Cost Engineer

BILFINGER; Kingston upon Hull; On-site; GBP 40,000 - 60,000; Full time

Job summary

Bilfinger UK is seeking a Cost Engineer for their Kingston upon Hull office. In this role, you will be responsible for financial data submission, risk analysis, and cost management on major construction projects. Candidates should hold relevant experience in NEC contracts and possess strong financial acumen to enhance company margins.

Benefits

Permanent position

Professional development opportunities

Qualifications

• Experience with NEC 4 Option B contracts
• Knowledge of NAECI Agreement
• Experience on major construction projects

Responsibilities

• Provide key financial data for internal month end submissions
• Conduct risk analysis for cost and value forecasts
• Manage subcontractor agreements and valuations

Skills

Financial Analysis

Risk Analysis

Cost Management

Change Management

Cash Flow Forecasting

Education

Degree in Business, Finance or Engineering

Tools

SAP

Power BI

Job description

Cost Engineer QWERTY

Location: Kingston upon Hull

Bilfinger UK is a leading engineering and maintenance provider, supporting customers across the chemical & petrochemical, nuclear, oil & gas, pharmaceuticals & biopharma, power & energy, utilities, renewables and food & beverage markets. We enhance the efficiency of assets, ensuring a high level of availability and reducing maintenance costs.

We have extensive experience in offshore and onshore facilities; specialising in asset management services throughout all life cycle phases from consulting, engineering, manufacturing, assembly, operations, maintenance, and decommissioning.

This commitment is delivered by an experienced and highly competent workforce of over 4,500 employees operating from 14 offices in strategic industrial hubs, upholding the highest standards of safety, compliance and quality.

As a Cost Engineer, your activities will include the following, but are not limited to:

• Provision of key financial data for internal month end P&L submissions
• Remeasurement / checking of BOQ updates
• Forecasting actual versus budget
• Risk Analysis i.e. best case, worst case & most likely for cost & value
• Cost provisions/accruals including third party materials, subcontractors, plant, etc
• Weekly cost ledger analysis using the BUK financial systems i.e. SAP, Power BI
• Competent knowledge of each subcontract agreement
• Management of Early Warning notifications from each subcontractor
• Value Determination i.e. Cost to Date & Forecasts to Complete
• Change Management i.e. response to, assessment & client notification of compensation events
• Compilation of data for inclusion in main payment application
• Facilitation of subcontractor progress / update meetings
• Agreement of subcontractor valuations & payment certificates
• Cash flow forecasts
• Commercial auditing of each subcontract including payment applications, rates & claims
• Showing innovation to improve company contribution margin

Experience

• NEC 4 Option B Contracts
• Knowledge of NAECI Agreement
• Experience on major Construction Projects
• Standard Method of Measurement
• Strong bias to Contractor working

If you wish to speak to a member of the recruitment team, please contact 01224 246246.

Operations | Bilfinger UK Limited | Permanent | White-collar workers | Professional | Operations [e-mail]

Bilfinger UK Limited

Operations

Permanent

Professional

Bilfinger Operations