A Cost Manager, also referred to as a Quantity Surveyor, is an integral part of a construction team. In this dynamic and multifaceted role, Cost Managers are involved all aspects of construction. Beginning with the capital expenditure phase of a building or facility, which includes the feasibility, design and construction phases, and can also be involved with the extension, refurbishment, maintenance and demolition of a facility.
The construction industry is global and extends across all real estate and infrastructure markets. Cost Managers work in all sectors of the construction industry worldwide. In real estate, this covers residential, commercial, industrial, leisure, agricultural and retail facilities. In infrastructure, it covers roads, railways, water ways, airports, seaports, coastal defences, power generation and utilities. Cost Managers may also work in process engineering, such as chemical engineering plants or oil rigs.
Cost Managers must understand all aspects of construction over the whole life of a building or facility. They use this knowledge to manage cost effectively, equating quality and value with individual client needs.
Cost Manager work varied roles such as a consultant in private practice, for a developer or in the development arm of a major organization (e.g. retailer, manufacturer, utility company or airport), for a public-sector body or for a loss adjuster. On the contracting side, you could be working for a major national or international contractor, a local or regional general contractor, for a specialist contractor or sub-contractor, or for a management style contractor.
Explore what Cost Managers do
A Cost Manager should be able to:
Construction technology and environmental services for domestic and more complex buildings
Procurement and tendering
Design economics and cost planning
Quantification and costing of construction works
Construction law and standard forms of contract
Project financial control and reporting