Quantity Surveyor / Project Cost Manager

Company: Y. T. REALTY GROUP LIMITED
Apply for the Quantity Surveyor / Project Cost Manager
Location: London
Job Description:

Job Description

THE ROLE

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We are looking for a hands-on Quantity Surveyor to take commercial ownership of a large-scale residential regeneration project in London. This is a site-based, delivery-focused role where you will manage the full cost lifecycle — from procurement through to final account — working alongside a multi-disciplinary project team.

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You will be responsible for managing multiple subcontract packages, controlling variations, forecasting final costs, and ensuring robust financial governance throughout the construction phase.

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KEY RESPONSIBILITIES

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Procurement & Subcontract Management

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  • Develop scope of works and package breakdowns for specialist subcontract packages
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  • Prepare and manage tender lists, issue tender documents, and evaluate returns
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  • Conduct tender interviews, post-tender clarifications, and pre-award meetings
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  • Prepare and execute subcontract documents in line with Group frameworks
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  • Ensure fair and transparent tender processes with full audit trails
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Cost Control & Reporting

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  • Prepare and present monthly cost reports, valuations, and Cost Value Reconciliations (CVRs) to senior management
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  • Monitor project expenditure against approved budgets and forecast final costs with accuracy
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  • Identify and report potential cost overruns early, recommending corrective actions
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  • Maintain subcontractor monitoring spreadsheets (procurement schedules, appointment records)
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Variation & Change Management

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  • Assess cost implications of design changes and issue variation orders
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  • Negotiate variation values with subcontractors and agree site instructions
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  • Track and report on cumulative variation exposure across all packages
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  • Support the Project Manager in evaluating financial impacts of site programme decisions
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Payments & Final Accounts

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  • Process subcontractor interim payments in accordance with contract terms
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  • Prepare and issue payment notices and relevant documentation on time
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  • Negotiate and agree final accounts with subcontractors within one month of practical completion
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  • Ensure all final account submissions are accurate, substantiated, and properly recorded
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Stakeholder Collaboration

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  • Attend design team meetings, subcontractor progress meetings, and commercial reviews
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  • Work closely with technical, engineering, construction, sales, and customer service teams
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  • Liaise with procurement on material/plant ledger expenditure and forecasting
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  • Support the project team with commercial advice and contractual awareness
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WHAT WE ARE LOOKING FOR

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Experience

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  • Proven track record in a Quantity Surveying role with a residential developer or main contractor
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  • Site-based experience, with exposure to large-scale regeneration or mixed-use schemes
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  • Full lifecycle experience: procurement, variations, valuations, and final accounts
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Qualifications

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  • Degree or HNC/HND in Quantity Surveying, Construction Economics, or a related discipline
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  • RICS or CIOB accreditation (or working towards) is highly desirable
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Technical Skills

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  • Strong knowledge of JCT contracts and subcontract procurement routes
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  • Proficient in cost planning, measurement, tendering, valuations, and final account settlement
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  • Solid understanding of building regulations, construction techniques, and materials
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  • Advanced Excel skills; experience with COINS or similar commercial systems is advantageous
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Personal Attributes

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  • Self-motivated and proactive — able to take ownership of packages with minimal supervision
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  • Commercially astute — instinct for protecting margins and identifying savings
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  • Strong negotiator and communicator — confident presenting to stakeholders at all levels
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  • Resilient and composed under pressure in a fast-paced site environment
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  • Collaborative team player who builds strong working relationships across disciplines
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  • Detail-oriented with a commitment to accuracy and compliance
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Posted: September 3rd, 2026