Railway Cost Engineer

Osiris Recruitment; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

Osiris Recruitment is seeking a Railway Cost Engineer in Greater London to plan and manage costs for railway infrastructure projects. You will develop accurate estimates, track budgets, and work with engineers, procurement, and finance to keep projects on track.

The ideal candidate has a Bachelor's in engineering or related field and 10+ years in railway cost estimation, with proficiency in cost estimation software. Excellent analytical and communication skills are essential.

Qualifications

• Bachelor's degree in Engineering, Construction Management, or related field.
• 10+ years of cost estimation experience, preferably in railway/transport.
• Proficiency with cost estimation software and tools.
• Strong engineering, construction methods, and PM knowledge.
• Excellent analytical, communication, and interpersonal skills.
• Ability to meet tight deadlines and work in teams.
• Knowledge of railway and construction regulations and standards.

Responsibilities

• Gather data and create accurate cost estimates for railway projects.
• Develop budgets with detailed cost breakdowns for labor, materials, equipment.
• Perform cost analyses for scenarios and identify cost-saving opportunities.
• Review contracts and procurement terms for cost clarity.
• Assess cost impact of scope changes and advise on change orders.
• Track costs in real time and report variances to stakeholders.
• Collaborate across disciplines to align on cost objectives.
• Stay updated on industry trends and apply best practices.

Skills

Cost estimation

Data analysis

Project management

Communication

Attention to detail

Regulatory knowledge

Education

Bachelor's degree in Engineering or related field

Tools

Cost estimation software

Job description

The Railway Cost Engineer plays a crucial role in the planning, estimation, and management of costs associated with railway infrastructure and construction projects.

The Railway Cost Engineer plays a vital role in ensuring the financial success of railway projects by providing accurate cost estimates, cost analysis, and cost control throughout the project lifecycle.

This role involves assessing project requirements, analysing data, and providing accurate cost estimates to ensure projects are completed within budgetary constraints.

The Railway Cost Engineer shall collaborate with various teams, including project managers, engineers, procurement, and finance departments, to ensure cost-effective solutions are implemented while maintaining project quality and safety standards.

Key Responsibilities

Collaborate with project teams to gather relevant data, project specifications, and engineering plans to create accurate cost estimates for railway infrastructure projects. Utilize historical cost data and industry benchmarks to ensure estimates are reliable and comprehensive.

• Budget Planning

Assist in the development of project budgets by providing detailed cost breakdowns for labor, materials, equipment, subcontractors, and other expenses. Continuously monitor and update budgets as projects progress and new information becomes available.

• Cost Analysis

Conduct cost analysis for different project scenarios, considering potential risks and uncertainties. Identify areas where cost-saving measures can be implemented without compromising project quality, safety, or compliance with regulations.

Collaborate with engineers and designers to explore alternative solutions that could reduce costs without sacrificing project objectives. Evaluate different materials, construction methods, and design approaches to find cost-effective options.

• Contract Evaluation

Review contracts, proposals, and procurement agreements to ensure accurate cost representation. Collaborate with legal and procurement teams to identify cost-related clauses and terms that need clarification.

• Change Management

Assess the impact of changes in project scope, design modifications, or unforeseen circumstances on project costs. Provide timely cost assessments and recommendations for change orders or scope adjustments.

• Cost Tracking and Reporting

Implement systems to track project costs in real-time and maintain accurate records of expenditures. Generate regular cost reports for project stakeholders, highlighting cost variances and explaining any deviations from the initial budget.

Identify potential cost-related risks and work with project teams to develop mitigation strategies. Analyse historical project data to anticipate potential cost overruns and take proactive measures to avoid them.

Work closely with cross-functional teams, including engineers, project managers, procurement specialists, and finance professionals, to ensure seamless communication and alignment on cost-related matters.

Stay updated with industry trends, best practices, and emerging technologies related to railway construction and cost estimation. Apply new knowledge to improve cost estimation accuracy and efficiency.

Qualifications

• Bachelor's degree in Engineering, Construction Management, or a related field.
• Proven experience in cost estimation, preferably in railway or transportation infrastructure projects.
• Proven experience (typically 10+ years) in major railway projects or transportation infrastructure projects.
• Strong understanding of engineering principles, construction methods, and project management.
• Proficiency in cost estimation software and tools.
• Excellent analytical skills with the ability to interpret complex data and make informed decisions.
• Strong communication and interpersonal skills to collaborate effectively with multidisciplinary teams.
• Attention to detail and the ability to work under tight deadlines.
• Knowledge of relevant regulations, codes, and standards in the railway and construction industries.