Construction Cost Manager & Estimator - Contract ...

Job Title: Construction Cost Manager & Estimator Interested in learning more about this job Scroll down and find out what skills, experience and educational qualifications are needed. Location: Denver, CO Duration: Contract Position Industry: Industrial Construction (Manufacturing Plants, Warehouses, Processing Facilities) Job Description: The Construction Cost Manager & Estimator will be responsible for the planning, coordination, and management of cost estimates, budgets, and financial tracking for large-scale industrial construction projects. This role is integral to ensuring that project costs are effectively estimated, controlled, and managed throughout the lifecycle of the project, from pre-construction to completion. Key Responsibilities: Cost Estimation & Budgeting: Develop detailed cost estimates for all phases of the industrial project, including pre-construction, construction, and commissioning. Prepare accurate and detailed quantity take-offs based on project specifications, drawings, and construction documents. Establish project budgets and cost plans, ensuring alignment with client expectations and financial constraints. Conduct risk analysis and develop contingency plans to manage cost uncertainties. Project Cost Control & Monitoring: Implement and manage cost control processes to track project expenses against the budget. Prepare monthly cost reports, forecasting, and variance analysis to provide insights into project financial performance. Review and approve contractor and supplier invoices, ensuring alignment with contract terms and project progress. Coordinate with project managers, procurement teams, and finance departments to ensure timely and accurate cost reporting. Procurement & Contract Management: Assist in the procurement process, including preparing bid packages, evaluating vendor proposals, and negotiating contract terms. Monitor contract compliance, ensuring all cost-related terms are met by subcontractors and suppliers. Provide support in value engineering and cost-saving opportunities to optimize project financial performance. Pre-Construction Analysis: Collaborate with design teams during pre-construction to provide cost inputs and value engineering options. Evaluate constructability, schedule impacts, and cost implications of various design options. Prepare and present cost analysis reports to stakeholders, highlighting potential risks and opportunities. Project Close-Out & Documentation: Manage the final cost reconciliation process, ensuring all costs are accounted for and documented. Prepare final project cost reports and provide insights into financial performance. Assist in the preparation of lessons learned and post-project analysis for future project planning. Key Performance Indicators (KPIs): Accuracy of Cost Estimates: KPI: Variance between estimated costs and actual project costs. Target: Maintain variance within ±5% of the original estimate. Budget Adherence: KPI: Percentage of projects completed within the approved budget. Target: Achieve at least 90% of projects within the original or adjusted budget. Timeliness of Cost Reporting: KPI: Frequency and timeliness of cost reports submission. Target: Submit cost reports on a monthly basis, with 95% delivered on time. Change Order Management: KPI: Number of change orders and percentage of total project cost due to change orders. Target: Keep change orders below 10% of the total project cost. Invoice Review & Approval Time: KPI: Average time taken to review and approve contractor invoices. Target: Complete invoice reviews within 7 days of submission. Procurement Efficiency: KPI: Percentage of procurement packages awarded within the estimated budget. Target: Achieve at least 85% of procurement packages awarded within the estimated budget. Cost Savings from Value Engineering: KPI: Percentage of cost savings achieved through value engineering initiatives. Target: Attain cost savings of at least 5% of the project budget through value engineering. Client Satisfaction: KPI: Client feedback score related to cost management services. Target: Achieve a client satisfaction score of at least 8 out of 10. Project Close-Out Efficiency: KPI: Time taken to complete final cost reconciliation after project completion. Target: Final reconciliation completed within 30 days of project completion. Qualifications: Education: Bachelor's degree in construction management, Quantity Surveying, Civil Engineering, or related field. Experience: Minimum of 8-12 years of experience in cost estimation and construction cost management, preferably in industrial projects. Experience with large-scale industrial construction projects (e.g., manufacturing plants, warehouses). Skills: Proficiency in cost estimating software (e.g., RSMeans, Bluebeam, PlanSwift). Strong knowledge of construction cost control processes and financial management. Familiarity with construction contracts, bid analysis, and procurement processes. Excellent analytical skills, attention to detail, and problem-solving abilities. Effective communication skills to liaise with project stakeholders, including clients, contractors, and design teams. Certifications: Preferred certifications include: Certified Professional Estimator (CPE) Certified Cost Professional (CCP) Project Management Professional (PMP) LEED AP (for projects focused on sustainability) Working Conditions: Primarily office-based with regular site visits required. Occasional travel may be necessary to meet with clients, vendors, or project teams. Flexibility to work extended hours during critical project phases. This role is critical to ensuring the financial success of industrial construction project, focusing on accurate cost estimation, effective budget management, and proactive cost control measures. The ideal candidate will have a strong background in industrial projects, excellent financial acumen, and the ability to collaborate effectively with various project stakeholders

Created: 2025-01-12