MEP Cost Manager

CBRE Global Workplace Solutions (GWS); Greater London; On-site; GBP 65,000 - 90,000; Full time

Job summary

CBRE Project Management is seeking a Cost Manager to join our team supporting a major global financial services client. You will focus on pre-construction cost management, collaborating with project managers, designers, and stakeholders to shape project outcomes from feasibility through close-out.

The role requires strong MEP cost expertise, 3+ years in cost management, and proficient use of MS Office. You will be client-facing, contributing to budgeting, procurement, and monthly reporting

Qualifications

• Bachelor's Degree preferred; combination of experience and education considered in lieu of degree.
• At least 3 years of MEP experience.
• Strong analytical judgment from multiple information sources.
• Proficient in Microsoft Office (Word, Excel, Outlook).
• Excellent organizational and numerical skills.

Responsibilities

• Provide commercial input into cost planning and budgets for projects.
• Lead procurement and supplier engagement; review RFPs and assign recommendations.
• Produce monthly cost reports and manage change control processes.
• Review variations, approve invoices, and support final accounts and close-out.
• Assist with benchmarking and stay-vs-go strategy development.

Skills

5 years experience

MEP experience

Microsoft Office

Analytical skills

Organizational mindset

Math & financial calculations

Education

Bachelor's Degree preferred

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.