Senior Cost Manager

Role Overview and Responsibilities

• Serve as the primary liaison for all cost management concerns on behalf of the Client or their Representative.
• Supervise cost control services delivered by external Consultants, ensuring adherence to budgets and agreed procedures.
• Identify and communicate any cost-related issues or risks not previously incorporated into estimates or reports.
• Ensure that the Consultant(s) prepare precise budgets, cost plans, estimates, forecasts, and comparative reports.
• Advise the Client regarding impacts of scope alterations on schedules and costs based on Consultant feedback.
• Formulate and implement a cost strategy aimed at mitigating risks and reducing financial exposure throughout project execution.
• Organize and lead regular cost review meetings, documenting clear minutes and tracking follow-up actions.
• Manage responses to cost-related inquiries during the tendering process and contribute to the creation of tender addenda.
• Assist the Client in both commercial and technical evaluations of tenders, prepare financial evaluation reports, and engage in clarification meetings.
• Oversee contract administration tasks such as payment certification, variation assessments, and agreement of final accounts.
• Facilitate amicable resolution of disputes among Client, Contractors, and Consultants to avoid litigation or arbitration.
• Monitor expenditures and update budgets accordingly, providing routine cost reports including cash flow forecasts and cost-to-complete projections.
• Conduct final account negotiations and achieve financial closure in compliance with contract terms.
• Provide advice on cost risk management and budget performance, offering early warnings when necessary.

Qualifications and Experience

• Bachelor’s degree in Quantity Surveying, Cost Engineering, or an allied field.
• At least 10 years of experience in Cost Management roles.
• Prior involvement in Cost Management consultancy environments is required.
• Comprehensive experience in both pre-contract and post-contract cost management processes.
• In-depth understanding of construction contract administration and tender procedures.
• Demonstrated capability to manage and coordinate cost activities on large-scale projects.
• Strong communication, reporting, and negotiation abilities.
• Ability to collaborate effectively with multidisciplinary teams and various stakeholders.
• Preferred membership in professional institutions such as RICS, SEC, or AIQS.
• Proficiency in Microsoft Office suite and cost management software tools.