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Senior Cost Manager – Construction Management

Company Description


From the inception of a project through to completion and beyond, Turner & Townsend help to deliver the outcomes that matter through transformational programs covering the full spectrum of consultancy, project delivery and post-project operations.

With offices located globally, you're never far away from our services. Working from 133 offices in 49 countries, we make the difference to projects across the real estateinfrastructure and natural resources sectors worldwide.

Our team is dynamic, innovative and client-focused, supported by an inclusive and fun company culture. Our clients value our proactive approach, depth of expertise, integrity and the quality we deliver. As a result, our people get to enjoy working on some of the most exciting projects in the world.

Job Description


Turner & Townsend’s San Francisco Bay Area team is seeking a driven and experienced Senior Cost Manager with a strong background in post-contract management. In this role, you will work with a leading tech client on both new development projects and the refurbishment of existing facilities for a corporate campus. You will play a key role in managing cost control, financial forecasting, and budgeting.

The ideal candidate will thrive in a client-facing role, and bring extensive post-contract experience, including overseeing cost performance, managing procurement processes, and ensuring the financial success of projects within the tech industry.
 

Responsibilities:
 

  • Lead and manage the post-contract phase for both new development and refurbishment projects. Monitor and track project costs, ensuring all expenditures align with the approved budget and the overall project objectives.
  • manage project changes, including scope modifications, cost variations, and schedule impacts. Work closely with project stakeholders to assess, validate, and implement changes while maintaining financial control and minimizing disruption.
  • Oversee the development and approval of cost estimates, budgets, and forecasts. Maintain rigorous control over project financials, ensuring that budgets are adhered to, and potential cost overruns are mitigated.
  • Lead the procurement process for subcontractors and suppliers, including preparation of tender documents, contract negotiation, and awarding of contracts. Ensure all contracts are managed in line with the terms and conditions and monitor performance to ensure value for money.
  • Maintain accurate and up-to-date records of project costs. Prepare detailed and transparent financial reports for senior management and key stakeholders, highlighting any cost variations and recommending corrective actions.
  • Serve as the primary point of contact for cost-related matters with internal teams, project managers, architects, engineers, contractors, and other external parties. Provide regular updates on cost status, risks, and opportunities.
  • Identify and assess potential cost risks and opportunities throughout the project lifecycle. Develop strategies to mitigate risks and enhance project cost performance.
  • Ensure all contractual terms and conditions are adhered to, with particular attention to assessing claims, variations, and disputes. Facilitate the resolution of any contractual issues, ensuring alignment with project goals and financial targets.
  • Work closely with the design and construction teams to suggest cost-effective solutions, optimizing the balance between quality, budget, and schedule.
  • Oversee the financial closeout of projects, ensuring that all costs are reconciled, final accounts are settled, and all contractual obligations are met.

Qualifications

 

  • A degree in Quantity Surveying, Construction Management, Engineering, or a related field.
  • Professional certifications such as MRICS (Member of the Royal Institution of Chartered Surveyors), AACE (Association for the Advancement of Cost Engineering), or similar are advantageous.
  • Minimum of 7 years’ experience in construction cost management, with a strong emphasis on post-contract management and change management.
  • Proven experience managing costs for large-scale new developments and refurbishment projects, ideally within the tech sector or for corporate campuses.
  • Expertise in cost control, financial reporting, and risk management for complex construction projects.
  • Experience in procurement, contract administration, and managing change within a project’s lifecycle.
  • Advanced knowledge of cost estimating, budgeting, and cost control software/tools.
  • Expertise in change management processes, with a track record of successfully managing project scope, cost, and schedule changes.
  • Strong negotiation skills, particularly in managing contract variations and claims.
  • Excellent communication skills, with the ability to engage and influence stakeholders at all levels.
  • Ability to manage multiple projects simultaneously, ensuring the financial health of each.
  • Strong problem-solving skills and a proactive approach to identifying and addressing financial issues.
  • High attention to detail, with the ability to manage complex project budgets and ensure financial transparency.
  • A collaborative mindset with the ability to work effectively across multiple teams and with external contractors.
  • Strong leadership skills to mentor junior cost managers and support the development of team capabilities.

Additional Information


The salary range for this full-time role is $135K-$150K per year. Ranges are determined by role and level and represent a good faith effort to provide a fair and equitable salary. This range is a reflection of base salary only, not of a total compensation package. Please note Turner & Townsend reserves the right to pay more or less than the posted range, depending on candidate’s experience and qualifications.

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.

Please find out more about us at www.turnerandtownsend.com/

 

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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. 

Average salary estimate

$142500 / YEARLY (est.)
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$135000K
$150000K

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What You Should Know About Senior Cost Manager – Construction Management, Turner and Townsend

Are you ready to make a significant impact on exciting tech projects? Turner & Townsend is on the lookout for an experienced Senior Cost Manager to join our San Francisco Bay Area team in Redwood City, CA. As a Senior Cost Manager with us, you will work closely with a leading tech client, overseeing both groundbreaking new development projects and the refurbishment of existing facilities for their corporate campus. This role is perfect for a proactive individual who thrives in a dynamic, client-centric environment. In this position, you’ll take the lead in managing critical aspects of cost control, financial forecasting, and budgeting, ensuring every dollar spent aligns with our high standards of quality and client expectations. Your expertise in post-contract management will shine as you monitor project expenditures, manage procurement processes, and implement change strategies with ease. We’re looking for someone who can navigate the complexities of large-scale construction initiatives, effectively communicating with all stakeholders from project managers to engineers. If you’re detail-oriented, possess strong negotiation skills, and have experience managing multiple projects while maintaining financial transparency, this is your chance to elevate your career with Turner & Townsend. We offer a collaborative and inclusive culture, where innovation and client satisfaction are at the forefront of everything we do. Join us in delivering transformational outcomes that matter, and see how your expertise can contribute to some of the most exciting projects worldwide!

