Sr Cost Manager

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The purpose of this position is to manage the cost and

prepare estimates and change orders on multi-disciplined real estate and

construction projects with direct accountability for cost management delivery.

ESSENTIAL

DUTIES AND RESPONSIBILITIES

Manages all facets of cost management (budget, schedule,

procurement, quality & risk) for individual real estate projects throughout

planning, design, construction, occupancy, and closeout.

Produce concept level estimates to aid feasibility studies

and assist with business cases, leveraging a range of information from simple

internal benchmarking to detailed market data and estimates taken from drawings

and specifications. Issue recommendations for the application of a estimator to

produce costing of greater detail; incorporate estimator into project team -

manage performance of estimating tasks/deliverables.

Evaluate project scope and client needs to develop and

present recommended budgets for necessary pre-bid and pre-construction cost

estimating and cost planning services. Partner with project team to source and

oversee the pre-bid and pre-construction services associated with the

development of a project budget and cost plan.

Lead the administration associated with funding all project

work, including creation of funding documents in use by the client (such as

purchase orders or Capital funding requests). Work with client and Project

Manager to ensure compliance with these systems; promote proactive

creation/submission of all necessary funding documents to ensure all project

work is funded in compliance with Client's internal funding policies.

Support project manager and leasing team to estimate costs

associated with the lease (upfit, abatement, reinstatement, etc.) to optimize

landlord contribution/tenant improvement allowances on behalf of the Client.

Ensure contracts with project team (designers, contractors) include language

aligned with lease requirements for the solicitation of all landlord

contributions.

Support project manager team in the implementation of all

project procurement in accordance with CBRE corporate policies and guidelines;

make recommendations on the project procurement strategy. Lead the analysis of

bid/tender responses, leveling all responses and organizing the data into a

concise yet thorough report for presentation to the Client. Include

recommendations for items such as allowances, contingencies, and reserves.

Create and manage a detailed cost plan; produce and maintain

detailed cost reports on a regular basis and present these reports to the

Client. Align cost plan with project master schedule; provide cost guidance and

direction to achieve cost goals with scope/schedule. Establish strategy to

manage cash flows and project accruals and report progress in a manner

consistent with CBRE policy yet flexible to adapt to client's needs/systems.

Promote Value Engineering (VE) as a continual process to be

implemented throughout the duration of the project and where necessary lead (or

support if lead by Project Manager) Value engineering workshops, exercises and

provide ideas and initiatives to add value. Act as a resource for implementing

best practices to optimize the outcome of all VE efforts including tools,

reports and goals - track/report progress against cost savings and value to fee

targets.

Reconcile all estimates and change orders; scrutinize,

analyze and perform due diligence on all change orders; lead reconciliation

meetings with General Contractors, Construction Managers and third party

consultancies. Update cost plan/report accordingly and advise project team of

cost risk mitigation strategies required to main cost compliance; advise

project team and Client of high risk cost issues.

Assist the Client and design team with life cycle costing of

LEED/sustainability initiatives (as appropriate).

Review all invoices against cost plan; provide valuation

services and signoff to project team (subject to CBRE approval limits) in

collaboration with team members charged with validation work has been completed

to required scope and level of quality.

Review and approve all requests to apply costs toward

allowances, contingencies and reserves; update cost plan accordingly.

Support cost/budget aspects of the project closeout;

negotiate, agree and settle final accounts and close-out statements. Issue

release of all withholdings/retainage (subject to CBRE approval limits); close

all funding approvals in accounting systems (purchase orders).

Capture project costs for contribution to CBRE cost

benchmarking/estimating databases and tools.

Facilitate and oversee the administration of tasks required

by the lease to collect landlord contributions/tenant improvement allowances.

Manages 3rd party project delivery resources/team.

Responsible for identifying training needs, tracking performance, coaching, and

motivating team members.

Other duties as assigned.

SUPERVISORY RESPONSIBILITIES

No formal supervisory responsibilities in this position.

Provides informal assistance such as technical guidance, and/or training to

coworkers. May lead cost teams and/or plan, and supervise assignments of lower

level employees.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each

essential duty satisfactorily. The requirements listed below are representative

of the knowledge, skill, and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities

to perform the essential functions.

EDUCATION and EXPERIENCE

Bachelor's degree (BA/BS/BEng/BArch) from College or University in a technical

area of study.

Minimum 5 years of related experience and/or training.

Experience estimating

construction projects is strongly preferred

COMMUNICATION SKILLS

Excellent written and verbal communication skills. Strong organizational and

analytical skills. Ability to provide efficient, timely, reliable and courteous

service to customers. Ability to effectively present information.

FINANCIAL KNOWLEDGE

Requires general knowledge of financial terms and principles. Ability to

calculate intermediate figures such as percentages, discounts, and commissions.

Conducts advanced financial analysis.

REASONING ABILITY

Ability to comprehend, analyze, and interpret complex documents. Ability to

solve problems involving several options in situations. Requires advanced

analytical and quantitative skills.

OTHER SKILLS and ABILITIES

Advanced skills with Microsoft Office Suite. Working knowledge in MS Project is

helpful. Knowledge with estimating software such as OST preferred. Ability to

read and understand architectural drawings. Knowledge of leases, contracts, and

construction practices preferred.

US Company Profile

About CBRE (NYSE: CBRE): At CBRE, you are empowered to take your career path into your own hands. Enjoy workplace flexibility in a global organization with tremendous scale. Work in an inclusive and collaborative environment with supportive teammates. Come experience the employee advantage at CBRE.

CBRE has a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

As a Fortune 500 worldwide leader in real estate services, CBRE’s more than 90,000 professionals provide exceptional outcomes for clients in over approximately 480 offices worldwide.  When it comes to real estate, CBRE sees potential everywhere. We turn scale into strength, expense into performance, and property into prosperity. Visit cbre.us.

Company info

Inspection & Valuation International, Inc.
Website : http://www.ivi-intl.com/