Cost Management Senior Manager (Project Controls Lead) Job ID 205754 Posted 10-Feb-2025 Service line PJM Segment Role type Full-time Areas of Interest Construction, Project Management, Quantity Surveying Location(s) Newark - New Jersey - United States of America, Princeton - New Jersey - United States of America, West Point - Pennsylvania - United States of America **About the Role:** As a Cost Management Senior Manager, Project Controls Lead you will take responsibility to oversee the forecasting efforts for a robust portfolio of projects for a dedicated Life Sciences client. Understand, analyze, and report variances with mitigation plans, act as the main client interface, delivering on client objectives and adding value to the cost management service offering. This role will require the selected candidate to work from the client's offices in West Point, PA a minimum of three days per week. Actively lead and coach colleagues from Assistant to Cost Consultant levels and positively influence the direction of growth of the up-coming talent. Lead initiatives and manage projects throughout the lifecycle, lending itself to more complex commissions for real estate cost solutions for clients with direct accountability for cost delivery. **What You’ll Do:** + Manage all facets of cost management (budget, schedule, procurement, quality & risk) for individual real estate projects or programs throughout planning, design, construction, occupancy and closeout. + 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. + 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. + 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 a Estimator to produce costing of greater detail; incorporate estimator into project team - manage performance of estimating tasks/deliverables. + 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 our 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. + Build 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 our company 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 projects and where vital 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. + 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 plans/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. + Assist the Client and design team with life cycle costing of LEED/sustainability initiatives (as appropriate). + Review all invoices against cost plan; provide valuation services and signoff to project team (subject to company approval limits) in collaboration with team members charged with validation work has been completed to required scope and level of quality. + 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 company approval limits); close all funding approvals in accounting systems (purchase orders). + Capture project costs for contribution to our cost benchmarking/estimating databases and tools. + Facilitate and oversee the administration of tasks required by the lease to collect landlord contributions/tenant improvement allowances. + Where applicable, provide tools, processes and training to ensure all team members provide cost management services consistently across a project, program or geography. Proactively seek opportunities to improve delivery of services; adjust as needed. + Manage 3rd party cost delivery resources/team at both the project level or regional level. Responsible for ensuring 3rd parties deliver all procured services and deliverables and escalating as appropriate. Suggest and implement contractual adjustments as appropriate; implement project or account specific performance management solutions. **What You’ll Need:** Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future. + Bachelor's Degree preferred with at least 10 years of solid experience. In lieu of a degree, a combination of experience and education will be considered. + RICS (Royal Institute of Chartered Surveyors) or CIOB (Chartered Institute of Building) accreditation preferred. + Knowledge with estimating software such as OST preferred. + PMP (US and/or Canada) and LEED AP preferred. + Ability to read and understand architectural drawings with knowledge of leases, contracts, and construction practices preferred. + Experience in the areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising, and rewarding performance and retention is helpful. + Ability to lead the exchange of sensitive, complicated, and difficult information, convey performance expectations and solution problems. + Leadership skills to empower the team to achieve broad operational targets with impacts on own job subject area, multiple job fields, and department. + In-depth knowledge of Microsoft Office products. Examples include MS Project, Word, Excel, Outlook, etc. + Extensive organizational skills and an advanced inquisitive mindset. + Intermediate math skills. Ability to calculate complicated figures such as percentages, fractions, and other financial-related calculations. + Life Sciences, Pharmaceuticals or other regulated environment experience is highly desirable. Disclaimer: _Please be advised that effective January 1, 2025, CBRE Project Management and Turner &Townsend was consolidated into a single global business entity. As a candidate applying for a position, you should be aware that while your initial employment may be with Turner & Townsend PJM US LLC, you will subsequently transfer directly to Turner & Townsend at a date to be determined._ Turner & Townsend carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for this position is $130,000 annually and the maximum salary for this position is $150,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on Turner & Townsend’s applicable benefit program. This role will provide the following benefits: 401(K), Dental insurance, Health insurance, Life insurance, and Vision insurance. **Equal Employment Opportunity:** CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. **Candidate Accommodations:** CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada). **NOTE:** Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter. CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)