Senior Cost Manager
Company: CBRE
Location: Linwood
Posted on: January 22, 2023
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Job Description:
Senior Cost ManagerJob ID95381Posted18-Nov-2022Service lineGWS
SegmentRole typeFull-timeAreas of InterestConstruction, Consulting,
Data & Analytics, Design, Development, Project Management,
Purchasing/Procurement, Quantity Surveying , Risk
ManagementLocation(s)Astoria - New York - United States of America,
Atlantic City - New Jersey - United States of America, Bloomfield -
New Jersey - United States of America, Bridgeton - New Jersey -
United States of America, Bridgewater - New Jersey - United States
of America, Bronx - New York - United States of America, Camden -
New Jersey - United States of America, Carteret - New Jersey -
United States of America, Cherry Hill - New Jersey - United States
of America, Cranford - New Jersey - United States of America,
Delran - new Jersey - United States of America, Dover - New Jersey
- United States of America, Dumont - New Jersey - United States of
America, East Brunswick - New Jersey - United States of America,
East Hanover - New Jersey - United States of America, East Hartford
- Connecticut - United States of America, East Orange - New Jersey
- United States of America, East Rutherford - New Jersey - United
States of America, Edison - New Jersey - United States of America,
Elizabeth - New Jersey - United States of America, Elmwood Park -
New Jersey - United States of America, Ewing - New Jersey - United
States of America, Fair Lawn - New Jersey - United States of
America, Fairfield - new Jersey - United States of America, Florham
Park - New Jersey - United States of America, Franklin Lakes - new
Jersey - United States of America, Garfield - New Jersey - United
States of America, Glassboro - New Jersey - United States of
America, Hackensack - New Jersey - United States of America,
Hamilton - new Jersey - United States of America, Harlem - New York
- United States of America, Hartford - Connecticut - United States
of America, Hoboken - New Jersey - United States of America, Iselin
- New Jersey - United States of America, Kenilworth - New Jersey -
United States of America, Lakewood Township - new Jersey - United
States of America, Lawrence Township - New Jersey - United States
of America, Linden - New Jersey - United States of America, Linwood
- new Jersey - United States of America, Long Branch - New Jersey -
United States of America, Long Island - New York - United States of
America, Long Island City - New York - United States of America,
Madison - New Jersey - United States of America, Manhattan - New
York - United States of America, New Hartford - New York - United
States of America, New York City - New York - United States of
America, Newark - New Jersey - United States of America, North
Stamford - Connecticut - United States of America, Pennington - new
Jersey - United States of America, Queens - New York - United
States of America, Queens Village - New York - United States of
America, Saddle Brook - New Jersey - United States of America,
Stamford - Connecticut - United States of America, Staten Island -
New York - United States of America, The Bronx - New York - United
States of America, West Hartford - Connecticut - United States of
America, White Plains - New York - United States of AmericaCBRE is
seeking a Senior Cost Manager with preconstruction estimating and
management or leadership experience to lead manage and oversee
staff responsible for managing all facets of cost management for
our clients throughout the Tristate area (CT, NJ and NY).JOB
SUMMARYThe purpose of this position is to manage and lead overall
cost management functions as well as staff responsible for
individual multi-disciplined real estate cost solutions for clients
with direct accountability for cost delivery.This is not a remote
role; the selected Senior Cost Manager will be required to report
to the office in New York City 2-3 days per week.ESSENTIAL DUTIES
AND RESPONSIBILITIESManages all facets of cost management (budget,
schedule, procurement, quality & risk) for individual realestate
projects throughout planning, design, construction, occupancy, and
closeout.Produce concept level estimates to aid feasibility studies
and assist with business cases, leveraging a range of information
from simple internal benchmarking to detailed market data and
estimates taken from drawings and specifications. Issue
recommendations for the application of an estimator to produce
costing of greater detail; incorporate estimator into project team
- manage performance of estimating tasks/deliverables. Advise on
market conditions.Provide assistance with the review of
documentation from a Cost Management perspective in so far as it
relates to design, specification of the work.Prepare a revised cost
estimate on completion of all key design stages and compare to the
project budget, with report and recommended actions on any
variances.Evaluate project scope and client needs to develop and
present recommended budgets for necessary pre-bid and
pre-construction cost estimating and cost planning services.
