Cost Engineer

Morson Talent; England; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading engineering consultancy is seeking a Cost Engineer for a long-term contract until February 2027. The role involves comprehensive cost management support including forecasting, performance analysis, and change control. Ideal candidates have significant experience in cost engineering and relevant professional qualifications. The position offers a hybrid working model based in Suffolk.

Qualifications

• Significant experience in a project-based environment.
• Strong background in cost engineering or management accounting.
• Demonstrable knowledge of Earned Value Management (EVM).

Responsibilities

• Report to the Project Manager for service delivery.
• Prepare and manage project change controls.
• Conduct post-contract cost management activities.

Skills

Cost management support

Performance analysis

Change control

Post-contract cost activities

Earned Value Management (EVM)

Education

Relevant professional qualification (e.g. ACMA, ACostE)

Job description

Cost Engineer Long-Term Contract (Until February 2027)

• Rate: £55.60 per hour
• Working hours: 4 days per week (37.5 hours total)
• Hybrid working: 2 days based in Suffolk office, 2 days remote
• Location: Sizewell A, Suffolk

Our client is a leading engineering consultancy that provides services to the nuclear sector.

As a Cost Engineer, you ll provide comprehensive cost management support including cost forecasting, performance analysis, change control, and post-contract cost activities ensuring projects are delivered on time, on budget, and to the highest standard.

Key Responsibilities

• Report to the Project Manager for service delivery and to the Function Lead for functional standards.
• Participate in project reviews, audits, and self-assessments to maintain compliance.
• Prepare and manage project change controls and baseline management.
• Establish and implement effective cost capture, coding, and reporting structures (Work Orders, POs, CBS).
• Align project controls with contractual obligations, driving improvements where needed.
• Manage time bookings, charge codes, and resource tracking for accurate cost allocation and forecasting.
• Track manpower productivity and provide actionable insights to project leadership.
• Conduct post-contract cost management activities including payment certifications, Compensation Events (CE), and contract close-out.
• Validate and analyse supply chain cost data to support accurate forecasting.
• Prepare and maintain ETC, ACWP, and CPI reports.
• Support Value Engineering studies and cost efficiency initiatives.
• Prepare and maintain Baseline Change Proposals (BCP), sanction proposals, and Basis of Estimate (BoE) documentation.
• Participate in cost studies and benchmarking exercises.
• Contribute to continuous improvement through knowledge sharing, mentoring, and training within the project controls team.

Education / Qualifications

• Relevant professional qualification (e.g. ACMA, ACostE Incorporated, or equivalent experience)
• Membership of a relevant professional body (e.g. ACostE, AACE, RICS)

Experience / Knowledge

• Significant experience in a project-based environment
• Strong background in cost engineering, management accounting, or cost management
• Demonstrable knowledge of Earned Value Management (EVM) and reporting techniques
• Experience with post-contract administration (NEC, ICE, JCT, FIDIC)
• Solid understanding of risk management, cost/schedule integration, and performance analysis
• Skilled in identifying, analysing, and solving complex project cost challenges

Please note, all candidates will gain BPSS Clearance prior to starting.

For more information, please contact Scarlet Wilson.