Company: CB Richard Ellis
Posted on: November 22, 2021
Areas of Interest
Construction, Development, Project Management, Property Management,
Alexandria - Virginia - United States of America, Astoria - New
York - United States of America, Auburn - Maine - United States of
America, Bangor - Maine - United States of America, Bedford - New
Hampshire - United States of America, Belfast - Maine - United
States of America, Biddeford - Maine - United States of America,
Boston - Massachusetts - United States of America, Brighton -
Massachusetts - United States of America, Cambridge - Massachusetts
- United States of America, Charlotte - North Carolina - United
States of America, Concord - New Hampshire - United States of
America, Dover - New Hampshire - United States of America, Dover -
Delaware - United States of America, East Concord - New Hampshire -
United States of America, East Hartford - Connecticut - United
States of America, East Norwalk - Connecticut - United States of
America, Falmouth - Maine - United States of America, Hartford -
Connecticut - United States of America, Hingham - Massachusetts -
United States of America, Lewiston - Maine - United States of
America, Linden - New Jersey - United States of America, Lowell -
Massachusetts - United States of America, Manchester - New
Hampshire - United States of America, Manchester - Connecticut -
United States of America, Manhattan - New York - United States of
America, Milford - Connecticut - United States of America, New
Castle - Delaware - United States of America, North Quincy -
Massachusetts - United States of America, North Stamford -
Connecticut - United States of America, Pennington - new Jersey -
United States of America, Quincy - Massachusetts - United States of
America, Radnor - Pennsylvania - United States of America, South
Boston - Massachusetts - United States of America
The purpose of this position is to lead individual
multi-disciplined real estate cost solutions for clients with
direct accountability for cost management delivery.
This is not a remote position, the Cost Manager will need to be
able to report to a local office or one of the client's local
ESSENTIAL DUTIES AND RESPONSIBILITIES
Manages all facets of cost management (budget, schedule,
procurement, quality & risk) for individual real estate projects
throughout planning, design, construction, occupancy, and
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 an estimator to
produce costing of greater detail; incorporate estimator into
project team - manage performance of estimating
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
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.
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
Support project manager team in the implementation of all project
procurement in accordance with CBRE 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.
Create 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 CBRE 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 project and where
necessary 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
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 plan/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
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 CBRE 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 closeout statements. Issue
release of all withholdings/retainage (subject to CBRE approval
limits); close all funding approvals in accounting systems
Capture project costs for contribution to CBRE cost
benchmarking/estimating databases and tools.
Facilitate and oversee the administration of tasks required by the
lease to collect landlord
contributions/tenant improvement allowances.
Manages 3rd party project delivery resources/team. Responsible for
identifying training needs, tracking performance, coaching, and
motivating team members.
Other duties as assigned.
No formal supervisory responsibilities in this position. Provides
informal assistance such as technical guidance, and/or training to
coworkers. May lead cost teams and/or plan, and supervise
assignments of lower level employees.
To perform this job successfully, an individual must be able to
perform each essential duty satisfactorily. The requirements listed
below are representative of the knowledge, skill, and/or ability
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor's degree (BA/BS/BEng/BArch) from College or University in
a technical area of study.
Minimum 4 years of related experience and/or training
CERTIFICATES and/or LICENSES
RICS (Royal Institute of Chartered Surveyors) or CIOB (Chartered
Institute of Building) accreditation preferred. PMP Certification
is a plus. LEED certification is a plus.
Excellent written and verbal communication skills. Strong
organizational and analytical skills. Ability to provide efficient,
timely, reliable and courteous service to customers. Ability to
effectively present information.
Requires general knowledge of financial terms and principles.
Ability to calculate intermediate figures such as percentages,
discounts, and commissions. Conducts advanced financial
Ability to comprehend, analyze, and interpret complex documents.
Ability to solve problems involving several options in situations.
Requires advanced analytical and quantitative skills.
OTHER SKILLS and ABILITIES
Advanced skills with Microsoft Office Suite. Working knowledge in
MS Project is helpful, Advanced Excel Skills would be preferred.
Knowledge with estimating software such as OST preferred. Ability
to read and understand architectural drawings. Knowledge of leases,
contracts, and construction practices preferred.
SCOPE OF RESPONSIBILITY
Decisions made with thorough understanding of procedures, company
policies, and business practices to achieve general results and
deadlines. Responsible for setting work unit and/or project
deadlines. Errors in judgment may cause short-term impact to
CBRE is an equal opportunity/affirmative action employer with 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..... click
apply for full job details
Keywords: CB Richard Ellis, Alexandria , Cost Manager, Executive , Alexandria, Virginia
Didn't find what you're looking for? Search again!