Cost Consultant (Project Monitoring), Buildings | Consultancy | Vancouver / Edmonton / Toronto [...]

Outpost Recruitment; Old Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join a leading cost consulting and project management firm as a Cost Consultant, where you'll play a pivotal role in ensuring project success. This exciting opportunity involves reviewing project documentation, managing budgets, and acting as the key interface between lenders and developers. With a focus on delivering pre-development services and tracking project progress, you will be integral in minimizing risks and ensuring compliance. The firm offers a dynamic work environment and a competitive salary package, making this a fantastic opportunity for professionals passionate about the construction industry and project management.

Benefits

Comprehensive benefits package

Competitive salary

Professional development opportunities

Qualifications

• 1-5 years of experience in loan/project monitoring required.
• Strong understanding of RICS Project Monitoring guidelines necessary.

Responsibilities

• Review and verify project-related documentation and contracts.
• Prepare and track budgets, commitments, and costs incurred.

Skills

Communication Skills

Time Management

Construction Estimates Understanding

Project Monitoring

Knowledge of Provincial Lien Act

Education

Bachelor’s Degree in Construction Management

Bachelor’s Degree in Quantity Surveying

Bachelor’s Degree in Civil/Structural Engineering

Bachelor’s Degree in Building Science

Tools

Project Management Software

Construction Estimation Tools

Job description

Leading cost consulting and project management firm has an immediate opening for a Cost Consultant in Vancouver, Edmonton and Toronto. Working with the loan monitoring team, the Cost Consultant will review and verify all project-related documentation and contracts, prepare and track all budgets, commitments and costs incurred, and forecast an independent cost-to-complete for the project. Outpost Recruitment is excited to work with our client on this full-time permanent role. Salary $80,000-120,000. The Cost Consultant will be responsible for acting as the independent interface between lenders and developers. The Cost Consultant will also track the projected revenues, development approvals, compliance documentation, construction contracts and committed revenue, and provide in‐depth monthly reporting on the project until completion and repayment of the mortgage.

Key Responsibilities of Cost Consultant:

• Visit construction sites on a monthly basis to review the contractor and subcontractor progress claims
• Deliver pre-development services to establish feasibility of the project and identify any risks
• Cost Consultant provides a review of development schedule, such as overall progress of the project and anticipated completion dates to the lender
• Establish and track project budget, along with cost to date and cost to complete
• Develop cash flow projections and summaries
• Confirm borrower’s equity contribution
• Prepare and submit preliminary report to the lender before any loan advances are issued to the borrower
• Review construction contracts and other forms of commitments to minimize any risks of completion of the project
• Provide approvals on insured deposit advances and keeping the insurance lender up to date and provide access to the funds
• Process payment certification under construction contracts in compliance with the Provincial Lien Act
• Perform reviews of all material financial project documentation implications

Experience of Cost Consultant

• Bachelor’s Degree in Construction Management, Quantity Surveying, Civil/Structural Engineering, Building Science or in a related field
• 1-5 years of related experience in loan monitoring / project monitoring
• Strong understanding of RICS Project Monitoring guidelines and standards
• Superior communication and time management skills, along with the ability to manage multiple projects at any given time
• Intermediate level of understanding of construction estimates, development schedules
• In-depth knowledge of the construction industry - development, contracting & consultant services
• Working knowledge of the Provincial Lien Act and CIQS standard method of measurement – elemental/trade
• Strong understanding of standard contract conditions – CCDC
• Working towards LEED, RICS/PQS certification is an asset

Only candidates with authorization to work in Canada will be considered.

Compensation

Dependent on experience and education. The client is a progressive company offering employees a competitive salary and comprehensive benefits package.