Cost Manager- MEP

CBRE; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

CBRE Project Management seeks an experienced Cost Manager to support a global financial services client. You will drive pre-construction cost management, influence project outcomes, and provide commercial oversight from feasibility through close-out.

Based in London, you will lead budgeting, value engineering, procurement, and cost reporting across a diverse portfolio of workplace and corporate real estate projects. This is a client-facing, high-performing role within CBRE.

Qualifications

• Bachelor's degree preferred with 5 years of relevant experience.
• Experience in pre-construction cost management and MEP projects is advantageous.
• Strong analytical and communication skills with client-facing experience.

Responsibilities

• Provide commercial input into the Corporate Services Capital Plan (CSCP) for MEP asset replacement.
• Produce high level budgets and ROIs using market knowledge for client approval.
• Lead value management and value engineering to align design with budget.
• Manage procurement of project team and review proposals with client recommendations.
• Produce PO/TOs and review invoices to meet KPI timescales.
• Generate monthly cost reports and oversee cost reporting systems.

Skills

Cost management

Budgeting

Stakeholder engagement

Analytical thinking

Problem solving

Education

Bachelor's degree

Tools

MS Office

Job description

About The Role

CBRE Project Management is seeking an experienced Cost Manager to join our team supporting one of our largest global financial services clients. Working as part of a dedicated account team, you will play a key role in delivering strategic cost management across a diverse portfolio of projects. This is a client-facing position with a strong emphasis on pre-construction cost management, partnering closely with project managers, designers, consultants and stakeholders to influence project outcomes from the earliest stages. Whilst the role is heavily front-end focused, you will remain involved throughout the full project lifecycle, providing commercial oversight from initial feasibility through to project close-out. This is an excellent opportunity to work within a collaborative, high-performing team on complex workplace and corporate real estate projects across a prestigious global banking portfolio.

Pre-Construction

• Provide commercial input into the \"Corporate Services Capital Plan\" (CSCP) for the MEP Asset Replacement across their EMEA Portfolio for the next 5 years


• Produce high level Rough Order of Magnitude budgets using market knowledge and scope provided by CBRE Engineering Team for approval by the client


• Implement Value Management and Value Engineering process' to ensure design is aligning to budge


• Support the project approval process by engaging with the client's finance team to calculate the P&L to determine financially viability


• Lead procurement of project team (Architect, PM, CM, Engineer) and use the in-house procurement system to issue and review RFP's. Following analysis of the submissions, provide a recommendation to the client.


• Produce Purchase Order and Task Order's for Consultants and General Contractors against existing Framework Agreements liasing with internal stakeholders to ensure compliance and timely approval


• Ad Hoc MEP Support – i.e budgetary advice for cost estimates, producing tender packs as well as reviewing tender returns for MEP specifically

Post Construction

• Support the Scope Revision process when a material change in Scope is required


• Produce monthly client cost reports using information provided by local cost consultant for presentation to client


• Utilising 'In House' cost reporting system to oversee projects (including change management), ensuring these align with the monthly client cost report


• Review and manage variations


• Review and approve invoices ensuring these are completed in accordance with CBRE's account KPI timescales


• Project Final Account and Close Out within KPI dates to ensure compliance with CBRE's account KPI timescales


• Collate benchmarking information from previous projects to support future Stay v Go Strategies


• Ad Hoc MEP Support – i.e. reviewing variations and budgeting for potential Scope Revisions

What You'll Need

• Bachelor's Degree preferred with 5 years of relevant experience. In lieu of a degree, a combination of experience and education will be considered.


• At least 3 years of MEP experience


• Ability to exercise judgment based on the analysis of multiple sources of information.


• Willingness to take a new perspective on existing solutions.


• In-depth knowledge of Microsoft Office products. Examples include Word, Excel, Outlook, etc.


• Organizational skills with an advanced inquisitive mindset.


• Sophisticated math skills. Ability to calculate mildly complex figures such as percentages, fractions, and other financial-related calculations.

Disclaimer

Please be advised that effective January 1, 2025, CBRE Project Management and Turner &Townsend were consolidated into a single global business entity. As a candidate applying for a position, you should be aware that while your initial employment may be with CBRE GWS, you will subsequently transfer directly to Turner & Townsend at a date to be determined.