Cost Engineer - PUMA

Bilfinger Berger SE; Kingston upon Hull; On-site; GBP 45,000 - 65,000; Full time

Job summary

Bilfinger UK is seeking a Cost Engineer to provide financial control across projects in the chemical, petrochemical, and energy sectors. You will deliver key month-end data, forecast costs, and manage subcontractor payments, with strong focus on value improvement.

Responsibilities include BOQ validation, risk analysis, cash flow forecasts, and regular cost reporting using SAP and Power BI. Experience on major construction projects and NEC 4 Option B contracts preferred.

Qualifications

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

Responsibilities

• Provide key financial data for internal month-end P&L submissions.
• Remeasurement / checking of BOQ updates.
• Forecasting actual versus budget.
• Risk analysis for cost & value scenarios (best/worst/most likely).
• Cost provisions and accruals including third party materials and subcontractors.
• Weekly cost ledger analysis using SAP and Power BI.
• Knowledge of each subcontract agreement.
• Manage Early Warning notifications from subcontractors.
• Value determination: Cost to Date & Forecasts to Complete.
• Change management: respond, assess and notify client of compensation events.
• Compile data for main payment application.
• Facilitate subcontractor progress/update meetings.
• Agree subcontractor valuations & payment certificates.
• Cash flow forecasts.
• Audit of subcontract payments, rates & claims.
• Show innovation to improve contribution margin.

Skills

Cost control

Forecasting

Cash flow management

Contracts knowledge

Subcontract management

Risk analysis

Payment applications

Education

NEC 4 Option B Contracts

NAECI Agreement knowledge

Major construction project experience

Standard Method of Measurement

Contractor bias experience

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