Cost Manager | Construction Management Firm
1 month ago
Title: Cost Manager
Overview of Role
The Cost Manager is responsible for oversight of cost estimation and adhering to the company’s quality standards and the client’s satisfaction. Employees in this position will interface with clients, consultants, and designers to achieve the project’s goals and ensure that all project activities are consistent with Company policy. The Cost Manager should have the ability to identify opportunities within a project that will add value and help successfully accomplish the client’s desired project outcome.
Essential Functions
- Review construction plans and specifications during preconstruction to complete quantity take-offs and prepare estimates for all architectural, structural, and civil scopes from schematic through final design for new construction and renovation projects.
- Prepare value engineering, cost option and cost strategy estimates.
- Prepare independent post contract estimates, including reporting differences in scope, quantities, and pricing from contractor’s estimate.
- Work as integral part of our Estimating Team to perform plan and specification analysis, takeoff, and pricing of various types of construction projects.
- Review estimates prepared by Estimating Team, prior to supervisor final review.
- Compiles and analyzes data on all factors that influence costs, such as material, labor, equipment, and profit margins.
- Evaluates cost estimating deliverables prepared by architects and engineers, for cost containment.
- Acquires and evaluates historical and vendor cost data for the development of cost estimates and price recommendations.
- Accurately forecasts costs of future projects and changes to existing projects.
- Prepares technical evaluations, cost estimating draft reports, memos, and letters and presents recommendations to management and client.
- Participate in design charrettes and design workshops, including presenting estimates to the client and AE team.
- Participate in Value Engineering studies, reconciliations, and negotiations with contractors.
- Prepare valuations of work in progress reports from contractor draw requests.
- Undertake other cost-related tasks as directed by supervisor, including review of estimates prepared by others.
- Contributes to team performance by collaboration and effective communication.
- Contributes to and understands the clients desired project outcomes, identifies opportunities to adds value to accomplish the desired outcomes.
Requirements
- The Cost Manager shall demonstrate a positive proactive approach to the role, and will be committed to delivering customer service excellence, with good commercial results.
- Minimum Education (or substitute experience) required: 4-year college degree in quantity surveying, construction management, architecture, or engineering science.
- Minimum Experience required: 2-6 years’ relevant experience of management of staff including project and cost professionals and/or technicians, managing major projects including development of project scope, goals, work plans, timeliness, and implantation strategies, developing measurement processes/methods for assessing progress toward goals and project outcomes. Prior experience with developing and monitoring contracts required.
- Skills Required: Expert in quantity surveying, cost management, or project management, including planning, development, implementation, and evaluation of large, complex projects. Good communication skills required.
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