Senior Cost Manager

Job description / Role

JLL empowers you to shape a brighter way

Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world-class services, advisory, and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers, and find a place where they belong. Whether you've got deep experience in commercial real estate, skilled trades, or technology, or you're looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.

Role

The Senior Cost Manager will oversee, coordinate, and manage cost/commercial obligations for a package or individual project.

Responsibilities

• Provide support to cost and commercial leadership in the delivery of pre and post-contract services.
• Manage and update project budgets.
• Provide pre-contract cost management including:
• Prepare and present cost plans for the various work stages including pre-tender estimates on mega schemes for primary and secondary infrastructure, various types of hospitality, residential, recreational, and commercial assets. Advise on project construction costs, risks and contingencies, and construction inflation.
• Prepare cash flow forecasts in line with development master schedules.
• Participate in meetings and workshops with clients and design consultants and advise on the cost of various design alternatives.
• Review detailed quantity measurements, BOQs compilation in accordance with approved method of measurement (such as POMI, CESSM, NRM, etc.), including preliminaries and general requirements.
• Prepare vendor prequalification documentation and score vendor submissions from a financial/cost aspect in line with client's requirements.
• Prepare tender documents in line with client's requirements and provide responses to tenderers' commercial queries.
• Participate and provide cost input for value engineering workshops at the various design stages.
• Review tender returns and prepare commercial tender evaluations including spike/low rates, side-by-side comparisons, and for compliance with tender requirements where required by the client.
• Assist the client in negotiations with preferred bidders.
• Prepare notice of award/letter of acceptance.
• Compile contract documents.
• Provide post-contract cost management including:
• Prepare project/districts cost management plan describing the various processes and procedures for managing the project's design and construction costs, defining roles and responsibilities of the various stakeholders, with all necessary forms and templates.
• Prepare cost estimates for potential variations before issuing instructions to consultants and contractors.
• Set up and agree payment mechanisms with the client and consultants/contractors in line with the pertinent agreements/contracts.
• Review and timely assess consultants'/contractors' payment applications in line with pertinent payment terms and client's procedures. Request any missing supporting documents and justification to ensure services/works have been satisfactorily performed to warrant payment in accordance with service agreement/construction contract documents.
• Review and advise on consultants'/contractors' variations and claims requests.
• Administer terms of the consultancy agreement/construction contracts to ensure performance of the services/works within agreed upon price and time for completion.
• Respond to consultants'/contractors' notices in line with the respective agreement/contract.
• Prepare and maintain trackers for variations and claims.
• Review bond and insurances based on the contract terms.
• Prepare final payments and for the release of retention monies.
• Participate in risk meetings and provide input to risk registers.
• Being strong in contract administration, comfortable on site walks with project teams, prepare cash flow reports, draft monthly payment recommendations, and weekly commercial dashboards, managing variations and assist in closing out projects and claims/variations.
• Carry out QA/QC checks of cost consultants' deliverables in line with company policies.
• Produce weekly dashboards and monthly cost reports and other ad hoc reports as required by the client.
• Prepare meeting minutes.
• Perform other related duties as required, supporting team members across disciplines.

Experience / Skills

• Minimum 12 years of post-qualification experience in pre and post-contract.
• Experience in cost planning, working in consulting is essential.
• Advanced working knowledge of MS Office, AutoCAD, and CostX.
• Excellent resource, planning, and time management skills.
• Good report writing and communication skills.
• Fluency in English both verbal and written communication.

Qualifications

• University degree in subject matter (e.g., BSc Engineering, Quantity Surveying, or equivalent) on a full-time basis.
• MRICS would be advantageous but not essential.

Location

Riyadh, SAU

If this job description resonates with you, we encourage you to apply even if you don't meet all of the requirements. We're interested in getting to know you and what you bring to the table!

JLL is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, including the online application and/or overall selection process, please let us know.

About the Company

In the Middle East and North Africa, Jones Lang LaSalle is a leading player in its real estate markets including the hospitality sector. The firm has worked in over 22 Middle Eastern and North African countries and over the last year has advised clients on more than $120 billion worth of real estate, hotel and hospitality development.

We continually create value for our clients and partners by challenging conventional thinking and employing innovative investment solutions. The rapid pace of change in the region creates significant opportunities, challenges and complex decisions for investors.

Jones Lang LaSalle is recognized as having leading real estate and hospitality expertise with a leadership team that has held senior positions with some of the largest real estate developers, hospitality companies and corporate groups in the Middle East and internationally.