Construction Cost Manager

Job Description

The Construction Cost Manager is responsible for managing and controlling project costs throughout the lifecycle of construction projects. This role involves cost estimation, budgeting, forecasting, contract evaluation, and financial reporting to ensure projects remain within budget while maintaining quality and efficiency.

Duties / Responsibilities

• Develop and oversee project budgets, ensuring financial accuracy and alignment with cost objectives

• Prepare cost estimates and forecasts for various phases of construction projects

• Track project expenses, analyze financial reports, and identify cost-saving opportunities

• Review and assess contractor bids, contracts, and change orders to ensure cost efficiency

• Collaborate with project managers, engineers, and stakeholders to monitor financial progress

• Implement cost control measures to prevent budget overruns

• Conduct risk analysis related to construction costs and develop mitigation strategies

• Enhance and maintain cost tracking systems and reporting tools

• Ensure compliance with company policies, industry standards, and legal requirements

• Assist in negotiating contracts and agreements with vendors and subcontractors

• Provide financial insights and reports to senior management for decision-making

• Work closely with procurement and finance teams to optimize purchasing strategies

• Participate in project audits and financial reviews related to construction expenses

• Stay updated with industry trends, market rates, and best practices in cost management

• Other duties as assigned by Supervisor

Minimum Qualifications

• Bachelors degree in construction management, finance, engineering, or a related field

• Minimum of 7 years of experience in construction cost management, estimating, or financial planning

• Proficiency in construction cost estimation software and financial modeling tools

• Strong knowledge of construction contracts, procurement processes, and cost-control techniques

• Experience with budgeting, forecasting, and financial reporting in the construction industry

• Excellent organizational and project management skills

• Industry-related certifications (e.g., Certified Cost Professional, RICS, or similar) preferred