The purpose of this position is to develop cost estimates in support of a project management delivery team/solution.
Characteristics of responsible costs:
Complexity: Medium to High Risk: Medium Duration: Midterm [weeks to months]
Value: Typically < $2 Million USD
Region: LMA and/or Local GWS Account
ESSENTIAL DUTIES AND RESPONSIBILITIES
Prepare accurate and detailed construction cost estimates in a BOQ (Bill of Quantities) or similar format, from high-level conceptual design through final construction document completion. Support the Cost Manager in the development of an overall Project Cost Plan.
Research regional pricing of material and labor using published documents and market data. Produce detailed quantity take-offs using OST (or similar cost platform). Maintain cost benchmarking information as point of comparison to market data; adjust as necessary based on client attributes, market conditions, and project specifics.
Interfaces directly with Clients or cost/project management team to define cost requirements and goals and issue recommendations as needed. Set up estimate work breakdown structure to align with budget and cost reporting system.
Understand best practices in construction pricing and delivery methods; participate in design reviews and lead value engineering reviews to achieve budgetary goals. Work in partnership with engineering teams and participate in design and construction meetings to guide design solutions with cost efficiencies.
Prepare detailed bid analysis and review sessions with project teams and senior management to validate a quantity record booklet (or equivalent) submitted by contractors/subcontractors. Perform peer review of estimates generated by other functional teams contributing to the project solution; issue recommendations and input for use on the project.
Support the Project/Cost Manager when reviewing and approving large change orders and the review of invoices submitted for review/approval during the project.
Work with the Project Manager to produce monthly project reports on estimating activities. Implements cost documentation governance aligned with company and Client requirements. Ensure cost data integrity and documentation is accurate, timely, and coordinated. Implements communication plan for meetings and written reports/meeting minutes to keep client and cost resources informed.
Tracks progress of each estimated costs against goals, objectives, approved budgets, approved timelines. Reports status and variances. Creates action plans to meet objectives, budget, and schedule.
Implements change management processes during estimating/design period to assess change requests, make recommendations, secure client approvals, and issue change orders. Assesses change requests to determine impacts to scope, budget, schedule, quality, and risk.
Demonstrates ability to identify cost risks, develop risk mitigation and contingency plans, and implement action plans to reduce or eliminate cost risks.
Other duties as assigned.
No formal supervisory responsibilities in this position.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor's degree (BA/BS/BEng/BArch) from College or University in a technical area of study.
Minimum three years of related experience and/or training.
CERTIFICATES and/or LICENSES
RICS (Royal Institute of Chartered Surveyors) or CIOB (Chartered Institute of Building) accreditation preferred.
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
Requires knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts basic financial analysis.
Ability to understand and carry out general instructions in standard situations. Ability to solve problems in standard situations. Requires intermediate analytical and quantitative skills.
OTHER SKILLS and/or ABILITIES
Intermediate skills with Microsoft Office Suite. Working knowledge in MS Project is helpful. Knowledge with estimating software such as OST preferred. Ability to read and understand architectural drawings. Knowledge of leases, contracts, and construction practices preferred.
SCOPE OF RESPONSIBILITY
Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Errors in judgment may cause short-term impact to co-workers and supervisor.
Internal Number: 18026348
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.