Cost Contract Manager

Transportation Investment Corporation; Vancouver; Hybrid; CAD 101,000 - 139,000; Full time

Benefits offered by this job

Hybrid work arrangement

Five weeks vacation and service-based增

Extended health and dental benefits

$1000 Health Spending Account

BC Public Sector Pension Plan

Transit subsidy program

Free travel insurance for full-time

Job summary

Transportation Investment Corporation (TI Corp) seeks a commercially focused professional to support development, management, and execution of project commercial workplans related to target cost and PA agreements. You will oversee monthly payment processes, provide expert guidance, and collaborate with internal teams to ensure accurate, timely payments.

Reporting to the Commercial Director, this 18-month contract role offers hybrid work, competitive compensation, and a pathway to professional

Qualifications

• Bachelor’s degree in project or construction management, business administration or equivalent relevant experience.
• 5–10 years of progressive experience in commercial processes on major infrastructure projects (preferably transportation projects with a target cost).
• Self-starter able to develop and implement long term workplan based on broad overarching goal without supervision.
• Strong relationship, communication, facilitation, presentation, and interpersonal skills.

Responsibilities

• Builds and refines processes around cost reimbursable payment models for Project Contractors and TI Corp.
• Provides subject matter expertise on target cost process in PA Agreement.
• Leads evaluation of monthly payment applications from Project Contractors and ensures accuracy in payment certification.
• Liaises with Project Contractor and Independent Certifier to agree monthly payment applications.
• Negotiates and resolves payment issues between Project Contractors and TI Corp.

Skills

Self-starter

Stakeholder management

Team mentorship

Cost analytics

Cost management systems

Education

Bachelor’s degree in project or construction management, business administration or equivalent relevant experience

5–10 years of progressive experience in commercial processes on major infrastructure projects

Job description

*TEMPORARY POSITION (18-MONTH CONTRACT)*

Salary Range:

The salary range for this position is$101,000 to $139,000. The final offer will be determined based on the successful candidate’s skills, experience, and internal equity considerations. Please note that the offer may fall anywhere within the posted range and is not necessarily at the top end.

About Us:

Transportation Investment Corporation (TI Corp) is a public crown corporation dedicated to delivering major infrastructure projects in British Columbia on behalf of the Ministry of Transportation and Infrastructure. With approximately $15 billion in major infrastructure developments, we are committed to upholding the highest standards of construction oversight.

Why Join Us:

At TI Corp, you’ll be part of a dynamic and innovative team driving transformative infrastructure projects that make a real difference in communities. We pride ourselves on fostering a collaborative and inclusive work culture where your ideas are valued. Enjoy competitive compensation and comprehensive benefits, along with opportunities for professional growth and development. Here, your contributions will not only shape your career but also the future of our infrastructure landscape. Join us and be a part of something impactful.

Overview:

Reporting to the Commercial Director, this position is responsible for supporting the development, management, and execution of the project commercial management workplans as they relate to Target Price and administering Project Agreements (PA) between the Owner and Project Contractor as it relates to target cost.

What We Offer:

• Vacation starts at five weeks and with an additional one day per year of service to a maximum of six weeks.
• TI Corp is dedicated to professionally growing staff and building internal capacity, through mentorship, active succession planning, learning and development financial assistance, and membership dues.
• Extended health and dental benefits plus a $1000 Health Spending Account annually.
• We are part of the BC Public Sector Pension Plan – if you join us from other Public Service or Public Sector organizations who are part of this pension plan, your pension will continue seamlessly.
• Hybrid work arrangement with the ability to work from home one day a week following an orientation period.
• Top-up allowance for maternity and parental leave.
• Free travel insurance for full-time employees.
• Transit subsidy program.

Key Accountabilities:

• Builds and refines processes around cost reimbursable payment models, both external for Project Contractors and internal to meet the performance and governance requirements of TI Corp.
• Provides subject matter expertise related to target cost process and particulars in PA Agreement to the team as required.
• Leads evaluation of monthly payment applications from Project Contractors, meets process timelines and performs evaluations to required level of validation. Ensures accuracy in payment certified.
• Liaises with Project Contractor and Independent Certifier to agree monthly payment applications.
• Negotiates and resolves payment issues as between the Project Contractors and TI Corp and escalates where appropriate.
• Develops and implements best practices and issue resolution using the experience of other TI Corp projects, external projects, professional experiences and external resources.
• Compiles and provides cost data from monthly payment valuations to Project Controls, Finance and Contract and Commercial to enable analysis, reporting and change valuation.
• Expedites monthly commercial deliverables from Project Contractor, to enable Province understanding of the Project’s financial performance.
• Conducts monthly review of constructions progress in the field and works with support from Project Controls to validate monthly performance metrics of contractor.
• Manages and guides functional reports and cost engineers to undertake monthly payment administration.
• Attends key commercial and construction meetings, both internal and external.
• Undertakes other related commercial tasks under the guidance of the Commercial & Contracts Director.
• Drafts lessons learned from projects for continuous improvement of target cost processes.
• Provides training on target cost particulars for the Commercial and Contracts team, other relevant disciplines within TI Corp, and external parties.
• Attends and contributes as appropriate to the Commercial Community of Practice.

Qualifications:

• Bachelor’s degree in project or construction management, business administration or equivalent relevant experience.
• 5 to 10 years of progressive experience in commercial processes on major infrastructure projects (preferably transportation projects with a target cost component).
• Self-starter able to develop and implement long term workplan based on broad overarching goal with-out supervision.
• Strong relationship, communication, facilitation, presentation, and interpersonal skills.
• Ability to lead, manage and mentor functional reports.
• Strong knowledge of construction cost management systems.
• Ability to undertake analytics on construction costs, identify trends and effectively report findings to senior management.
• Experienced in developing and implementing commercial processes.
• Thorough understanding of commercial, project controls and financial functions on major projects.
• Knowledge of construction pricing schedules, construction costs and payment terms.
• Ability to review contract language and commercial conditions with a view to validation of payments.
• Experienced in review and negotiation of commercial issues with Project Contractors.
• Ability to liaise/co-ordinate internal disciplines (Commercial and Contracts, Project Controls, Finance) and external experts.

Additional Requirement:

• You must be legally authorized to work in Canada.
• An offer of employment is conditional upon the completion of an acceptable current criminal record check.

Notes:

• Collection Notice: Your personal information is collected from LinkedIn by Transportation Investment Corporation (TI Corp) pursuant to 26(c), 26(e), and 27(1)(a)(i) of the Freedom of Information and Protection of Privacy Act for the purpose of TI Corp recruitment. This includes information you provide through LinkedIn, as well as information about you that is generated by LinkedIn, such as your connections to other TI Corp employees on LinkedIn, how well the skills you have identified on LinkedIn match our job requirements, and what other TI Corp jobs you have applied for on LinkedIn By proceeding, you are authorizing TI Corp to indirectly collect this information. If you have any questions about the collection of your personal information, please contact the Privacy Officer at [e-mail].