Cost Manager - Commercial Real Estate Construction

About the Role

Turner & Townsend is seeking a Cost Manager to join our Commercial Real Estate team in California, supporting the successful delivery of a diverse portfolio of construction projects. In this role, you will provide cost management services throughout the project lifecycle, helping clients achieve successful project outcomes through effective cost planning, commercial oversight, risk management, and financial control.

Responsibilities

• Advising clients on strategies, managing prequalification of vendors, assessing proposals, bids, and bid levelling documents, making final recommendations to the client, attending & chairing bid interviews, and managing the appointment process.
• Managing estimating services for the full project by developing project estimates (relating to construction, fees, direct work, and other costs), reviewing estimations prepared by junior team members, presenting estimates to the client, presenting value engineering recommendations and risk assessments to the client, meeting with vendors to review, validate, and challenge costs, and reviewing estimates by utilizing benchmark data collected from other projects.
• Managing cost reporting by establishing a reporting schedule, reviewing & presenting cost reports and forecasts, reviewing project budget & spend forecast with the client, developing & maintaining a commercial risk register, and hosting periodic meetings with the project team & vendors.
• Managing the cost control process by reviewing payment application assessments prepared by junior team members, liaising with project managers to recommend contractor entitlements, reviewing requests for change orders from vendors & making recommendations to the client, and using dispute prevention/management/resolution procedures to manage payment requisitions, change orders, and contractual disputes.
• Managing & monitoring the invoicing process.
• Benchmarking performance against other successful commissions.
• Managing all facets of the final accounting process and post-contract audits and account close-outs.
• Holding post-contract reviews with the client to establish a lesson learned document and apply lessons to create a training manual.
• Developing procedures governing the handover of the project.
• Performing all the duties above through the use/preparation of Bid Analysis Sheets, Change Control Forms, Cost Estimating Software, and Take-off Software.

Qualifications

• Bachelor’s degree in construction management, cost management, quantity surveying, engineering, or a field related to construction.
• Minimum 3-5 years of relevant experience working in a cost management role in the construction industry.
• RICS accredited or working towards it is valuable.
• Experience supporting cost management on medium or large-sized construction projects.
• Construction consultancy experience is strongly preferred.
• Good knowledge of construction industry technical matters, such as different procurement routes, value management, and value engineering.
• Strong communication skills.

Pay

The base salary range for this role is $100K-$135K 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.

Benefits

In addition to base salary, employees may be eligible for bonuses and a comprehensive benefits package. We promote a healthy, productive, and flexible working environment that respects work-life balance.

Note: On-site presence and requirements may change depending on our client's needs. SOX control responsibilities may be part of this role, which are to be adhered to where applicable.