Cost Management Construction Project Analyst - Graduate Development Program

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 programs as we turn challenge into opportunity and complexity into success.

Our capabilities include program, 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 program, project and cost management offering in markets around the world.

Job Description

Overview:

Do you want to be part of our successful Graduate Development Program supporting top clients for Turner & Townsend across the U.S. We are hiring an ambitious and forward-thinking Cost Management Analyst to work in our growing team.

The route to becoming a professional at Turner & Townsend involves development in various competencies. The Turner & Townsend Graduate Development Program has been designed to provide recent graduates, with less than two years of industry experience, with opportunities to further develop their careers and offer exposure to the services in which we specialize in order to become a successful consultant upon graduation of the program.

The Program is intended to take approximately 2 years in duration, and experience is based upon achievement of various competencies in each core service.

The program is offered at our Chicago, IL location.

As a Cost Management Analyst at Turner & Townsend, you will support the delivery of world-class cost management services across a variety of capital projects. You’ll be exposed to capital planning, cost estimating, procurement, contract administration, change management, and reporting - helping clients optimize their investments.

Key Responsibilities:

Project Estimation & Validation

• Support in development of comprehensive project estimates, including construction, fees, direct work, and other associated costs.

• Engage with vendors to review, validate, and challenge cost inputs.

• Utilize benchmark data from previous projects to inform and assess estimate accuracy

Capital Planning Support

• Advise clients on capital planning strategies across large-scale portfolios.

• Provide insights to optimize investment decisions and long-term financial planning

Procurement Strategy & Vendor Management

• Support procurement activities including vendor prequalification, bid evaluation, and bid leveling.

• Facilitate bid interviews and provide final recommendations for vendor selection.

• Oversee the appointment process in alignment with client objectives.

Cost Reporting & Forecasting

• Establish and manage cost reporting schedules.

• Present cost reports and forecasts to clients, ensuring transparency and accuracy.

• Maintain a commercial risk register and lead periodic review meetings with project teams and vendors

Cost Control & Change Management

• Assess payment applications and recommend contractor entitlements.

• Review and evaluate change order requests, providing strategic recommendations to clients.

• Apply dispute prevention and resolution procedures to manage payment requisitions and contractual issues.

• Monitor and manage the end-to-end invoicing process to ensure timely and accurate payments.

Benchmarking & Performance Analysis

• Benchmark project performance against successful commissions to identify areas for improvement.

Financial Close

• Manage all aspects of the financial close process, including post-contract audits and account close-outs.

• Conduct post-contract reviews with clients to capture lessons learned.

• Develop training materials and manuals based on project insights to support continuous improvement.

• SOX control responsibilities may be part of this role, which are to be adhered to where applicable.

Qualifications

• 0-2 years of industry experience

• Bachelors and/or Masters Degree

• Preferred Degrees:

• Construction Management

• Construction Science

• Engineering

• Project Management

• General Business

Additional Information

The salary range for this full-time role is $70,000 - $98,000 per year. Ranges are determined by role and level and represent a good faith effort to provide a fair and equitable salary. This range is a reflection of base salary only, not of a total compensation package. Please note Turner & Townsend reserves the right to pay more or less than the posted range, depending on candidate’s experience and qualifications.

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 in 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.

Please find out more about us at and

All your information will be kept confidential according to EEO guidelines

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