Cost Contract Manager - Fraser River Tunnel Project

About us: Transportation Investment Corporation (TI Corp) is a public crown corporation dedicated to delivering major infrastructure projects in British Columbia on behalf of the Ministry of Transportation and Infrastructure. With approximately $15 billion in major infrastructure developments, we are committed to upholding the highest standards of construction oversight. We believe that: Success is shared. Relationships matter. Teamwork builds capacity. Challenges are embraced. We do what we say we will do. About the Project: The Fraser River Tunnel Project is a new eight-lane immersed tunnel that will replace the existing George Massey Tunnel on Highway 99, providing people a toll-free crossing that aligns with regional interests and an active transportation connection across the Fraser River. It is being delivered as a Progressive Design-Build with Target Price and the project is currently initiating the Development Phase to finalize the design and target price with the Contractor. Project planning is currently underway with opening of the new tunnel anticipated for 2030. To learn more about this exciting project please visit out project website at highway99tunnel.ca . Position Overview: We are seeking a skilled Cost Contract Manager to support the development, management, and execution of the project commercial management workplans as they related to Target Price and the administration of Project Agreements (PAs) between the Owner and Project Contractor as it relates to target cost. Join Our Team TI Corp is dedicated to delivering exceptional project outcomes through innovative commercial management practices. We value collaboration, integrity, and continuous improvement. If you are a driven professional with a passion for commercial management and a desire to contribute to project success, we encourage you to apply This is an exciting opportunity to make a significant impact on our project delivery and financial performance. Key Accountabilities: Builds and refines processes around cost reimbursable payment models, both external for Project Contractors and internal to meet the performance and governance requirements of TI Corp. Provides subject matter expertise related to target cost process and particulars in PA Agreement to the team as required. Leads evaluation of monthly payment applications from Project Contractors, meets process timelines and performs evaluations to required level of validation. Ensures accuracy in payment certified. Liaises with Project Contractor to agree monthly payment applications. Negotiates and resolves payment issues as between the Project Contractors and TI Corp and escalates where appropriate. Develops and implements best practices and issue resolution using the experience of other TI Corp projects, external projects, professional experiences and external resources. Compiles and provides cost data from monthly payment valuations to Project Controls, Finance and Contract and Commercial to enable analysis, reporting and change valuation. Expedites monthly commercial deliverables from Project Contractor, to enable Province understanding of the Project’s financial performance. Conducts monthly review of constructions progress in the field and works with support from Project Controls to validate monthly performance metrics of contractor. Manages and guides functional reports and cost engineers to undertake monthly payment administration. Attends key commercial and construction meetings, both internal and external. Undertakes other related commercial tasks under the guidance of the Commercial & Contracts Director. Drafts lessons learned from projects for continuous improvement of target cost processes. Provides training on target cost particulars for the Commercial and Contracts team, other relevant disciplines within TI Corp, and external parties. Attends and contributes as appropriate to the Commercial Community of Practice. Qualifications Bachelor’s degree in project or construction management, business administration or equivalent relevant experience. 5 to 10 years of progressive experience in commercial processes on major infrastructure projects (preferably transportation projects with a target cost component). Self-starter able to develop and implement long term workplan based on broad overarching goal with-out supervision. Strong relationship, communication, facilitation, presentation, and interpersonal skills. Ability to lead, manage and mentor functional reports. Strong knowledge of construction cost management systems. Ability to undertake analytics on construction costs, identify trends and effectively report findings to senior management. Experienced in developing and implementing commercial processes. Thorough understanding of commercial, project controls and financial functions on major projects. Knowledge of construction pricing schedules, construction costs and payment terms. Ability to review contract language and commercial conditions with a view to validation of payments. Experienced in review and negotiation of commercial issues with Project Contractors. Ability to liaise/co-ordinate internal disciplines (Commercial and Contracts, Project Controls, Finance) and external experts. Note: You must be legally authorized to work in Canada. Collection Notice: Your personal information is collected from LinkedIn by Transportation Investment Corporation (TI Corp) pursuant to 26(c), 26(e), and 27(1)(a)(i) of the Freedom of Information and Protection of Privacy Act for the purpose of TI Corp recruitment. This includes information you provide through LinkedIn, as well as information about you that is generated by LinkedIn, such as your connections to other TI Corp employees on LinkedIn, how well the skills you have identified on LinkedIn match our job requirements, and what other TI Corp jobs you have applied for on LinkedIn By proceeding, you are authorizing TI Corp to indirectly collect this information. If you have any questions about the collection of your personal information, please contact the Privacy Officer at privacyticorp.ca

Location: Greater Vancouver, CA

Posted Date: 10/4/2024