Senior Cost Manager - Commercial Real Estate Construction

Turner & Townsend$130K — $150K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in construction management, cost management, quantity surveying, engineering, or a related field.
  • 5-7 years of relevant experience in a cost management role within the construction sector.
  • RICS accredited or actively pursuing accreditation is preferred.
  • Experience with medium to large-scale construction projects of medium to high complexity.
  • Strong background in construction consultancy is highly desirable.
  • In-depth knowledge of construction industry technical aspects like procurement, value management, and engineering principles.
  • Outstanding communication skills are essential.

Responsibilities

  • Estimate and negotiate change orders during the construction lifecycle.
  • Provide detailed cost planning, including the final cost plan presentation.
  • Collaborate with design and contractor teams to develop accurate cost estimates.
  • Reconcile project changes and support the contractor in data accuracy.
  • Regularly update the client and general contractor on cost estimates and project status.
  • Prepare comprehensive written feedback on contractor submissions and executive summaries.
  • Coordinate various cost data sources for discussions and supplier interactions.
  • Drive engineering priorities based on cost considerations.
  • Independently address scheduling challenges to optimize project timelines.
  • Manage cost checking and perform valuations on significant projects, ensuring accuracy and timely processes.
  • Handle post-contract cost variances and change control efficiently.
  • Direct contingency management and track commitments throughout the project.
  • Facilitate funding presentations and coordinate value engineering sessions with stakeholders.
  • Ensure effective cost auditing and validation processes are in place.
  • Compile monthly cost reports for clients and negotiate final accounts promptly.
  • Mentor and uplift team talent, celebrating collective achievements.
  • Exemplify leadership quality and service delivery in line with company standards.
  • Oversee financial management using internal software for ongoing project margin levels and forecasts.

Benefits

  • Comprehensive benefits package including health, dental, and vision insurance.
  • Opportunities for professional development and advancement.
  • A supportive company culture that emphasizes mentorship and coaching.
  • Participation in value engineering sessions for comprehensive project input.
  • Flexible work arrangements based on client requirements.
Full Job Description
Job Description

Turner & Townsend is seeking an experienced Senior Cost Manager to serve as the primary day-to-day client interface, ensuring client objectives are achieved through the delivery of value-added cost management services on complex life sciences, pharmaceutical, biotechnology, laboratory, and advanced manufacturing construction projects throughout New Jersey.

To be successful in this role, you must possess 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 while collaborating effectively within multidisciplinary project teams. Experience supporting capital projects in highly regulated life sciences environments is preferred. In this important leadership position, you will be responsible for providing guidance 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 estimate and cost planning to include producing and presenting the final cost plan.
  • Review and participate with the design services team and general contractor in the development of cost estimates.
  • Reconcile changes and assist the general contractor to ensure that their data is accurate.
  • Communicate or meet with the general contractor and owner of project manager to gather status information to prepare a cost estimate update.
  • Prepare written comments to the general contractor's submissions, including the executive summary.
  • Coordinate all sources of cost information for cost discussions and suppliers direct from NPA, subs, quantities from A/Es.
  • Inform and drive engineering priorities based on cost impact.
  • Work proactively with minimal supervision to resolve scheduling issues.
  • Manage cost checks and carry out valuations on larger projects. Complete timely, accurate cost checking and valuation processes.
  • Participate effectively with post-contract cost variances and the change of control processes.
  • Manage Cost impact / contingency management and commitment tracking logs.
  • Prepare funding data presentations and coordinate VE sessions with stakeholders.
  • Developing cost plans and estimates through the design phase, delivering updated cost plans at appropriate design milestones.
  • Providing commercial input to design optioneering and input into value engineering exercises.
  • Reviewing contractor and subcontractor pricing and leading negotiations on behalf of the client to drive fair contract prices.
  • Performing quantity surveying, cost controls, and change management activities throughout the project lifecycle.
  • Ensuring that post-contract cost variances and change control processes are managed effectively.
  • Ensuring that cost auditing and valuation work is managed effectively and that a robust process for cost validation is in place.
  • Carrying out the production of monthly cost reports for presentation to the client.
  • Ensuring that final accounts are negotiated and agreed upon in a timely manner.
  • Compiling built cost estimate records for benchmarking purposes.
  • Identify, coach and mentor talent to realize their potential and celebrate the success of others.
  • Display excellence in leadership and service delivery on commissions is in line with the conditions of appointment
  • Financial Management - Utilize internal software to track ongoing margin levels and monthly fee/resource forecasts for each commission and financial reports
  • Implement and maintain the use of internal Business Management Systems and company delivery methodologies and tools in the office to ensure consistent delivery of best practice for Clients and the company
  • Be a role model that drives a one business culture that achieves great outcomes by striking the right balance for our people, clients, stakeholders, and society.
  • SOX control responsibilities may be part of this role, which are to be adhered to where applicable.


