Cost Control Manager

Cost Control Manager

It's exciting to find yourself standing in a pivotal moment in time. It's even more exciting to be out front leading it. At QTS, our world-class data centers are supporting our customers most strategic growth initiatives, positioning us at the forefront of today's dynamic digital transformation.

As AI and cloud drive the demand for increased speed, capacity and capability, QTS has emerged as the global digital infrastructure leader, committed to connecting the world for good. Driven by purpose and fueled by a spirit of innovation, QTS designs, builds and operates some of the world's most advanced, forward-thinking data centers. QTS is a portfolio company of Blackstone.

QTS is Powered by People. People who play a vital role in our company's culture, innovation and growth. People who are committed to contributing to the communities where we operate and work. People who are knowledgeable, resourceful and mission driven. Together, we do great things.

The Cost Control Manager is responsible for managing construction budgets from project inception through completion in accordance with the construction contract documents including validation of potential change orders and associated cost. This position involves leading and collaborating with various stakeholders, including project management teams (internal and external), vendors, cost consultants, and finance and accounting teams. The ideal candidate has strong collaboration skills, advanced knowledge of construction documents, analytical abilities, attention to detail, and proficiency in financial and project management software tools.

What You Will Do :

• Examine construction contract documents and ensure continuous compliance with the contract and relevant laws.
• Evaluate contractors' requests to award (RTA) to subcontractors, provide recommendations to the project management team for review, and monitor buyout savings.
• During the monthly review of the pay application, ensure that contractors' schedule of values aligns with the contract, verify the required monthly documentation, reconcile the project budget as needed, and inform the project management teams.
• Initiate purchase orders for vendors and ensure invoices comply with the agreed terms.
• Obtain detailed monthly cash flow projections from the contractor, reconcile projections with actual figures, and provide these projections to the capital and investment teams.
• Evaluate potential change order events by thoroughly reviewing contract documents and relevant cost information and offer well-informed recommendations to project management teams including substantiating claim positions.
• Maintain a log of potential change orders and their approximate costs, track approved change orders, manage the internal approval process for change orders according to the delegation of authority, and ensure review by the legal department as necessary.
• Support the finance team with the monthly loan draw process as required, including acquiring any necessary documentation from the contractor or its subcontractors.
• Conduct weekly and biweekly meetings with external construction managers, internal project management teams, and consultants to review pay applications, required documentation, and change order status. Ensure that all teams adhere to the specified review timelines.
• Manage third party change management or cost auditing teams that are assigned to the project.
• Mentor and support growth of internal Cost Engineers.

What You Will Need to Be Successful :

Nice to Have :

Knowledge Skill and Abilities You Will Need :

Total Rewards :

This role is also eligible for a competitive benefits package that includes medical, dental, vision, life, and disability insurance; 401(k) retirement plan; flexible spending and HSA accounts; paid holidays; paid time off; paid volunteer days; employee assistance program; tuition assistance; parental leave; military leave assistance; QTS scholarship for dependents; wellness program, and other company benefits. This role is bonus eligible and may be eligible for equity.