Frequently Asked Questions (FAQs) for Senior Cost Manager – Construction Management Role at Turner and Townsend
What are the key responsibilities of a Senior Cost Manager at Turner & Townsend?

As a Senior Cost Manager at Turner & Townsend, your responsibilities encompass leading the post-contract phase of both new development and refurbishment projects. You will monitor project costs, manage project changes, oversee cost estimates and budgets, and ensure financial control throughout the project lifecycle. Additionally, you'll be responsible for procurement processes, maintaining accurate project cost records, and communicating effectively with stakeholders.

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What qualifications are needed for the Senior Cost Manager role at Turner & Townsend?

To qualify for the Senior Cost Manager role at Turner & Townsend, candidates should possess a degree in Quantity Surveying, Construction Management, Engineering, or a related field. Professional certifications like MRICS or AACE are advantageous. Additionally, a minimum of 7 years of relevant experience in construction cost management, particularly in post-contract and change management, is essential.

Join Rise to see the full answer
How does Turner & Townsend support the career growth of Senior Cost Managers?

Turner & Townsend is committed to the professional development of its employees, including Senior Cost Managers. The company fosters a collaborative environment that encourages learning and growth through mentorship, training programs, and opportunities to work on diverse projects. You will be actively involved in mentoring junior cost managers, which enhances your leadership skills while contributing to the team's overall performance.

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Can you describe the work culture at Turner & Townsend for Senior Cost Managers?

The work culture at Turner & Townsend is dynamic, inclusive, and client-focused. Senior Cost Managers enjoy a supportive environment that values innovation and integrity while working on exciting projects worldwide. Employees are encouraged to share their ideas and perspectives to foster a collaborative workplace that prioritizes both professional success and personal well-being.

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What are the expected salary and benefits for a Senior Cost Manager at Turner & Townsend?

The salary range for a Senior Cost Manager at Turner & Townsend is competitive, ranging from $135K to $150K per year, depending on experience and qualifications. In addition to a strong base salary, employees enjoy a comprehensive benefits package that promotes work-life balance, including flexible working arrangements and opportunities for career development.

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Common Interview Questions for Senior Cost Manager – Construction Management
What experience do you have in post-contract management as a Senior Cost Manager?

In answering this question, highlight specific projects you've worked on, detailing your role in managing costs, overseeing budget compliance, and handling change orders. Mention any successful strategies you've implemented to mitigate cost overruns and enhance financial efficiency.

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How do you approach cost forecasting and budgeting for construction projects?

Discuss your methodology for creating accurate cost forecasts and budgets, including the tools and software you use. Share examples of how you've successfully predicted financial needs and maintained budget adherence, addressing any challenges you faced and how you overcame them.

Join Rise to see the full answer
Can you give an example of a challenging project change you managed?

When responding to this question, describe a specific situation where you navigated a major project change, detailing your process for assessing its impact on costs and schedules. Highlight your communication with stakeholders and how you implemented the change while keeping the project on track.

Join Rise to see the full answer
What strategies do you use to manage procurement processes effectively?

Outline your approach to procurement, including your experience in preparing tender documents, negotiating contracts, and evaluating supplier performance. Give examples of successful collaborations that resulted in value for money and high-quality outcomes.

Join Rise to see the full answer
How do you ensure compliance with contractual terms and conditions in your work?

Discuss your method for monitoring adherence to contractual terms, highlighting your attention to detail in managing claims and variations. Provide an example of how you've successfully resolved a contractual dispute while maintaining project goals.

Join Rise to see the full answer
What role does communication play in your effectiveness as a Senior Cost Manager?

Emphasize the importance of clear communication in your role, explaining how you keep all stakeholders informed about cost risks, project status, and changes. Share examples of how effective communication fostered collaboration and facilitated smoother project execution.

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How do you handle project cost risks and identify opportunities for cost savings?

Describe your process for risk assessment throughout the project lifecycle. Share how you identify potential cost-saving opportunities and implement strategies to enhance cost performance, possibly mentioning any tools or frameworks you utilize.

Join Rise to see the full answer
Can you discuss your experience mentoring junior cost managers?

When answering this question, highlight your mentoring approach, detailing how you guide junior team members in cost management practices and project complexities. Share specific success stories where your mentorship led to growth for your mentees.

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How do you manage multiple projects while ensuring financial health?

Outline your organizational strategies, including prioritization and project tracking methods. Discuss any software or tools you use to keep projects financially tracked and address any issues promptly.

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What is your understanding of current trends in construction cost management?

Demonstrate your industry knowledge by discussing current trends such as sustainability, technology in construction, or shifts in procurement practices. Mention how you stay informed and adapt your practices to leverage these trends for project success.

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At Turner & Townsend you’ll join an ambitious global team committed to making a difference to the most exciting projects and programmes happening around the world. If you bring your talent, enthusiasm and determination, we’ll help you realise you...

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DATE POSTED
December 17, 2024

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