Senior Cost Manager - Commercial Real Estate Construction

Turner & Townsend$130K — $150K *
US-AnywhereRemote in United States
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 related field.
  • 5-7 years of experience in cost management or quantity surveying.
  • Preferred: RICS accreditation or in progress.
  • Experience with medium to large-scale commercial real estate projects.
  • Strong background in construction consultancy preferred.

Responsibilities

  • Estimate and negotiate change orders during construction.
  • Provide comprehensive cost planning and budgeting services.
  • Review and validate cost estimates with design teams and stakeholders.
  • Support cost management across various commercial real estate asset classes.
  • Communicate project updates and cost estimates to all stakeholders.
  • Prepare analyses and summaries of contractor submissions.
  • Lead negotiations on fair and competitive pricing for clients.

Benefits

  • Comprehensive benefits package for employees.
  • Opportunity for performance bonuses.
  • Professional development through coaching and mentoring.
  • Supportive work culture promoting collaboration and communication.
  • Potential for hybrid work arrangements as client needs change.
Full Job Description
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.
  • Ensure final accounts are negotiated and agreed upon in a timely manner.
  • Compile built-cost and benchmarking records for future cost planning and market analysis.
  • Identify, coach, and mentor talent to realize their potential and celebrate the success of others.
  • Display excellence in leadership and service delivery on commissions in line with the conditions of appointment.
  • Financial Management: Utilize internal software to track ongoing margin levels, monthly fee/resource forecasts, and financial performance for each commission.
  • Implement and maintain internal Business Management Systems and company delivery methodologies to ensure consistent delivery of best practices for clients and the business.
  • Be a role model who 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 and must be adhered to where applicable.


Qualifications

  • Bachelor's degree in Construction Management, Cost Management, Quantity Surveying, Engineering, Real Estate, or a related construction field.
  • Minimum 5-7 years of relevant experience working in a cost management, quantity surveying, or construction cost control role.
  • RICS accredited or working toward accreditation is preferred.
  • Experience leading cost management services on medium to large-scale commercial real estate and construction projects of moderate to high complexity.
  • Experience supporting owner-side project delivery, capital projects, project monitoring, construction lending support, cost verification, draw reviews, or financial oversight functions is a plus.
  • Construction consultancy experience is strongly preferred.
  • Good knowledge of construction industry technical matters, including procurement strategies, value management, value engineering, budgeting, and cost controls.
  • Strong understanding of project financial management, change management, cost forecasting, and reporting processes.
  • Excellent communication, stakeholder management, and client-facing 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-$150K 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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