At a Glance
- Tasks: Manage project costs and budgets for exciting building and engineering projects.
- Company: Dynamic company based in London, Docklands with a focus on innovation.
- Benefits: Competitive salary, travel allowance, bonus scheme, pension, and health insurance.
- Other info: Great opportunity for career growth in a collaborative environment.
- Why this job: Join a team that values your input and enhances project value while maintaining quality.
- Qualifications: 5+ years of cost management experience and excellent communication skills.
The predicted salary is between 50000 - 65000 £ per year.
Competitive Salary + Excellent benefits (travel allowance, bonus scheme, pension, health insurance)
Location: London, Docklands
Job Type: Permanent / Full Time
Starting Date: asap
The Cost Manager within our Project Management team is responsible for preparing, completing and submitting for review, all building and services engineering costs on a wide variety of Business-As-Us-ual and major capital expenditure projects. Enhancing value for money while maintaining required installation standards and quality.
Key tasks:
- Develop detailed project budgets for Building and MEP installations for review with the commercial team and project teams.
- Actively review and challenge the developing scope of works, design, tender and tender review information and present it to the rest of the Commercial Team.
- Develop the Project Budget into a detailed Cost Plan with a cash-flow forecast, advising the commercial team of any deviation.
- Monitor project expenditure.
- Work alongside the Procurement department in the execution of the tendering process, actively participating in the selection process of contractors and suppliers.
- Participate in the administration of contracts, by assessing financial impacts, assessing the value of materials and the progress of the works for the purpose of Valuations.
- Evaluate Building and MEP related contractor/supplier claims (Loss & Expense), Payless Notices, and Extensions of Time.
- Complete Section and Practical Completion Account negotiations and preparation of final accounts.
- Prepare Building and MEP cost-related activities for insurance, insurance claims, and Capital Allowances.
- Raise PRF’s and monitor approvals for the release of the PO on the accounting system (currently Coupa).
- Fully utilise the deployed document management system relating to Projects (currently ASite).
Qualifications and Skills:
- Degree or other equivalent qualification (Desired).
- Membership of Professional Institute (Desired).
- Experience of Data Centre M&E (Desired).
- Cost Management Experience (5+ years).
- Competence demonstrated by work experience and/or qualifications.
- Excellent communications skills.
- Team player, with a proactive approach.
Cost Manager employer: Telehouse
As a leading employer in the heart of London Docklands, we offer a dynamic work environment that fosters collaboration and innovation within our Project Management team. Our commitment to employee growth is reflected in our comprehensive benefits package, including a competitive salary, travel allowance, and health insurance, alongside opportunities for professional development and career advancement. Join us to be part of a culture that values excellence and teamwork, while contributing to impactful projects that enhance value for money and quality standards.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and join relevant groups. 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. Understand their values and how you can contribute as a Cost Manager. Tailor your responses to highlight your experience with budgets and cost management.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. Focus on articulating your experience with MEP installations and project budgets.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Cost Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Cost Manager role. Highlight your experience in cost management, especially in building and MEP installations. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Share specific examples of your past projects and how you enhanced value for money.
Show Off Your Communication Skills:As a Cost Manager, communication is key! In your application, demonstrate your ability to collaborate with teams and present information clearly. We love a proactive team player!
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 hear from you!
How to prepare for a job interview at Telehouse
✨Know Your Numbers
As a Cost Manager, you'll need to demonstrate your expertise in budgeting and cost management. Brush up on key financial metrics and be ready to discuss how you've developed project budgets in the past. Use specific examples to show how you enhanced value for money while maintaining quality.
✨Understand the Project Lifecycle
Familiarise yourself with the entire project lifecycle, especially in relation to Building and MEP installations. Be prepared to talk about how you've monitored project expenditure and managed cash-flow forecasts. This will show that you can handle the complexities of cost management effectively.
✨Communicate Clearly
Excellent communication skills are crucial for this role. Practice articulating your thoughts clearly and concisely. Think about how you would present complex cost information to the commercial team and ensure you can explain your reasoning behind budget decisions.
✨Show Your Team Spirit
Being a team player is essential in this role. Prepare to discuss how you've collaborated with procurement teams and other departments in the past. Highlight any experiences where your proactive approach led to successful outcomes, as this will resonate well with the interviewers.
