Cost Planner

About the Role

The Cost Planner supports the project team by preparing, monitoring, and updating cost plans throughout the construction project. They assess design and scope information, forecast likely project costs, and help ensure the project remains aligned with its budget and financial objectives.

Working with the Project Manager, design team, quantity surveyors, and contractors, the Cost Planner provides clear cost information to support planning and decision-making. They identify cost risks and opportunities, assess the financial impact of design changes, and help compare options to achieve value for money without compromising project requirements.

Key Responsibilities

• Prepare and update cost plans, estimates, and project budgets at different stages of design and construction.
• Review drawings, specifications, schedules, and other project information to identify cost requirements and potential gaps.
• Develop cost estimates using appropriate measurement, pricing, benchmarking, and forecasting methods.
• Monitor project costs against the approved budget and report variances, risks, and trends.
• Assess the cost impact of design changes, scope adjustments, and proposed alternatives.
• Work with designers and project teams to identify cost-saving opportunities and support value engineering.
• Obtain and review cost information from suppliers, contractors, and specialist subcontractors.
• Maintain accurate cost records, assumptions, and supporting documentation.
• Provide cost updates and reports to support project reviews and management decisions.
• Contribute to risk assessments, contingency planning, and financial forecasting.

Qualifications & Experience

• Degree, or equivalent qualification in quantity surveying, cost management, construction economics, or a related discipline.
• Experience in cost planning or estimating within the construction industry.
• Knowledge of construction methods, materials, measurement, and pricing.
• Experience reviewing design information and preparing or updating construction cost estimates.
• Familiarity with cost-management processes, procurement, and project budgets.
• Strong numerical, analytical, and problem-solving skills.
• Good understanding of construction costs, specifications, and project documentation.
• Ability to explain cost information clearly to technical and non-technical stakeholders.
• Strong attention to detail and accuracy in estimates and records.