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Cost Consultant

Toronto
Job Order: MG-1445

Job Descriptions:

 

  • Working with our loan monitoring team, the Cost Consultant will review and verify all project-related documentation and contracts, prepare and track all budgets, commitments and costs incurred, and forecast an independent cost-to-complete for the project.
  • The Cost Consultant will be responsible for acting as the independent interface between lenders and developers.
  • The Cost Consultant will also track the projected revenues, development approvals, compliance documentation, construction contracts and committed revenue, and provide in‐depth monthly reporting on the project until completion and repayment of the mortgage.
  • Visit construction sites on a monthly basis to review the contractor and subcontractor progress claims
  • Deliver pre-development services to establish feasibility of the project and identify any risks
  • Provide review of development schedule, such as overall progress of the project and anticipated completion dates to the lender
  • Establish and track project budget, along with cost to date and cost to complete
  • Develop cash flow projections and summaries
  • Confirm borrower’s equity contributions
  • Prepare and submit preliminary report to the lender before any loan advances are issued to the borrower
  • Review construction contracts and other forms of commitments to minimize any risks of completion of the project
  • Provide approvals on insured deposit advances and keeping the insurance lender up to date and provide access to the funds
  • Process payment certification under construction contracts in compliance with the Provincial Lien Act
  • Negotiate change orders with contractors in accordance to the terms of the agreed contract
  • Perform reviews of all material financial project documentation implications

 

 

Job Requirements:

 

  • Bachelor’s Degree and/or College Diploma in Construction Management, Quantity Surveying, Civil/Structural Engineering, Building Science or in a related field
  • 3 + years of related experience in loan monitoring and project monitoring
  • Strong understanding of RICS Project Monitoring guidelines and standards RICS/PQS certification is an asset
  • Superior communication and time management skills, along with the ability to manage multiple projects at any given time
  • Intermediate level of understanding of construction estimates, development schedules
  • In-depth knowledge of the construction industry - development, contracting & consultant services
  • Working knowledge of the Provincial lien act and CIQS standard method of measurement – elemental/trade
  • Strong understanding of standard contract conditions – CCDC LEED is an asset

 

DATE POSTED 2019-10-31

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