Cost Engineer - PUMA

Bilfinger UK; Hedon; On-site; GBP 55,000 - 75,000; Full time

Job summary

Bilfinger UK is seeking a Cost Engineer to provide financial oversight across multiple projects. You will handle cost data, forecasting, and risk analyses, ensuring accurate cost-to-date, forecasts, and payment certifications.

In this role, you will work with SAP and Power BI to drive reporting, manage subcontract agreements, and support early warning notifications and change management across major construction initiatives.

Qualifications

• Experience with NEC 4 Option B contracts.
• Knowledge of NAECI Agreement.
• Experience on major construction projects.
• Standard Method of Measurement.
• Strong bias to contractor working.

Responsibilities

• Provide key financial data for internal month-end P&L submissions.
• Remeasurement / checking of BOQ updates and cost provisions.
• Forecasting actual versus budget and cash flow forecasts.
• Manage change events and client notification of compensation events.
• Compile data for main payment applications and subcontractor valuations.
• Facilitate subcontractor progress/update meetings and auditing of payments.

Skills

Cost control

Forecasting

Financial data analysis

Risk analysis

Subcontract management

Change management

Cash flow forecasting

Vendor/Contract management

Tools

SAP

Power BI

Job description

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