Qualifications

  • Bachelor's degree in construction management, cost management, quantity surveying, engineering or field related to construction.
  • Minimum 5-7 years of relevant experience working in a cost management role in the construction industry.
  • RICS accredited or working towards it is preferred.
  • Experience of leading cost management on medium or large sized construction projects of medium to high complexity.
  • Construction consultancy experience is strongly preferred.
  • Good knowledge of construction industry technical matters, such as different procurement routes, value management, and value engineering.
  • Excellent communication skills.


Additional Information

*On-site presence and requirements may change depending on our client's needs.

The base salary range for this role is $130K-$150 USD. This range reflects the company's good faith estimate of the base salary for this position at the time of the posting. Final compensation will be determined based on factors including experience, skills, qualifications, and internal equity. In addition to base salary, employees may be eligible for bonuses and a comprehensive benefits package.

About Turner & Townsend

Turner & Townsend Careers

Joining Turner & Townsend offers a unique opportunity to contribute to some of the most exciting projects worldwide. As a global leader in professional services, Turner & Townsend is at the forefront of transforming the industry through expertise, innovation, and leadership.

Explore Job Opportunities

Turner & Townsend is constantly seeking skilled professionals eager to drive innovation and lead industry standards. With a variety of job opportunities available, candidates can find positions that match their skills and career aspirations. Explore employment options that span across critical sectors such as construction, project management, and consultancy.

Experience Professional Growth

Turner & Townsend is committed to the professional growth and continuous development of its team members. The company supports career advancement through robust training programs, including leadership development and diversity training, ensuring every team member has the tools and knowledge to succeed.

Internship Programs

For those starting their career journey, Turner & Townsend offers internship programs that provide a rich learning environment. Interns gain hands-on experience, working alongside seasoned professionals and contributing to impactful projects. These internships are a gateway to full-time employment and a flourishing career within the company.

Cultivating a Diverse and Inclusive Culture

Turner & Townsend prides itself on fostering an inclusive culture where diversity is celebrated. The company believes that a diverse workforce enhances creativity and drives innovation. Employees from various backgrounds are encouraged to share their unique perspectives, promoting a collaborative and supportive workplace.

Benefits and Employee Wellbeing

Understanding the importance of a work-life balance, Turner & Townsend offers comprehensive benefits designed to support the wellbeing of its team. Benefits include health care, flexible working conditions, and competitive retirement plans, all aimed at enhancing the quality of life for employees.

Join the Team

Turner & Townsend is hiring! Search open positions that align with your professional skills and interests. The company is looking for passionate, curious, and solution-driven team players. Prepare your resume, sharpen your interview skills, and get ready to join a team where your contributions will be valued and your career will flourish.

Networking and Career Development

Turner & Townsend encourages continuous networking and professional development. By participating in industry conferences and company-hosted events, employees can build valuable relationships and stay current with industry trends.

Stay Connected

Keep up to date with the latest from Turner & Townsend: - **Read Careers Blog**: Gain insights from experts and stay informed about the latest company news and industry trends. - **Job Alert Emails**: Personalize your subscription to receive job alerts and insider tips tailored to your preferences. Discover exciting and rewarding opportunities that await at Turner & Townsend. Turner & Townsend is not just a place to work—it's a place where careers are made, innovation thrives, and opportunities abound. Join the team and be part of shaping the future of the industry.
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