Cost Manager

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Job Description – Cost Manager

Role Overview

The Construction Cost Manager is responsible for managing all aspects of project cost control from preconstruction through project completion. This includes estimating, cost planning, budgeting, forecasting, and change management. The Cost Manager ensures that project financial performance aligns with contractual, operational, and strategic objectives—supporting delivery teams in achieving profitability and client satisfaction.

This role works closely with Project Managers, Estimators, and Finance to maintain accurate cost reporting and proactive cost management throughout the project lifecycle.

Position Details

Job Title: Cost Manager Team: Commercial Location: US Reports to: Commercial Director FLSA: Exempt

Key Responsibilities

Cost Planning & Budget Management

• Develop, monitor, and update project budgets and cost plans from preconstruction to closeout.
• Prepare detailed cost reports, forecasts, and variance analyses for internal and client review.
• Track committed costs, approved changes, and forecasted expenditures to maintain accurate cost-to-complete reporting.
• Identify and mitigate potential cost risks through proactive financial management and forecasting.

Change Management

• Review and evaluate change order requests and subcontractor variations for accuracy and completeness.
• Collaborate with project and commercial teams to ensure timely processing and documentation of changes.
• Maintain an up-to-date change log and support negotiation of cost impacts with clients and subcontractors.

Procurement & Contract Support

• Assist in the preparation of tender packages, bid evaluations, and subcontractor award recommendations.
• Support contract administration by ensuring alignment with cost tracking and reporting systems.
• Provide commercial insight into subcontractor performance, value engineering opportunities, and market trends.

Reporting & Financial Controls

• Produce monthly cost reports, cash flow projections, and earned value analyses.
• Support the preparation of project financial summaries for executive leadership.
• Ensure consistency between field progress, accounting data, and project forecasts.
• Collaborate with Finance on accruals, cost reconciliations, and project audits.

Collaboration & Communication

• Work closely with project management, estimating, and finance teams to align on cost strategy and project objectives.
• Maintain transparent communication with clients and stakeholders regarding cost performance and forecasts.
• Support continuous improvement by contributing to lessons-learned sessions and benchmarking activities.

Qualifications

Education & Certifications

• Bachelor's degree in Quantity Surveying, Construction Management, Engineering, Finance, or a related field.
• Professional designation such as MRICS, PQS, or equivalent preferred.

Experience

• Proven background in managing large-scale, design-build, or EPC projects in sectors such as data centers, logistics, or advanced manufacturing.
• Strong knowledge of cost control principles, contract law, and construction accounting systems.

Skills & Competencies

• Proficient in cost management and project control software (e.g., CMiC, Procore, Viewpoint, or similar).
• Advanced Microsoft Excel and data analysis skills.
• Strong attention to detail, analytical ability, and problem-solving skills.
• Excellent communication and negotiation abilities. xhyhwjd
• Ability to manage multiple priorities in a fast-paced environment.

Core Competencies

• Financial and analytical acumen
• Cost forecasting and risk management
• Contract and commercial awareness
• Collaboration and stakeholder communication
• Process improvement and accountability

Compensation & Benefits

• Competitive base salary (commensurate with experience)
• Annual performance bonus eligibility
• Comprehensive health and dental benefits
• Retirement savings plan
• Professional development and continuing education support