Senior Cost Manager - Commercial Real Estate Construction

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.

• 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.

*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.

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change.

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance.

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

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All your information will be kept confidential according to EEO guidelines.

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time.

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.

Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries.

Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people’s lives. Working in partnership makes it possible to deliver the world’s most impactful projects and programs as we turn challenge into opportunity and complexity into success.

Our capabilities include program, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions.

We are majority-owned by CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier program, project and cost management offering in markets around the world.

Originally posted on Himalayas