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QTS Data Centers · 11 hours ago

Development Cost Manager

United States

Full-time

Remote

Senior Level

7+ years exp

QTS Data Centers is seeking a Development Cost Manager to oversee commercial and procurement control while managing cost options throughout project stages. The role involves collaboration with procurement teams and external suppliers to ensure optimal cost management and compliance with financial controls.

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Responsibilities

Ensuring accurate and timely cost information is presented at program level fortnightly and monthly as required

Producing monthly reporting comparing budget v forecast and that accurate cash flow information is being tracked and reported

Ensuring project change trends are being tracked, summarised and root causes identified to help with continuous improvement

Ensuring all cost trends are projected forward into future schemes so that decision making on European standards can be proactively managed at programme level

Ensuring full transparency on all project cost, commercial and legal issues are reported with appropriate mitigation plans in place

Manage ongoing cost governance meetings with key internal and external stakeholders to ensure best practice is shared and cost information is pooled

Cost modelling of proposed schemes – in conjunction with External QS practices and / or self-produced estimates with appropriate Peer reviews

Ensuring Budget Management Tool (BMT) production on all projects at all stages is in line with Standards and Gating Processes and any variances from expected norms are clearly called out

Ensure Value management / value review exercises are carried out at appropriate times through the process

Ensuring construction budget management is fully in line with internal processes. (Including pre- construction and post-construction change control processes and contingency)

Ensuring that all project pre and post construction COR processes are appropriately set up and consistently managed

Ensure cost requests for sales enquires, or the like, are handled in a timely, effective, and consistent manner

Provide management oversight and reporting on consultant expenditure (soft costs); ensuring Fee trackers are in place on all projects so that the full extent of ‘Soft costs’ can be summarised at Programme level and opportunities for reduction can be identified and implemented. (To be broken down into pre and post construction services)

This role will identify areas of cost saving, value engineering and provide the Development team with possible ways of reducing costs. This exercise will continue through the project and when managing all change control processes

Provide management oversight and reporting on equipment expenditure (OFCI costs); ensuring direct order cost trackers are in place on all projects so that the full extent of ‘OFCI’ costs can be summarised at Programme level and opportunities for reduction can be identified and implemented

Ensure all commercial risks are reported monthly

Manage supplier T&Cs and re-negotiate where appropriate

Ensure tender processes are managed in a clear, consistent, and transparent way and ensuring appropriate sign off and formal approval of tender list and tender results

Ensuring QTS are contracting in appropriate currencies for each legal entity

In close collaboration with the internal Legal team and external lawyers ensuring all project legal and contractual documentation provides consistent and favourable outcomes across all European regions

Ensuring all contractual and legal documentation is consistent, clear, concise, and fit for purpose

Responsible for supporting supplier engagement and cost negotiations to maintain and reduce vendor price points

Ensuring final accounts, contractual disputes etc are tracked and managed to successful conclusion

Ensuring warranties, bonds, novation agreement, deeds, etc are tracked managed to successful conclusion

Reliable cost estimation information output metrics bench marked to market

Prediction of tender inflation indices in respective EU regions QTS operate and bench marking costs to competitors

Understand available contracting and consulting resource in all live and proposed regions. Using BMT (and BICS) cost structures create and maintain generic cost models

Support the creation fully costed design standards and ongoing management of any emerging changes to standards

Ensure cost analogues are available for helping decision making and benchmarking

Manage a cost and Commercial management manual

Ensure all internal and external stakeholders are properly briefed and trained on our process expectations

Ensuring all projects fully comply with QTSs financial controls processes

Ensure cost and commercial risk information inputs into PAFs, PIDS, DICM papers or the like are done in consistent and transparent way

Ensure full change control processes are in place to ensure full management control exist to deliver projects within approved or forecasted parameters

Flag up any risks, potential changes, or actual changes in a timely, transparent, and accurate way

Supporting periodic reviews of processes and recommend improvements

Ensure Development commercial and cost processes pass internal and external audits

Ensure all cost information is uploaded to the ‘Portal’ in an accurate and timely way