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Senior Cost Manager - job 1 of 2

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 46 countries, we make the difference to projects across the real estate, infrastructure 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 are engaged to support our clients with many complex projects, and responsible for all aspects of cost management and project delivery. We are seeking a Senior Cost Manager with experience working on large-scale construction projects, to act as the day-to-day interface with our clients and drive these projects to achieve excellent outcomes.  

  • Provide estimates and cost planning to include producing and presenting the final cost plan. 
  • Review and participate with the design services team and construction manager in the development of the cost estimates. 
  • Communicate or meet with construction manager and owner project manager to gather status information to prepare a cost estimate update. 
  • Coordinate all sources of cost information for cost discussions. 
  • Manage and tracking contracts increases cost and reason for change. 
  • Manage the Workstream budget and ensure compliance with Client processes. 
  • Develop understanding of the Client Work Breakdown Structure. Manage and monitor custom WBS structure within the Client Cost Report Spreadsheet. 
  • Utilize the existing Client templates to maintain a project forecast (commitments, actual cash flow and forecast); interface with vendors and Client site personnel to understand invoicing schedules. 
  • Use existing Client SAP reports as a tool to gather data for cost reporting (actuals and commitments). 
  • Provide monthly/quarterly reports for management team, such as a monthly variance cash flow report. 
  • Maintain Change Management and Maintenance of Risk Tracking Tools within the Excel Spreadsheet or alternate reporting tool. 
  • Reconcile changes and assist the construction manager to ensure that their data is accurate. 
  • Estimating and negotiating change orders throughout the construction lifecycle. 
  • Participate effectively with post contract cost variances and the change control processes. 
  • Update the project cash flow in the Client custom database - Capital Planning System (CAPS) for your Workstreams. 
  • Review vendor & General Contractors invoices/pay applications as required. 
  • Establish monthly project metrics and create presentations for your Workstreams. 
  • Perform Monthly Risk Analysis and integrate risks into the project forecast. 
  • Support tracking of internal Client labor charges in US & outside US (OUS) locations as applicable. 
  • Develop and implement work processes and procedures as required. 
  • Prepare written comments on all the construction manager’s submissions. 
  • Manage Cost impact / contingency management and commitment tracking logs to drive accurate monthly reporting. 
  • Prepare funding data presentations. 
  • Prepare monthly time phase forecasting updates and ensure accuracy of said forecasts. 
  • Prepare monthly project status report for the stakeholders. 

Pre-Contract 

  • Developing estimates through the design phase, delivering updated cost plans at appropriate design milestones. 
  • Providing commercial input to design optioneering and input into value engineering exercises. 
  • Reviewing contractor and subcontractor pricing and leading negotiations on behalf of the client to drive fair contract prices. 

Post-Contract 

  • Performing quantity surveying, cost controls and change management activities throughout the project lifecycle. 
  • Ensuring that post-contract cost variances and change control processes are managed effectively. 
  • Ensuring that cost auditing and valuation work is managed effectively. 
  • Prepare monthly time phase forecasting updates. 
  • Prepare monthly project status report for the stakeholders. 
  • Ensuring that final accounts are negotiated and agreed in a timely manner. 

Qualifications

 

  • Prefer locally based, however can consider relocation.
  • Requirement 5 days a week on site with potential to reduce to circa 3-4 days a week once project set up etc. and with agreement of client.
  • Bachelor’s degree in construction management, cost management, quantity surveying, engineering or field related to construction. (preferably Engineering, Architecture, Construction Management or related field). 
  • Minimum 8+ years’ experience working in a construction cost management role. 
  • RICS accredited or working towards is valuable but not required. 
  • Experience of leading cost management on medium or large sized construction projects of medium to high complexity. 
  • Good knowledge of construction industry technical matters, such as different procurement routes, value management and value engineering. 
  • Direct experience working on teams within a complex matrix environment. 
  • Can undertake the role of cost lead for a portfolio of 20-50 projects and manage a team of 5+ and be main client contact. 
  • Experience in cost controls on largescale projects over $10million desirable. 
  • Experience undertaking earned value management and value of work done reconciliation. 
  • Experience of using cost controls and estimating software highly desirable. 
  • Experience within the construction industry is a must.

Additional Information

 

*On-site presence and requirements may change depending on our client's needs* 

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/ 

Turner & Townsend does not accept any speculative or unsolicited CV’s that have been sent to our internal recruitment team or hiring managers from agencies outside of our preferred supplier list or that have not followed due process. Any speculative or unsolicited CV’s will be treated as a direct application. 

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. 

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

At Turner & Townsend, based in Kansas City, KS, we're on the lookout for an experienced Senior Cost Manager to join our incredible team! If you have a knack for large-scale construction projects and love managing costs, this is the perfect opportunity for you. In this dynamic role, you will be the day-to-day interface with our clients, helping ensure that every project is not just on budget but also meets the high expectations that our clients have come to trust. You’ll work closely with a talented design services team and will be responsible for delivering accurate estimates and comprehensive cost planning. You'll actively engage in tracking contracts, managing budgets, and preparing insightful monthly project updates. Plus, getting involved in pre-contract negotiations and ongoing value management initiatives will keep your work both exciting and impactful. Think about the fantastic projects you’ll contribute to while working in a company that values innovation and collaboration! Your expertise in construction cost management and excellent interpersonal skills will shine as you lead more than 20 concurrent projects, ensuring accurate reporting and forecasting. At Turner & Townsend, we believe in supporting our people to achieve a positive work-life balance, and we are committed to nurturing an inclusive work environment. Come join us and make a difference in the construction industry!

