*Activities may vary depending on project requirements.
Key Responsibilities
- Conduct feasibility studies and prepare procurement reports specific to hotel development projects.
- Review construction plans, prepare quantity take-offs, and manage contract preparation and administration.
- Develop and review detailed cost estimates and comprehensive cost plans for hospitality projects.
- Lead estimating and cost planning activities, presenting final cost plans to stakeholders.
- Apply value management techniques at project inception, leveraging specialist teams where appropriate.
- Manage the procurement process, including strategy development, bid evaluations, negotiations, and contract preparation for hotel construction and fit-out.
- Oversee post-contract cost variances and change control processes, ensuring design changes are documented and budgets updated.
- Conduct cost checking and valuation work, ensuring accuracy and compliance.
- Prepare and present monthly post-contract cost reports to clients.
- Drive value engineering and life cycle costing, providing insights to optimize hotel development investments.
- Negotiate and agree final accounts with contractors and stakeholders.
- Establish and maintain strong professional relationships with clients, consultants, and contractors throughout all project stages.
- Lead cost management teams where appropriate, including recruitment, resource allocation, and staff appraisals.
- Capture lessons learned and contribute to organizational knowledge management databases.
- Utilize financial management systems to track margins, fees, and resource forecasts.
- Identify and implement process improvements to enhance efficiency.
- Liaise with site managers, clients, contractors, and subcontractors to ensure smooth project execution.
- Review and approve subcontractor proposals, contracts, change requests, and payment applications.
- Monitor invoicing and ensure payments are processed accurately and in line with contracts.
- Advise project managers and clients on unforeseen costs or potential overruns, proposing corrective actions.
- Travel to hotel development sites as required, with flexibility to be based on-site when necessary.