for a competitive benefits package that includes medical, dental, vision, life, and disability insurance; 401(k) retirement plan; flexible spending and HSA accounts; paid holidays; paid time off; paid volunteer days; employee assistance program; tuition assistance; parental leave; military leave assistance; QTS scholarship for dependents; wellness program, and other company benefits. This role is bonus eligible and may be eligible for equity.
