Cost Engineer

Millbank Holdings Limited; Hull and East Yorkshire; On-site; GBP 45,000 - 65,000; Full time

Job summary

Millbank Holdings Ltd is seeking two experienced Cost Engineers to join a dynamic delivery team supporting major engineering and construction programmes. You will work with project, commercial and finance teams to ensure accurate cost control and effective commercial performance.

The role focuses on cost management, forecasting, reporting and performance improvement across complex projects, requiring strong analytical, communication and stakeholder skills.

Qualifications

• Experience with NEC4 Option B contracts.
• Knowledge of the NAECI Agreement and its commercial application.
• Proven experience supporting major construction, engineering, or infrastructure projects.
• Understanding of industry-standard measurement and valuation practices.
• Strong commercial awareness in a contractor-led environment.
• Proficiency in cost reporting and financial management systems such as SAP, Power BI, or similar.
• Strong analytical, communication, and stakeholder management skills.

Responsibilities

• Producing accurate cost reports and supporting month-end financial submissions.
• Reviewing and validating measurements, valuations, and cost forecasts.
• Monitoring project performance against budget and managing cost risks.
• Preparing accruals, provisions, and expenditure forecasts.
• Analysing cost data using financial and reporting systems.
• Managing subcontractor commercial activities, including valuations, payments, and contract compliance.
• Supporting change control processes, including the assessment of variations and compensation events.
• Producing cost-to-complete assessments, value forecasts, and cash flow projections.
• Supporting payment applications and commercial reporting requirements.
• Facilitating commercial review meetings with project teams and supply chain partners.
• Conducting commercial audits and identifying opportunities to improve profitability and project performance.

Skills

NEC4 Option B

NAECI Agreement

Cost management

Forecasting

Financial reporting

Stakeholder management

Analytical thinking

Communication

Tools

SAP

Power BI

Job description

Are you passionate about turning complex project data into clear, commercially sound decisions?

Would you like to work alongside project, engineering and commercial teams to influence how projects are delivered?

Do you thrive on using data, insight and commercial thinking to improve project performance?

The Opportunity

We are seeking two experienced Cost Engineer to join a dynamic delivery team supporting major engineering and construction programmes. This is an excellent opportunity for a commercially focused professional to play a key role in cost management, forecasting, financial reporting, and commercial performance. You will work closely with project, commercial, and finance teams to ensure accurate cost control and support successful project delivery.

Your duties and responsibilities will be

• Producing accurate cost reports and supporting month-end financial submissions.
• Reviewing and validating measurements, valuations, and cost forecasts.
• Monitoring project performance against budget and managing cost risks.
• Preparing accruals, provisions, and expenditure forecasts.
• Analysing cost data using financial and reporting systems.
• Managing subcontractor commercial activities, including valuations, payments, and contract compliance.
• Supporting change control processes, including the assessment of variations and compensation events.
• Producing cost-to-complete assessments, value forecasts, and cash flow projections.
• Supporting payment applications and commercial reporting requirements.
• Facilitating commercial review meetings with project teams and supply chain partners.
• Conducting commercial audits and identifying opportunities to improve profitability and project performance.

You will have the following qualifications & experience

• Experience working with NEC4 Option B contracts.
• Knowledge of the NAECI Agreement and its commercial application.
• Proven experience supporting major construction, engineering, or infrastructure projects.
• Understanding of industry-standard measurement and valuation practices.
• Strong commercial awareness gained within a contractor-led environment.
• Proficiency in cost reporting and financial management systems such as SAP, Power BI, or similar.
• Strong analytical, communication, and stakeholder management skills.

If you're seeking a new opportunity and think you have the skills and experience, we are looking for

Millbank Holdings Ltd is an equal opportunities employer committed to creating an inclusive and diverse workforce. We welcome applications from all suitably qualified individuals, regardless of background, and encourage candidates from underrepresented groups to apply.

We are proud to be a member of the Disability Confident Scheme, and we are committed to ensuring an accessible and supportive recruitment process for everyone. If you require any adjustments at any stage, please let us know and we’ll do our best to accommodate.

Millbank operates as both an Employment Agency and an Employment Business.