Senior Cost Manager- Commercial Real Estate
3 weeks ago
Who are you?
You are a Senior Cost Manager with a minimum of 6 years relevant experience working on large-scale retail, commercial real estate, or high-tech construction projects.
You will either specialize in pre-contract cost planning and estimating activities or post-contract commercial management, and/or both. You will bring your practical expertise and best practice experience and be comfortable operating in a client-facing role, leading project teams and managing stakeholders.
Key Accountabilities
Advising client on strategies, managing prequalification of vendors, assessing proposals, bids, and bid leveling documents, making final recommendations to the client, attending & chairing bid interviews, and managing appointment process.
Manage estimating services for 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 client, presenting value engineering recommendations and risk assessments to client, meeting with vendors to review, validate, and challenge costs, and reviewing estimates by utilizing benchmark data collected from other projects.
Manage cost reporting by establishing reporting schedule, reviewing & presenting cost reports and forecasts, reviewing project budget & spend forecast with the client, developing & maintaining commercial risk register, and hosting periodic meetings with project team & vendors.
Manage 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 client, and using dispute prevention/management/resolution procedures to manage payment requisitions, change orders, and contractual disputes.
Manage & monitor invoicing process.
Benchmark performance against other successful commissions.
Hold post-contract reviews with the client to establish a lessons learned document and apply lessons to create training manual.
Develop procedures governing handover of project.
Perform all of the duties above through the use/preparation of Bid Analysis Sheets, Change Control Forms, Cost Estimating Software, and Takeoff Software.
Key Performance Indicators
Projects are managed to the correct quality standards and are completed efficiently, on time and to budget.
Project delivery meets the client’s objectives and is in line with the conditions of appointment.
The project team is led effectively.
Strong relationships are developed with clients and members of the cross-functional team.
The internal financial status of all projects is effectively monitored.
Key information and data are effectively cascaded and appropriately retained.
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