Senior Cost Manager - MEP (225-717)

The role of a Senior Cost Manager specializing in Mechanical, Electrical, and Plumbing (MEP) is a vital position in the construction and project management industry. This role necessitates an individual who possesses a comprehensive understanding of cost control, estimation, and financial management within MEP systems. The Senior Cost Manager will engage with multiple stakeholders, including clients, contractors, and engineers, to ensure that projects are executed within budgetary constraints while maintaining quality standards. This position demands strategic thinking, precision, and the ability to navigate complex financial landscapes. The successful candidate will be responsible for delivering cost-effective solutions, optimizing resource allocation, and minimizing expenditures while ensuring that projects meet the desired quality and client expectations.

Responsibilities

• Develop detailed cost estimation and analysis reports for MEP projects and systems.
• Liaise with clients to understand their budgetary constraints and project requirements.
• Monitor project costs and financial performance to ensure alignment with budgets.
• Conduct risk assessments and provide strategies to mitigate financial risks.
• Coordinate with project managers and engineers to optimize cost-efficiency in designs.
• Prepare comprehensive procurement strategies and tender documents for MEP systems.
• Evaluate and negotiate contracts with vendors and subcontractors for MEP components.
• Implement change management procedures to control costs effectively during projects.
• Ensure compliance with financial and regulatory standards in cost reporting processes.
• Analyze market trends and cost indices to influence budgeting and forecasting strategies.
• Provide training and mentorship to junior cost managers and support staff.
• Prepare and present financial progress reports to stakeholders and senior management.

Requirements

• Bachelor’s degree in Quantity Surveying, Engineering, or a related field is required.
• Extensive experience in cost management within the MEP construction industry.
• Proven expertise in financial analysis, budgeting, and risk management principles.
• Strong knowledge of industry standards, codes, and regulations for MEP systems.
• Excellent negotiation, communication, and interpersonal skills are essential.
• Proficiency in cost management software and Microsoft Office Suite is mandatory.
• Ability to work effectively under pressure and meet tight deadlines consistently.