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Cost Engineer (Construction)

Cost Engineer (Construction)

Location: Plymouth

Rate: £40-45 per hour (Outside IR-35)

Duration: 6 months

Techniche are working with a large Marine Engineering Manufacturer who are seeking an experienced Cost Engineer with construction industry knowledge for a period of initially 6 months.

The Cost Engineer shall be professionally accountable to the Head of Cost Control. Day-to-day functional management will be via the local project team.

Experience Required:

  • Proven experience in applying budgeting and cost control techniques within a complex environment
  • Awareness of various contracting methodologies (eg FIDIC/NEC3/JCT etc…)
  • Advanced knowledge of cost management techniques
  • Have intermediate to advanced Excel skills, good knowledge of MS Office and ERP systems (experience utilising IFS is an asset).
  • Have a professional qualification (eg APM/Acoste/RICS) (or equivalent)
  • Have excellent stakeholder management and communication skills (written and oral) and a good understanding of Project Management principles and methodologies.
  • Lastly, experience within the Naval Marine Industry, or other highly regulated industry (but not essential).

Duties:

  • The Cost Engineer shall be professionally accountable to the Head of Cost Control
  • Day-to-day functional management will be via the local project team.

Responsibilities:

  • Assisting with develop the project cost control strategy, plans and procedures, reflecting both company and subcontractor roles and responsibilities.
  • Understanding how the contract type used (i.e. target price, fixed price etc.) can affect the total project cost.
  • Participating in the development of project execution plans. Participating in the development of estimates and studies within a project stage and for sanction. Coordinating and develop appropriate control budgets consistent with project estimate.
  • Ensure that all project costs are captured. Data gathering for reporting and analysis purposes
  • Preparing monthly project performance reports. Collecting and compiling progress and cost data, and develop cost-control worksheets and reports for review by delivery teams. Providing cost input to closeout process.
  • As part of the project close-out procedure, provide data to the Cost Estimators to assist with analysis of project costs (post final account); for future benchmarking.
  • Coordinate preparation of cost risk analysis.
  • Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data.
  • Provide cost input to and implement the cost element of change management procedures.
  • Link risk process to change process and estimate; provide cost input to and implement the cost element of the risk management plan.
  • Coordinating and developing project work-in-progress, commitment and estimate at complete forecasts.
  • Coordinating and developing project annual-spend projections, cost reconciliations and variance analyses.