Partner with project team to source and oversee the pre-bid and
pre-construction services associated with the development of a
project budget and cost plan.Assist the Project Managers in the
preparation and issuance of RFPs for the appointment of the
Construction Manager, consultants, and vendors. Review, in
conjunction with Project Manager, proposals obtained by the Client
and Project Manager for the Construction Manager, consultants and
vendors, attend interviews as required, providing financial
leveling and analysis.Lead the administration associated with
funding all project work, including creation of funding documents
in use by the client (such as purchase orders or Capital funding
requests). Work with client and Project Manager to ensure
compliance with these systems; promote proactive
creation/submission of all necessary funding documents to ensure
all project work is funded in compliance with Client's internal
funding policies.Liaise with the project team as necessary,
providing cost and local market benchmarking information as
necessary.Support project manager and leasing team to estimate
costs associated with the lease (upfit, abatement, reinstatement,
etc.) to optimize landlord contribution/tenant improvement
allowances on behalf of the Client. Ensure contracts with project
team (designers, contractors) include language aligned with lease
requirements for the solicitation of all landlord
contributions.Support project manager team in the implementation of
all project procurement in accordance with CBRE corporate policies
and guidelines; make recommendations on the project procurement
strategy. Lead the analysis of bid/tender responses, leveling all
responses and organizing the data into a concise yet thorough
report for presentation to the Client. Include recommendations for
items such as allowances, contingencies, and reserves.Provide
information as may be required by the client to assist in meeting
the Schedule and advise on alternative procurement options.Create
and manage a detailed cost plan; produce and maintain detailed cost
reports on a regular basis and present these reports to the Client.
Align cost plan with project master schedule; provide cost guidance
and direction to achieve cost goals with scope/schedule. Establish
strategy to manage cash flows and project accruals and report
progress in a manner consistent with CBRE policy yet flexible to
adapt to client's needs/systems.Promote Value Engineering (VE) as a
continual process to be implemented throughout the duration of the
project and where necessary lead (or support if lead by Project
Manager) Value engineering workshops, exercises and provide ideas
and initiatives to add value. Act as a resource for implementing
best practices to optimize the outcome of all VE efforts including
tools, reports and goals - track/report progress against cost
savings and value to fee targets.Maintain a Value Management /
Value Engineering log. Coordinate with Client and Project Manager
Value engineering / cost meetings with the design team, chair and
issue minutes and action lists. All required follow ups to the
Value engineering log.Reconcile all estimates and change orders;
scrutinize, analyze and perform due diligence on all change orders;
lead reconciliation meetings with General Contractors, Construction
Managers and third party consultancies. Update cost plan/report
accordingly and advise project team of cost risk mitigation
strategies required to main cost compliance; advise project team
and Client of high risk cost issues.Agree with the Client and
Project Manager Change control procedures. Review and advise on
potential cost impacts of Client changes.Assist the Client and
design team with life cycle costing of LEED/sustainability
initiatives (as appropriate).Review all invoices from consultants,
vendors, and in coordination with the Project Manager, against cost
plan; provide valuation services and signoff to project team
(subject to CBRE approval limits) in collaboration with team
members charged with validation work has been completed to required
scope and level of quality. Make recommendations for payment.Review
and approve all requests to apply costs toward allowances,
contingencies and reserves; update cost plan accordingly.Support
cost/budget aspects of the project closeout; negotiate, agree and
settle final accounts and close-out statements. Issue release of
all withholdings/retainage (subject to CBRE approval limits); close
all funding approvals in accounting systems (purchase
orders).Capture project costs for contribution to CBRE cost
benchmarking/estimating databases and tools.Facilitate and oversee
the administration of tasks required by the lease to collect
landlord contributions/tenant improvement allowances.Maintain
records for all documents received and issued in connection with
the project. Coordinate with the Clients insurance advisers and
advise on construction related insurance. Assist the Client in the
preparation, submission, and negotiation of Insurance claims.Review
with Client and Clients legal / Insurance advisers requirements
for:
Keywords: CBRE, Camden , Senior Cost Manager, Executive , Linwood, New Jersey
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