Cost Manager

Overview of RoleThe MEP Cost Manager is responsible for oversight of construction projects and keeping within expected budgets, schedules and adhering to the company's quality standards and the client's satisfaction for electrical related estimates. Employees in this position will interface with clients, consultants, designers, superintendents, and subcontractors to initiate any action required to achieve the project's goals and ensure that all project activities are consistent with Company policy. The position will also play a key role in business development with future and current clients. The MEP Cost Manager should have the ability to identify opportunities within a project that will add value and help successfully accomplish the client's desired project outcome.Essential FunctionsPrepare estimates, cost options, cost strategies, change order reviews, valuations of work in progress and bid analyses according to the MEP needs.Acts as lead individual on bid and preconstruction estimates.Prepare preconstruction estimates for schematic and design development levels for project.Review construction plans and specifications to complete quantitative take-offs and support estimators.Communicate with subcontractor base regarding project scope, schedule, risks, etc.Lead and support bid day tasks including the following: finalize project cost & alternates; verify subcontractors' scopes & costs; analyze project risks; resolve conflicts and questions on bid scopes.Provides work as required to budget for MEP trades.Provides complete estimates on MEP trades.Develops and establishes ability to budget MEP work without 100% of documentation to the point of developing ability to conceptually budget, visualize and plan a project.Compiles and analyzes data on all factors that influence costs, such as material, labor, equipment, and profit margins.Performs complex cost estimates and analysis for capital and professional services projects.Evaluates cost estimating deliverables prepared by consultants for cost containment.Evaluates quotes, bids, change orders, value engineering reports, and claims for accuracy and completeness of stated costs.Acquires and evaluates pricing documents, historical and vendor cost data for the development of cost estimates and price recommendations.Accurately forecasts costs of future projects and changes to existing projectsPrepares technical evaluations, cost estimating draft reports, memos, and letters and presents recommendations to management.Work as integral part of our Estimating Team to perform plan and specification analysis, takeoff, and pricing of various construction projects.Work with subcontractors and vendors to define scope and perform subcontractor and vendor analysis.Responsible for managing a complete estimate through final review and closeout.Participate in Value Engineering studies and negotiations with contractors.Attend client meetings as needed.Contributes to team performance by collaboration and effective communication.Contributes to and understands the clients desired project outcomes, identifies opportunities to add value to accomplish the desired outcomes.Adds to team effort by accomplishing other duties as assigned.The ideal candidate will demonstrate a positive proactive approach to the role, and will be committed to delivering customer service excellence, with good commercial results.Minimum Education (or substitute experience) required: 4-year college degree in Construction Management, Structural Engineering, Architectural Engineering, Cost Estimating or equivalent recognized technical qualification related to MEP.Minimum Experience required: 5-10 years' relevant experience in construction cost estimating of a variety of building types from program, conceptual, schematic, design development and construction document stages of design in elemental and CSI formatKnowledge and understanding of execution of cost management services; good planning, organization, and communication skills essential. Understanding of technical and non-technical documents related to cost management services required. Knowledge and use of industry-estimating software and Microsoft Office software programs

Created: 2025-02-22