About the Company
Job Description
This client facing consultancy have a Cost Manager position available in London. The Cost Manager will manage and control multiple project costs to ensure financial efficiency and cost-effectiveness throughout the construction process. This role involves monitoring expenditures and identifying cost-saving opportunities. The Cost Manager collaborates with project teams, contractors and clients to align financial planning with project objectives, ensuring projects are delivered within budget while maintaining quality standards.
Key Responsibilities:
To use various digital measurement tools to quantify works during site visits and from drawings for use in cost plans and contractor submission reviews.
To provide pre-contract cost management services to clients including cost planning, procurement, tendering and value engineering advice.
To provide post-contract cost management services to clients including conducting valuations, issuing Joint Contracts Tribunal (JCT) and New Engineering Contract (NEC) contract notices, and managing contract practices.
To gather and analyse quotations, prepare cost comparisons, and support procurement processes.
To develop project budgets, taking account of any client budgetary constraints and requirements and providing cost-effective solutions where possible.
To identify and mitigate any potential risks that may impact project costs.
To prepare regular cost reports including invoices, purchase orders, updates and forecasts for clients, ensuring transparency and accountability throughout the project.
To complete financial reports and due diligence assessments.
To maintain cost-related documentation, including invoices, purchase orders, and contracts.
To manage project variations, ensuring changes are costed, approved, and incorporated into financial controls.
To draft post-contract documentation, including Payment Notices, Final Account Statements, and Instructions.
To lead site progress meetings
To attend site visits for valuation and account purposes.
To attend regular team meetings.
To attend business conferences and networking events as and when required.
To seek guidance from senior colleagues as and when required.
To receive and act on constructive feedback to improve performance and skills.
To engage in training sessions, development activities, and Continuing Professional Development (CPD) initiatives.
To maintain up to date knowledge of industry trends, regulations, and best practices within the field.
To offer guidance and support to junior staff members as and when required.
To comply with internal policies and procedures.
The above provides the general nature of work performed in this role and is not intended to be an exhaustive list of duties.
Key Results / Objectives:
To provide both pre-contract and post-contract advice to clients with limited assistance and support from senior members of the team.
To ensure clients always receive excellent service and projects are completed to a high standard and within budget.
Requirements
Experience and qualifications
Essential Criteria
Educated to degree level in a relevant discipline or equivalent level of knowledge gained by practical work experience.
Experience of working in a client facing role.
Experience of working in the construction and property industry.
Experience of working with measurement software Matterport and CostX.
Full UK driving license.
Desirable Criteria
MRICS/NECReg qualified.
Experience of working with Autodesk Design Review and Site Audit Pro.
Skills & Abilities
Essential Criteria
Ability to communicate clearly and effectively across all levels of the organisation and with external stakeholders, ensuring alignment and understanding.
Ability to build relationships, work collaboratively with others, and foster a positive, cooperative work environment.
Ability to identify, assess, and mitigate risks.
Good commercial project management abilities, ensuring projects are delivered on time, within scope and to budget.
Ability to influence key stakeholders and negotiate effectively.
Ability to identify opportunities for process improvement.
Ability to understand the administration of building contracts.
Strong measurement and cost planning skills.
Good presentation skills.
Comfortable leading meetings with internal and external stakeholders.
Ability to work under pressure and meet tight deadlines.
Good technical attention to detail.
Strong literacy and numerical skills.
Proficient in the use of Microsoft Office, specifically Word and Excel.
Desirable Criteria
Advanced Microsoft Excel skills (formula writing).
Knowledge & Understanding
Essential Criteria
Solid understanding of the construction and property industry.
Good knowledge and understanding of building contracts and cost plans.
Basic understanding of the Building Safety Act and the amendments to the Building Regulations.
Basic understanding of Joint Contracts Tribunal (JCT) forms of contract.
Desirable Criteria
Market knowledge of the construction and property industry.
Basic understanding of the Construction (Design and Management) Regulations 2015.
New Engineering Contract (NEC) experience.