Y. T. REALTY GROUP LIMITED
Quantity Surveyor / Project Cost Manager
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The Role
We are looking for a hands-on Quantity Surveyor to take commercial ownership of a large-scale residential regeneration project in London. This is a site-based, delivery-focused role where you will manage the full cost lifecycle — from procurement through to final account — working alongside a multi-disciplinary project team.
You will be responsible for managing multiple subcontract packages, controlling variations, forecasting final costs, and ensuring robust financial governance throughout the construction phase.
Key Responsibilities
Procurement & Subcontract Management
- Develop scope of works and package breakdowns for specialist subcontract packages
- Prepare and manage tender lists, issue tender documents, and evaluate returns
- Conduct tender interviews, post-tender clarifications, and pre-award meetings
- Prepare and execute subcontract documents in line with Group frameworks
- Ensure fair and transparent tender processes with full audit trails
Cost Control & Reporting
- Prepare and present monthly cost reports, valuations, and Cost Value Reconciliations (CVRs) to senior management
- Monitor project expenditure against approved budgets and forecast final costs with accuracy
- Identify and report potential cost overruns early, recommending corrective actions
- Maintain subcontractor monitoring spreadsheets (procurement schedules, appointment records)
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Variation & Change Management
- Assess cost implications of design changes and issue variation orders
- Negotiate variation values with subcontractors and agree site instructions
- Track and report on cumulative variation exposure across all packages
- Support the Project Manager in evaluating financial impacts of site programme decisions
Payments & Final Accounts
- Process subcontractor interim payments in accordance with contract terms
- Prepare and issue payment notices and relevant documentation on time
- Negotiate and agree final accounts with subcontractors within one month of practical completion
- Ensure all final account submissions are accurate, substantiated, and properly recorded
Stakeholder Collaboration
- Attend design team meetings, subcontractor progress meetings, and commercial reviews
- Work closely with technical, engineering, construction, sales, and customer service teams
- Liaise with procurement on material/plant ledger expenditure and forecasting
- Support the project team with commercial advice and contractual awareness
What We Are Looking For
Experience
- Proven track record in a Quantity Surveying role with a residential developer or main contractor
- Site-based experience, with exposure to large-scale regeneration or mixed-use schemes
- Full lifecycle experience: procurement, variations, valuations, and final accounts
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Qualifications
- Degree or HNC/HND in Quantity Surveying, Construction Economics, or a related discipline
- RICS or CIOB accreditation (or working towards) is highly desirable
Technical Skills
- Strong knowledge of JCT contracts and subcontract procurement routes
- Proficient in cost planning, measurement, tendering, valuations, and final account settlement
- Solid understanding of building regulations, construction techniques, and materials
- Advanced Excel skills; experience with COINS or similar commercial systems is advantageous
Personal Attributes
- Self-motivated and proactive — able to take ownership of packages with minimal supervision
- Commercially astute — instinct for protecting margins and identifying savings
- Strong negotiator and communicator — confident presenting to stakeholders at all levels
- Resilient and composed under pressure in a fast-paced site environment
- Collaborative team player who builds strong working relationships across disciplines
- Detail-oriented with a commitment to accuracy and compliance
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