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

As a Senior Cost Manager at Turner & Townsend, you will oversee all aspects of cost management throughout the lifecycle of construction projects. Your responsibilities will include providing detailed cost estimates, managing budgets, leading negotiations during the pre-contract phase, and ensuring efficient change management processes. Additionally, you'll coordinate with various stakeholders, produce monthly cash flow reports, and maintain vital project metrics to drive project success.

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

To be considered for the Senior Cost Manager position at Turner & Townsend, you should have a Bachelor’s degree in construction management, cost management, quantity surveying, or a related engineering field. Minimum requirements include at least 8 years of experience in construction cost management, specifically on medium to large projects. Optimal candidates will also have a good understanding of various procurement routes and value engineering processes.

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What experience is helpful for becoming a Senior Cost Manager at Turner & Townsend?

Experience in leading cost management for large-scale construction projects exceeding $10 million is highly beneficial for anyone looking to become a Senior Cost Manager at Turner & Townsend. Familiarity with cost control software and techniques like earned value management will also enhance your candidacy. Additionally, an understanding of construction industry technical matters will be vital in navigating the complexities of the projects you'll manage.

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What is the company culture like at Turner & Townsend for a Senior Cost Manager?

Turner & Townsend fosters a dynamic and inclusive company culture that promotes innovation, collaboration, and integrity. As a Senior Cost Manager, you'll be part of a team that values proactive engagement and supports your professional growth. With an emphasis on work-life balance, you’ll enjoy a healthy and constructive work environment while working on exciting projects in a global setting.

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How does Turner & Townsend support the development of its Senior Cost Managers?

At Turner & Townsend, ongoing professional development is a key priority. Senior Cost Managers benefit from various training opportunities, mentorship programs, and industry resources to stay current with best practices in project cost management. The company encourages involvement in professional organizations and supports employees in pursuing relevant certifications to further enhance their skills and career advancement.

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Common Interview Questions for Senior Cost Manager
How do you approach cost estimating for large-scale projects?

When estimating costs for large-scale projects, I follow a systematic process that begins with a thorough understanding of project specifications and client needs. I gather historical data from similar projects, consult with the design team, and analyze market conditions to produce accurate estimates. Engaging stakeholders early in the process ensures that all factors are considered, leading to more reliable budget forecasts.

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Describe how you manage project budgets in a dynamic environment.

Managing project budgets effectively in a dynamic environment requires constant monitoring and adaptability. I utilize advanced tracking and reporting tools to assess current expenditures against the budget regularly. By maintaining open communication with project stakeholders, I can quickly identify potential issues, allowing for timely adjustments and keeping projects aligned with financial goals.

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Can you explain your experience with change order management?

Throughout my career, I have successfully managed change orders by implementing rigorous tracking processes and ensuring clear documentation. I engage with clients and contractors to discuss potential changes and assess their impact on costs and timelines. By maintaining transparency and proactive communication, I ensure that all parties are aligned, which helps facilitate smoother approvals and reduces disruptions.

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How do you ensure accuracy in financial reporting?

Accuracy in financial reporting is critical, and I achieve it through consistent data validation and a structured reporting framework. I regularly review financial documents, conduct audits, and reconcile discrepancies promptly. Additionally, collaborating with other departments ensures that the financial data reflects the latest project developments, enabling informed decision-making.

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What role does risk management play in your cost management strategy?

Risk management is integral to my cost management strategy. I proactively identify potential risks at each project stage and evaluate their financial impact. By integrating risk analysis into budgeting and forecasting processes, I can create contingency plans that mitigate risks, ensuring projects remain on track even when unexpected challenges arise.

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How do you prioritize tasks when managing multiple projects?

When managing multiple projects, prioritization is key. I utilize project management tools to track deadlines and deliverables, allowing me to allocate time and resources effectively. I assess each project's urgency and impact, focusing on high-priority tasks while ensuring that lower-priority items are not neglected. Regular check-ins with teams also help me stay informed about progress and adjust priorities as needed.

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What software tools are you proficient in for cost management?

I am proficient in several software tools for cost management, including SAP, Procore, and various cost control and estimating platforms. These tools enable me to manage budgets, generate reports, and track project performance effectively. I stay updated on emerging technologies to further enhance my efficiency and streamline workflows.

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Explain how you handle conflicts with stakeholders regarding budget issues.

Handling conflicts with stakeholders regarding budget issues requires diplomacy and clear communication. I approach these situations by actively listening to their concerns and providing transparent data to support my position. By focusing on common goals and working collaboratively to find mutually acceptable solutions, I aim to maintain positive relationships while ensuring project integrity.

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What methods do you use for effective project forecasting?

Effective project forecasting relies on historical data analysis and trend identification. I use established project metrics to predict future budget needs, taking into account variables such as market fluctuations and resource availability. Regularly revisiting forecasts and adjusting them based on real-time project outcomes helps ensure consistency and prepares us for any changes.

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How do you ensure compliance with client processes in your role?

Ensuring compliance with client processes starts with in-depth knowledge of their specific requirements and guidelines. I communicate regularly with clients to clarify expectations and provide updates on project status. Implementing systematic checks and balances throughout the project's lifecycle allows me to adhere to compliance standards while delivering on budget and on time.

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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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Full-time, on-site
DATE POSTED
January 11, 2025

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