Cost Engineer

iberdrola; Blantyre; On-site; GBP 55,000 - 69,000; Full time

Benefits offered by this job

Pension scheme

Annual bonus

Healthcare package

Job summary

SP Energy Networks, part of the Iberdrola Group, seeks 2 Cost Engineers for its Strategic Projects Portfolio in Blantyre with occasional travel across Scotland. £55,000–£68,750 salary plus extensive benefits. Role focuses on cost control across major energy infrastructure projects.

As a Cost Engineer, you will lead cost reporting, maintain data tools, and ensure alignment with schedules while supporting major transmission initiatives for a greener energy future.

Qualifications

• 3+ years' cost engineering in large, complex engineering or infrastructure environments.
• Strong knowledge of cost management methodologies including ACWP, CPI, SPI and forecasting techniques.
• Experience developing and managing cost structures for multi-million-pound projects.
• Excellent analytical skills to interpret and communicate complex cost data.
• Experience with Earned Value Management (EVM).
• Understanding NEC3/NEC4 contract frameworks.

Responsibilities

• Support development and improvement of cost management standards, systems and reporting tools.
• Lead month-end cost reporting, including variance analysis and lifecycle budget performance reviews.
• Maintain the Integrated Cost Management Tool with accurate, validated project data.
• Monitor contractor cost performance against budgets and KPIs.
• Support lifecycle budget allocation and reporting across assigned projects and disciplines.
• Perform cost forecasting and routine analysis to support decision-making.
• Ensure alignment between cost and schedule baselines with Planning, Scheduling and Risk teams.
• Support ACWP calculations and Earned Value (EV) integration.
• Prepare cost studies, benchmarking reviews and cost comparison reports.
• Collaborate with Procurement, Project Managers and Budget Holders to validate assumptions and track committed expenditure.
• Maintain and update the Strategic Portfolio Cost Breakdown Structure (CBS).
• Identify cost risks, resolve variances and contribute to lessons learned and continuous improvement.

Skills

Cost engineering

Cost control

EPC experience

ACWP

Tools

NEC3/NEC4

Job description

2x Cost Engineers - Strategic Portfolio

Location: Aspect House, Blantyre (with occasional travel across Scotland)

Salary: £55,000 - £68,750 + extensive benefits package

Permanent | Full-time (37 hrs week)

Closing Date: 8th September 2026

Help us create a better future, quicker!

SP Energy Networks (SPEN) is at the heart of the UK's journey to Net Zero. Over the next five years, we will invest £12 billion in modernising and expanding the electricity grid, enabling the rapid growth of renewable energy and securing a clean, reliable future for our communities.

Within this our Transmission business is delivering a £3 billion programme of major strategic infrastructure projects - from new overhead lines to upgraded substations - to strengthen, reinforce and future-proof the transmission network across Scotland.

To support this unprecedented programme of work, we’re looking for 2x Cost Engineers to join our Strategic Projects Portfolio team and play a key role in managing and controlling costs across some of the most significant energy infrastructure projects in the UK.

What you'll be doing

As a Cost Engineer (Strategic Portfolio), you'll be a vital part of our multi-disciplinary PMO team, providing robust cost control, analysis and reporting across a portfolio of major transmission projects.

• Support the development and continuous improvement of cost management standards, systems and reporting tools
• Lead month-end cost reporting, including variance analysis and lifecycle budget performance reviews
• Maintain the Integrated Cost Management Tool with accurate, validated project data
• Monitor contractor cost performance against budgets and agreed KPIs
• Support lifecycle budget allocation and reporting across assigned projects and disciplines
• Perform cost forecasting and routine analysis to support decision-making
• Ensure alignment between cost and schedule baselines, working closely with Planning, Scheduling and Risk teams
• Support Actual Cost of Work Performed (ACWP) calculations and Earned Value (EV) integration
• Prepare cost studies, benchmarking reviews and cost comparison reports
• Collaborate with Procurement, Project Managers and Budget Holders to validate assumptions and track committed expenditure
• Maintain and update the Strategic Portfolio Cost Breakdown Structure (CBS)
• Identify cost risks, resolve variances and contribute to lessons learned and continuous improvement activities

Your work will directly enable the successful delivery of critical national infrastructure, supporting a cleaner, greener energy system for the future.

What you'll bring

This role is ideal for someone with proven cost engineering experience in large, complex engineering or infrastructure environments.

• 3+ years' cost engineering experience, ideally within EPC, utilities, infrastructure or energy sectors
• Strong knowledge of cost management methodologies, including ACWP, CPI, SPI and forecasting techniques
• Experience developing and managing cost structures for multi-million-pound projects
• Excellent analytical skills with the ability to interpret and communicate complex cost data
• Experience with cost management tools and Earned Value Management (EVM)
• Understanding of NEC3/NEC4 contract frameworks
• Strong communication and stakeholder engagement skills
• Ability to work independently while contributing effectively to a distributed team

What's in it for you

As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we'll double match your contribution up to a company contribution of 10%.

At ScottishPower, we believe it's the little things we do in life that make a big difference. From helping you look after your family's wellbeing, save for your future and take personal steps for climate action - our benefits are designed to help you do just that - so that you have everything you need to take care of your world - today and tomorrow.

That's why our benefits include:

• 36 days annual leave
• Holiday purchase - perfect your work/life balance with extra annual leave
• Share Incentive Plan and Sharesave Scheme
• Payroll giving and charity matched funding
• Technology Vouchers - save more and spread the cost of your technology purposes
• Count us in - pledge to reduce carbon emissions and help fight climate change
• Electric Vehicle Schemes - to help you transition to green/clean driving
• Cycle to Work scheme and public transport season ticket loans
• Options to purchase dental insurance, private medical insurance, health cash plan and annual health assessments
• Life Assurance (4x salary)
• Access to 'nudge' financial wellbeing support
• Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more

Why SP Energy Networks

SP Energy Networks is part of the Iberdrola Group, one of the world's largest integrated utility companies and a world leader in wind energy. We keep electricity flowing to homes and businesses throug