Cost Manager – Real Estate

Company: Turner & Townsend
Apply for the Cost Manager – Real Estate
Location: London
Job Description:

Overview

As a Cost Manager in our Consulting practice, you help clients deliver real estate and infrastructure projects within budget and timeline targets. You will collaborate with cross-functional teams across feasibility, procurement, and post-contract cost control to drive value and predictability. The role blends technical cost management with client-facing leadership, offering exposure to large-scale new builds and fit-outs. You will shape cost strategies and improvements that support project success and client outcomes.

Pay / Benefits

  • flexible working environment
  • focus on work-life balance
  • equal opportunity employer
  • supportive culture
  • career development opportunities
  • inclusive workplace

Responsibilities

  • Assist with feasibility studies and procurement reports
  • Estimate and plan costs, present the final cost plan
  • Manage tendering, pre-qualification, tender list, preliminaries, analysis, and reports
  • Handle post-contract cost variances and change control
  • Conduct cost checks and valuations, ensuring accuracy
  • Produce and present monthly post-contract cost reports
  • Input into value engineering
  • Negotiate and agree on final accounts
  • Interface with clients and consultants at all project stages
  • Lead cost management team, ensuring accountability
  • Identify new business opportunities with existing clients
  • Assist in producing bid documentation
  • Improve cost management procedures, templates, and products
  • Ensure key information and learnings are input into the internal database
  • Track financial management using FMS
  • Identify and refer ideas for process improvement
  • Assess commission management quality and efficiency

Key requirements

  • Degree qualified in Quantity Surveying
  • MRICS qualified or working towards
  • UK Cost Management experience within the Real Estate/Property sector
  • Experience working on larger projects
  • Experience working on new build and fit-out projects
  • Excellent communication skills and client facing
  • leadership and people management
  • communication and stakeholder management
  • client-facing collaboration
  • Cost planning and estimation
  • Tendering and procurement processes
  • Post-contract cost management and variances

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Posted: October 16th, 2026