Cost Manager - New York City

Turner & Townsend - New York, NY3.8

Full-timeEstimated: $86,000 - $120,000 a year
Job Description

Key Accountabilities

Advising client on strategies, managing prequalification of vendors, assessing proposals, bids, and bid leveling documents, making final recommendations to the client, attending & chairing bid interviews, and managing appointment process
Manage estimating services for full project by developing project estimates (relating to construction, fees, direct work and other costs), reviewing estimations prepared by junior team members, presenting estimates to client, presenting value engineering recommendations and risk assessments to client, meeting with vendors to review, validate, and challenge costs, and reviewing estimates by utilizing benchmark data collected from other projects
Manage cost reporting by establishing reporting schedule, reviewing & presenting cost reports and forecasts, reviewing project budget & spend forecast with the client, developing & maintaining commercial risk register, and hosting periodic meetings with project team & vendors
Manage cost control process by reviewing payment application assessments prepared by junior team members, liaising with project managers to recommend contractor entitlements, reviewing requests for change orders from vendors & making recommendations to client, and using dispute prevention/management/resolution procedures to manage payment requisitions, change orders, and contractual disputes
Manage & monitor invoicing process
Benchmark performance against other successful commissions
Hold post-contract reviews with the client to establish a lessons learned document and apply lessons to create training manual
Develop procedures governing handover of project
Perform all of the duties above through the use/preparation of Bid Analysis Sheets, Change Control Forms, Cost Estimating Software, and Takeoff Software
Key Performance Indicators

Projects are managed to the correct quality standards and are completed efficiently, on time and to budget
Project delivery meets the client’s objectives and is in line with the conditions of appointment
The project team is led effectively
Strong relationships are developed with clients and members of the cross-functional team
The internal financial status of all projects is effectively monitored
Key information and data is effectively cascaded and appropriately retained


Education Requirement: Bachelor's Degree or its equivalent in Construction Management or Related Field - An acceptable equivalent to a US Bachelor's degree will include any combination of degrees, certificates, training, and/or experience, evaluated as equivalent to a four (4) year U.S. Bachelor's degree by a credential evaluator.

Experience Requirement: 3-5 years of experience performing all job duties listed, or

Assist with Request for Proposal (RFP) process by preparing documents, releasing RFPs, arranging mid-bid interviews, and creating bid analysis sheets
Support senior manager by reviewing initial project estimates, providing measurements & pricing for estimates at assigned stages of the project, advising the client of any budget changes, and preparing & sending final estimate to senior manager for review
Update regular cost reports & forecasts, amount & cost of construction work to be done, and cash flow forecast
Assess change orders & payment applications from vendors & challenge discrepancies, and Recommend cost amounts to be paid based on claims and changes
Measure & price quantities of various construction materials
Perform all of the duties above through the use/preparation of Bid Analysis Sheets, Change Control Forms, Cost Estimating Software, and Take-off Software

Additional Information

Turner & Townsend is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. Equal Employment Opportunity Posters If you’d like to view a copy of the company’s affirmative action plan, please email If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact the Human Resources Department at 713-457-9400 or This telephone line and email address is reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation in the job application process. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related technical issues, will not receive a response.