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Cost Lead

2 weeks ago


Toronto, Canada Bechtel Full time

**Requisition ID: 258540**
- ** Relocation Authorized: National - Family**:

- ** Telework Type**:Full-Time Office/Project**:

- ** Work Location: Toronto,Ontario**

**Position Overview**:
Bechtel is among the most respected engineering, project management, and construction companies in the world. Bechtel operates through four global business units that specialize in infrastructure; mining and metals; nuclear, security and environmental; and oil, gas, and chemicals. Today, our colleague's team with customers, partners, and suppliers on diverse projects in nearly 40 countries. Bechtel Infrastructure, along with key sub-vendors Bantrel and Comtech, has been appointed the Delivery Partner role within an integrated team with the customer, Metrolinx, for the Ontario Line Subway (OLS) Project. The project scope includes the design build, operations, and maintenance of all infrastructure and rail systems associated with 16km of new alignment, 15 new stations and related works being performed by three key P3 Contractors and multiple advanced early works (EAW) packages Contractors. Bechtel’s team forms the key component of the overall leadership team, having delivery partner responsibilities supported by two other components, Technical Advisor (TA) and Program Controls Services Consultant (PCSC).

**Position Summary**:
The Cost Lead is responsible for directing the cost engineering, cost estimating, and cost analysis/control activities for the project. Will identify, analyze, and provide innovative solutions to cost engineering problems. Supports and promotes improvement measures and implementation of recommendations. Supports organizational and administrative activities related to the Project costs and performance metrics.

**Responsibilities**:

- Interfaces with designated Delivery Partner and Metrolinx management for specific cost presentations. Summarize and present cost engineering principles that reach appropriate conclusions and implement cost containment plans.
- Organize, reconcile, and participate in the recommendation of team actions for closeout of large to mid-size subcontracts, interfacing with Accounting/Finance, Subcontracts and Cost/Project Controls data.
- Reviews project work activities to ensure support of project milestones. Coordinates and establishes scoping requirements for the overall cost estimate by discipline or other specialty, and coordinates the timely, systematic, and complete acquisition of scope definition and related data.
- Coordinates pricing structure or criteria to be used by each discipline or specialty to meet the objectives of the cost estimate. Establishes format and content of summaries and reconciliations, including segregation of cost according to the level of confidence and identification of areas of risk.
- Interprets and executes policy, objectives, and standards applicable to cost control and cost analysis activities.
- Directs cost analysis and problem-solving activities and develops and executes policy objectives and standards applicable to cost analysis activities.
- Creates and implements measurement systems for given processes, analyzes performance metric results, and identifies improvements. Ability to use statistical tools to analyze metrics (e.g., regression, analysis of variance, correlation), and ability to analyze measurement systems to identify bias, repeatability, and stability issues.

**Qualificatiions and Skills**:
**Basic Qualifications**:

- Experience and demonstrated skill in directing cost engineering functions, including cost estimating, cost control, and cost analysis, in the field and the home office. Experience and demonstrated skill in establishing criteria for Project Controls activities.
- Skilled in providing direction, personnel administration, and training of technical and non-technical personnel.
- Demonstrated skill in identifying, analyzing, and solving problems.
- Advanced level of knowledge of engineering, procurement, contracts, construction, and startup work processes.
- Knowledge of engineering and construction management is customarily acquired over time through specialized instruction or practical experience.
- Knowledge of current industry and technical developments.
- Must be able to independently provide guidance, training, and coaching to junior and mid-grade cost engineers with multiple backgrounds and experience.
- Must have excellent communications and presentation skills to combine sound analytical cost engineering principles with the ability to summarize, reach appropriate conclusions, and implement cost containment plans.
- Bachelor’s degree in Engineering, Construction Management, or related field required and a minimum of 15 years of related work experience in project controls with an emphasis on managing overall project costs required.
- Experience on a large lump sum, EPC, projects in a lead cost capacity or deputy lead cost role. Rail works, large civil project experience a plus.
- Previous delivery partner