Construction Cost Manager

Job Description

Job Description

The Construction Cost Manager is responsible for managing and controlling project costs throughout the lifecycle of construction projects. This role involves cost estimation, budgeting, forecasting, contract evaluation, and financial reporting to ensure projects remain within budget while maintaining quality and efficiency.Duties / Responsibilities

Develop and oversee project budgets, ensuring financial accuracy and alignment with cost objectives

Prepare cost estimates and forecasts for various phases of construction projects

Track project expenses, analyze financial reports, and identify cost-saving opportunities

Review and assess contractor bids, contracts, and change orders to ensure cost efficiency

Collaborate with project managers, engineers, and stakeholders to monitor financial progress

Implement cost control measures to prevent budget overruns

Conduct risk analysis related to construction costs and develop mitigation strategies

Enhance and maintain cost tracking systems and reporting tools

Ensure compliance with company policies, industry standards, and legal requirements

Assist in negotiating contracts and agreements with vendors and subcontractors

Provide financial insights and reports to senior management for decision-making

Work closely with procurement and finance teams to optimize purchasing strategies

Participate in project audits and financial reviews related to construction expenses

Stay updated with industry trends, market rates, and best practices in cost management

Other duties as assigned by SupervisorMinimum Qualifications

Bachelors degree in construction management, finance, engineering, or a related field

Minimum of 7 years of experience in construction cost management, estimating, or financial planning

Proficiency in construction cost estimation software and financial modeling tools

Strong knowledge of construction contracts, procurement processes, and cost-control techniques

Experience with budgeting, forecasting, and financial reporting in the construction industry

Excellent organizational and project management skills

Industry-related certifications (e.g., Certified Cost Professional, RICS, or similar) preferred

Full-time