Responsibilities
- Lead cost management teams on designated client projects, ensuring full delivery against defined responsibilities.
- Engage with clients, stakeholders, and consultants throughout project lifecycles to align on scope, budget, and expected outputs.
- Identify ways to improve cost management processes by creating customized templates and workflows for team-wide use.
- Manage staffing activities, including hiring, performance reviews, and assignment of resources.
- Coach and develop team members in estimating, bid evaluation, cost forecasting, benchmarking, and data analysis.
- Monitor financial performance by tracking margin levels and forecasting monthly fees and resource needs per project.
- Build internal estimating tools tailored for real estate developments, including new builds and interior fit-outs.
- Design cost estimation and tracking systems for large-scale, multi-project construction programs.
- Oversee cost verification and conduct valuations on major construction projects.
- Ensure accurate and timely completion of cost validation and valuation procedures.
- Analyze key cost drivers such as labor, materials, and schedules using historical data and analytical tools.
- Produce detailed cost estimates, analyses, and reports using On-Screen Takeoff, Bluebeam, or Excel.
- Guide clients on value management, value engineering, and life cycle cost evaluation.
- Monitor and maintain project budgets using tools such as Excel or Procore.
- Incorporate cost considerations during planning and risk assessment to evaluate financial feasibility and risk controls.
- Collaborate with contractors and design teams to assess cost implications through value engineering studies.
- Track and report cost savings using Excel-based monitoring systems.
- Compare actual expenditures with contract values by reviewing change orders and payment records.
- Develop cost estimates for acquiring materials, equipment, and labor.
- Evaluate project costs based on current market trends and location-specific factors using real-time cost databases and regional analysis.
- Review contract terms and conditions to assess impacts on indirect costs.
- Analyze detailed drawings and specifications to understand project scope, design quality, coordination needs, and cost implications.
- Share essential project updates promptly with team members to support informed decision-making by leadership.
- Create preconstruction cost estimates by measuring quantities with takeoff software, assessing unit rates, and coordinating with design and project teams.
- Conduct benchmarking using historical project data or market pricing analysis via data tools and industry cost reports.
