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- Tasks: Oversee cost management and contract administration for consultancy projects.
- Company: Dynamic consultancy firm based in Cardiff with a focus on innovation.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
- Other info: Join a supportive team with excellent career advancement opportunities.
- Why this job: Make a real impact by managing complex contracts and ensuring project success.
- Qualifications: Professional qualification in cost or contract management and relevant degree.
The predicted salary is between 40000 - 50000 £ per year.
The Cost and Contracts Manager is responsible for overseeing all aspects of cost management and contract administration within consultancy projects. This role ensures that projects are delivered within budget and contractual obligations are met, while maintaining strong commercial and financial control. The post-holder manages contract negotiations, cost forecasting, risk assessments, and financial reporting to support successful project delivery and maximise value for the organisation.
Job Duties
- Develop, implement and maintain cost control systems to monitor project budgets and expenditure.
- Prepare, review and negotiate contracts, ensuring compliance with legal and organisational requirements.
- Provide accurate cost forecasts, cost plans and financial reports to support project teams and senior management.
- Identify, assess and manage commercial risks associated with contracts and project delivery.
- Liaise with clients, suppliers and subcontractors to resolve contractual and cost-related issues.
- Support procurement activities, including tender evaluation and supplier selection.
- Ensure all contractual documentation is maintained in accordance with company policies and audit standards.
- Lead contract administration processes including variations, claims and dispute resolution.
- Collaborate with project managers, quantity surveyors and finance teams to ensure integrated cost management.
- Provide guidance and training on cost and contract management best practices to project teams.
Required Qualifications
- A recognised professional qualification in cost or contract management, such as membership of the Chartered Institute of Building (CIOB), Royal Institution of Chartered Surveyors (RICS), or similar.
- Educated to degree level or equivalent in a relevant discipline such as quantity surveying, construction management, business, or law.
Experience
- Minimum of five years' experience in cost and contract management within the consultancy or construction sectors.
- Proven track record of managing complex contracts and large-scale project budgets.
- Experience of contract negotiation, administration and dispute resolution.
- Familiarity with standard forms of contract commonly used in the United Kingdom.
- Demonstrable experience in financial reporting, forecasting and risk management.
Knowledge and Skills
- Comprehensive understanding of contract law and commercial principles.
- Strong numerical and analytical skills to interpret financial data and prepare cost reports.
- Excellent negotiation and communication skills to manage stakeholder relationships effectively.
- Proficiency in relevant software tools, such as Microsoft Office and contract management systems.
- Attention to detail and ability to work under pressure to meet deadlines.
- Ability to lead and motivate teams, providing clear guidance on commercial matters.
Preferred Qualifications
- Postgraduate qualification in contract or commercial management.
- Membership of the Association for Project Management (APM) or similar professional body.
- Experience working within consultancy environments supporting public sector or private sector clients.
Working Conditions
- This role is office-based in Cardiff with occasional travel to client sites or other company offices as required.
- Standard full-time working hours apply, typically Monday to Friday, with flexibility to meet project demands.
- The position involves regular use of computers and telephone communication.
- Occasional attendance at meetings and presentations outside normal working hours may be necessary.
Cost and Contracts Manager employer: Morson Edge
Contact Detail:
Morson Edge Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost and Contracts Manager
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at local events. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its projects. Show them you’re not just another candidate; demonstrate your knowledge about their work and how you can add value as a Cost and Contracts Manager.
✨Tip Number 3
Practice your negotiation skills! As a Cost and Contracts Manager, you’ll need to showcase your ability to handle contract discussions. Role-play with a friend or mentor to build your confidence.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge over other candidates.
We think you need these skills to ace Cost and Contracts Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cost and Contracts Manager role. Highlight your experience in cost management and contract administration, and don’t forget to mention any relevant qualifications like CIOB or RICS membership.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific projects where you've successfully managed budgets or negotiated contracts, and show us your passion for consultancy.
Showcase Your Skills: We want to see your strong numerical and analytical skills in action! Include examples of how you've used these skills in past roles, especially in financial reporting and risk management. This will help us understand your expertise.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining the StudySmarter team!
How to prepare for a job interview at Morson Edge
✨Know Your Numbers
As a Cost and Contracts Manager, you'll need to demonstrate your strong numerical skills. Brush up on key financial metrics and be ready to discuss how you've managed budgets in previous roles. Prepare examples of cost forecasts and financial reports you've created.
✨Master the Contracts
Familiarise yourself with standard forms of contracts used in the UK. Be prepared to discuss your experience with contract negotiation and administration. Think of specific instances where you resolved disputes or managed variations, as these will showcase your expertise.
✨Showcase Your Risk Management Skills
Highlight your ability to identify and manage commercial risks. Prepare to discuss how you've assessed risks in past projects and the strategies you implemented to mitigate them. This will show that you can maintain strong financial control under pressure.
✨Engage with Stakeholders
Communication is key in this role. Think about how you've liaised with clients, suppliers, and subcontractors in the past. Be ready to share examples of how you’ve built relationships and resolved issues, as this will demonstrate your negotiation skills and ability to manage stakeholder expectations.