Senior Cost Manager – Commercial Real Estate Construction

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Turner & Townsend

WebsiteLinkedInAll Job Openings

10,000+ employees

🏗️ Construction

💼 Consulting

🏠 Real Estate

Construction • Consulting • Real Estate

Turner & Townsend is a global consultancy business that serves clients in the real estate, infrastructure, and natural resources sectors. With a commitment to building trust between clients, suppliers, governments, and society, they focus on delivering better outcomes that positively impact the world. Their specialities include programme strategy and setup, programme management, cost and commercial management, project management, procurement, safety, health and quality, controls and performance, technology and data, and advisory services. With 75 years of experience, Turner & Townsend aims to transform performance for a greener, more inclusive, and productive world.

📋 Description

• Act as the key day-to-day client interface for commercial real estate and construction projects • Provide leadership and direction while promoting Turner & Townsend’s purpose, values, and vision • Estimate and negotiate change orders throughout the construction lifecycle • Provide estimating, cost planning, budget management, and final cost plan services • Review and validate cost estimates with design teams, contractors, and project stakeholders • Support cost management across office, retail, industrial, mixed-use, multifamily, hospitality, and other development projects • Reconcile changes and ensure cost and budget data aligns with project objectives • Gather project status information and prepare cost estimate updates • Prepare contractor submission analyses, executive summaries, budget reviews, and commercial recommendations • Coordinate contractor pricing, subcontractor bids, consultant estimates, market benchmarks, and quantity take-offs • Drive engineering and design priorities based on cost impact and budget objectives • Resolve cost and scheduling issues proactively with minimal supervision • Manage cost checks, valuations, cost audits, draw reviews, and financial monitoring • Manage change control, cost variance, contingency, commitments, forecasts, and funding requirements • Prepare funding presentations and coordinate value engineering sessions • Develop and update cost plans and estimates at key design milestones • Review pricing and lead contractor and subcontractor negotiations • Produce monthly cost reports covering budget performance, cost variance, contingency, and forecast final costs • Negotiate and agree final accounts • Compile built-cost and benchmarking records • Coach and mentor talent • Track commission margins, fee/resource forecasts, and financial performance using internal software • Maintain internal business management systems and delivery methodologies • Adhere to applicable SOX control responsibilities

🎯 Requirements

• Bachelor's degree in Construction Management, Cost Management, Quantity Surveying, Engineering, Real Estate, or a related construction field • Minimum 5–7 years of relevant experience in cost management, quantity surveying, or construction cost control • Experience leading cost management services on medium- to large-scale commercial real estate and construction projects of moderate to high complexity • Experience supporting owner-side project delivery, capital projects, project monitoring, construction lending support, cost verification, draw reviews, or financial oversight is a plus • Construction consultancy experience is strongly preferred • RICS accreditation or progress toward accreditation is preferred • Good knowledge of construction industry technical matters, procurement strategies, value management, value engineering, budgeting, and cost controls • Strong understanding of project financial management, change management, cost forecasting, and reporting processes • Excellent communication, stakeholder management, and client-facing skills • Ability to work independently and collaboratively • Ability to work in a client-facing environment • Ability to comply with applicable SOX controls

🏖️ Benefits

• Employees may be eligible for bonuses • Comprehensive benefits package • Flexible working environment • Work-life balance support • Equal opportunity and inclusive environment