The Cost Manager is concerned with projecting and managing the expenditures of a construction business, monitoring finances and identifying potential cost risks to prevent spend over budget.
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The Cost Manager is responsible for pre- and post-contract quantity surveying duties, which also entails preparing cost estimates and tenders, and contract administration. They must also be strong communicators, as they are also required to complete feasibility studies and procurement reports.
Regarding tender preparation, Cost Managers must produce tender lists, analyses and reports, compile preliminaries, and put together contractual documents for the procurement process.
Cost Managers are also responsible for undertaking regular cost checks and valuations as required, with attention to detail and accuracy being of utmost importance.
The Cost Manager role involves collaboration with both internal and external parties, from clients to stakeholders. Strong communication and interpersonal skills are required to be successful in the role.
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