Cost Manager - Commercial Real Estate Construction

Turner-; San Francisco (CA); On-site; USD 100,000 - 135,000; Full time

Job summary

Turner & Townsend is seeking a Cost Manager to join our Commercial Real Estate team in California, supporting a diverse portfolio of construction projects. You will provide cost management throughout the project lifecycle, helping clients achieve successful outcomes through planning, oversight, risk management and financial control.

The ideal candidate has 3–5 years in cost management within construction, preferably with knowledge of procurement routes, value management, and BEING part of a

Qualifications

• Bachelor’s degree in construction management, cost management, quantity surveying, engineering or field related to construction.
• Minimum 3-5 years of relevant experience in a cost management role in the construction industry.
• RICS accreditation or working towards it is valuable
• Experience supporting cost management on medium or large construction projects.
• Construction consultancy experience is strongly preferred.
• Knowledge of procurement routes, value management, and value engineering.
• Strong communications skills.

Responsibilities

• Advising client on strategies, managing prequalification of vendors, assessing proposals, bids, and bid levelling documents, making final recommendations to the client, attending and chairing bid interviews, and managing appointment process.
• Manage estimating services for full project by developing project estimates (construction, fees, direct costs), review estimates, present to client, and provide value engineering recommendations and risk assessments.
• Manage cost reporting by establishing reporting schedule, reviewing and presenting cost reports and forecasts, reviewing project budget and spend forecast with the client, and maintaining the commercial risk register.
• Manage cost control process by reviewing payment application assessments, liaising with project managers to recommend contractor entitlements, reviewing change orders and disputes, and making recommendations to client.
• Manage and monitor invoicing process.
• Benchmark performance against other successful commissions.
• Manage all facets of final accounting, post-contract audits and closeouts.
• Hold post-contract reviews with the client to establish lessons learned and create training material.
• Develop procedures governing handover of project.

Skills

Communication skills

Education

Bachelor's degree in construction management, cost management, quantity surveying, engineering or related field

Job description

• Full-time

Company Description

Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries.

Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people’s lives. Working in partnership makes it possible to deliver the world’s most impactful projects and programmes as we turn challenge into opportunity and complexity into success.

Our capabilities include programme, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions.

We are majority-owned by CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier programme, project and cost management offering in markets around the world.

Job Description

Turner & Townsend is seeking a Cost Manager to join our Commercial Real Estate team in California, supporting the successful delivery of a diverse portfolio of construction projects. In this role, you will provide cost management services throughout the project lifecycle, helping clients achieve successful project outcomes through effective cost planning, commercial oversight, risk management, and financial control.

The ideal candidate will be proactive, client-focused, and driven to deliver excellence while promoting Turner & Townsend's purpose, values, and collaborative culture. Strong communication, analytical, and stakeholder management skills are essential, along with the ability to manage multiple priorities and work effectively within multidisciplinary project teams.
Responsibilities:

• Advising client on strategies, managing prequalification of vendors, assessing proposals, bids, and bidlevellingdocuments, making final recommendations tothe client, attending & chairing bid interviews, and managing appointment process.
• Manage estimating services for full project by developing project estimates (relating to construction, fees, direct work and other costs), reviewing estimations prepared by junior team members, presenting estimates to client, presenting value engineering recommendations and risk assessments to client, meeting with vendors to review, validate, and challenge costs, and reviewing estimates by utilizing benchmark data collected from other projects.
• Manage cost reporting byestablishingreporting schedule, reviewing & presenting costreportsand forecasts, reviewing project budget & spend forecast withthe client, developing &maintainingcommercial risk register, and hosting periodic meetings with project team & vendors.
• Manage cost control process by reviewing payment application assessments prepared by junior team members, liaising with project managers to recommend contractor entitlements, reviewing requests for change orders from vendors & making recommendations toclient, and using disputeprevention/management/resolution procedures to manage payment requisitions, change orders, and contractual disputes.
• Manage &monitorinvoicing process.
• Benchmark performance against other successful commissions.
• Manage allfacetsof the final accounting process and post contract audits and account close outs.
• Hold post-contract reviews with the client toestablisha lesson learned document and apply lessons to create training manual.
• Develop procedures governing handover ofproject.
• Perform all the duties above through the use/preparation of Bid Analysis Sheets, Change Control Forms, Cost Estimating Software, and Take-off Software.
• SOX control responsibilities may be part of this role, which are to be adhered to where applicable.

Qualifications

• Bachelor’s degreein construction management, cost management, quantity surveying,engineeringor field related to construction.
• Minimum3-5years of relevant experience working in a cost management role in the construction industry.
• RICS accredited or working towards itis valuable
• Experiencesupportingcost management on medium orlarge sizedconstruction projects.
• Construction consultancy experience is strongly preferred.
• Goodknowledge of construction industry technical matters, such as different procurement routes, valuemanagement,and value engineering.
• Strongcommunicationskills.

Additional Information

*On-site presence and requirements may change depending on our client's needs.

The base salary range for this role is $100K-$135 USD. This range reflects the company's good faith estimate of the base salary for this position at the time of the posting. Final compensation will be determined based on factors including experience, skills, qualifications, and internal equity. In addition to base salary, employees may be eligible for bonuses and a comprehensive benefits package.

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change.

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance.

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

All your information will be kept confidential according to EEO guidelines.

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time.

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