Cost Engineer

TURNER & TOWNSEND; Leeds; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading project management consulting firm in the UK seeks an experienced Cost Engineering Professional to establish and manage cost and schedule processes. The role involves identifying trends, leading project evaluations, and acting as the key contact for clients to ensure timely and valuable project delivery. Candidates should have a strong background in cost control and change management, along with excellent analytical and communication skills.

Qualifications

• 5+ years of experience in cost engineering or project management.
• Strong analytical skills with the ability to interpret data and trends.
• Excellent communication and interpersonal skills.

Responsibilities

• Establish processes and tools for cost and schedule management.
• Lead evaluation of project's time, cost, and quality targets.
• Act as key point of contact to clients for delivery and commercial issues.
• Coordinate planning sessions with clients and vendors.

Skills

Cost control

Change management

Risk evaluation

Budget forecasting

Education

Degree in Engineering or related field

Tools

Cost reporting tools

Job description

As an experienced Cost Engineering Professional you will establish the required processes, templates and tools, and agree the baseline for cost and schedule, whilst monitoring performance against it and incorporating the impacts of risk, opportunities and change in a controlled manner. In order to do this you will:-

• Identify trends and root causes of deviations against the baseline using lead and lag indicators, recommend remedial actions in order to drive best value for the client.
• Lead the evaluation of the project's time, cost, and quality targets, applying governance controls as necessary to enable the successful delivery of the project.
• Cooperate with a remote team of cost managers responsible for reaching an agreed, market tested cost baseline and ensuring the client is receiving value for money.
• Guide and influence the general contractor, ensuring they are progressing in line with the schedule and within agreed cash flow parameters.
• Act as the key point of contact to the client overcoming delivery and commercial issues whilst preparing formal and ad hoc reports focussing on time, cost and quality targets.
• Control costs with your knowledge of conceptual estimating, funding stage gates, basic contingency principals, procurement principals.
• Create and/or work within a cost report, summarizing financials in a executive level dashboard.
• Understand change management principals, lead agreed change management process and work flow, providing a platform for adding/tracking/monitoring/approving change.
• Coordinate and lead planning sessions and workshops with clients and vendors to compile the master project/programme schedule, agreeing baselines and a critical path.
• Understand procurement principals, collate lead times from vendors and client into the master schedule communicate the prioritisation of ordering materials and equipment to meet scheduled install dates.
• Work closely with the client to define vendor schedule requirements.
• Actively participate in project team risk evaluations, incorporating the defined risks into monte carlo to output quantitative impacts to the overall project cost and schedule.
• Work closely with the project team to stay informed on status of project changes, incorporating and communicating these to the project team to allow for approvals in the change management process.
• Hold vendors accountable for required schedule updates and reporting to maintain timely and accurate updates of the master schedule ensuring that the schedules adhere to the defined process and quality expectations.