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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 ensuring projects are delivered on budget and to high standards.
- Qualifications: Professional qualification in cost or contract management and relevant degree required.
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 in Newport employer: Morson Edge
Contact Detail:
Morson Edge Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost and Contracts Manager in Newport
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to professionals on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Ace the Interview
Prepare for your interviews by researching the company and practising common interview questions. We recommend using the STAR method (Situation, Task, Action, Result) to structure your answers. Show them how your experience aligns with their needs, especially in cost management and contract negotiation!
✨Follow Up
After your interview, don’t forget to send a thank-you email! It’s a great way to express your appreciation and reiterate your interest in the role. We believe this small gesture can make a big difference in keeping you top of mind for the hiring team.
✨Apply Through Our Website
When you find a role that excites you, apply through our website! It streamlines the process and ensures your application gets the attention it deserves. Plus, we’re always looking for talented individuals like you to join our team!
We think you need these skills to ace Cost and Contracts Manager in Newport
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 should tell us why you’re the perfect fit for this role. Share specific examples of your past successes in managing complex contracts and budgets, and how you’ve navigated challenges in previous projects.
Showcase Your Skills: We want to see your strong numerical and analytical skills in action! Include details about your proficiency with software tools and your ability to interpret financial data. This will help us understand how you can contribute to our team.
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. We can’t wait to see what you bring to the table!
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 Contract Law Basics
Familiarise yourself with the fundamentals of contract law and the standard forms of contracts used in the UK. Be prepared to discuss how you've navigated contract negotiations and resolved disputes in the past. This will show your depth of knowledge and experience.
✨Showcase Your Communication Skills
Effective communication is crucial in this role. Think of instances where you've successfully liaised with clients, suppliers, or project teams to resolve issues. Practise articulating these experiences clearly, as strong negotiation skills will be a key focus during your interview.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Prepare to discuss how you would handle specific situations related to cost management or contract administration. This will help you demonstrate your analytical skills and ability to work under pressure.