Target Price Estimator

Ringway London; Milton Keynes; On-site; GBP 45,000 - 65,000; Full time

Job summary

Ringway London is seeking an experienced Target Cost Estimator for their Commercial Management team in Milton Keynes. This senior role entails preparing robust target cost estimates and managing monthly valuations under NEC3/NEC4 arrangements, focusing on accuracy and value for money.

Responsibilities include detailed cost estimating, managing subcontractor payments, and proactive monitoring of project costs. Candidates should possess strong numerical and analytical skills, along with relevant experience in highways or civil engineering.

Qualifications

• Proven experience in highways or civil engineering.
• Ability to work collaboratively with operational teams.
• Experience mentoring junior team members.

Responsibilities

• Prepare detailed target cost estimates using various pricing mechanisms.
• Manage and verify subcontractor costs and payments.
• Monitor variances and escalate risks early.

Skills

Strong numerical skills

Analytical skills

Organizational skills

NEC3/NEC4 contract experience

Advanced Excel capability

Cost-management system capability

Experience in commercial/estimating role

Education

HNC / HND / Degree in Quantity Surveying or Commercial Management

Tools

Causeway CPA

SAP

Confirm

Job description

Overview

Ringway is seeking an experienced Target Cost Estimator to join our Commercial Management team on a term maintenance highways contract. This is a senior specialist role, responsible for preparing robust target cost estimates and managing monthly valuations under NEC3/NEC4 target-cost arrangements, ensuring accuracy, transparency and value for money.

Responsibilities

• Prepare detailed target cost estimates using Schedules of Rates and agreed pricing mechanisms, covering labour, plant, materials, subcontractors, overheads and risk.
• Price and submit Early Warnings and Compensation Events, working closely with Quantity Surveyors to protect contractual entitlement.
• Prepare and submit monthly applications for payment, ensuring 100% of completed work value is captured with full supporting evidence.
• Record and manage costs within systems such as Causeway CPA, SAP and Confirm, maintaining real-time visibility of actual versus target cost.
• Monitor variances and escalate risks early, supporting proactive commercial decision-making.
• Manage and verify subcontractor costs and payments, ensuring accuracy and alignment with project budgets.
• Work collaboratively with operational teams to clarify scopes and improve estimate accuracy.
• Communicate openly and professionally with the Client’s commercial representatives.
• Mentor junior commercial team members and contribute to continuous improvement initiatives.

Person Specification

• Strong numerical, analytical and organisational skills
• NEC3/NEC4 (Option C) contract experience
• Advanced Excel and cost-management system capability
• Strong experience in a commercial/estimating role within highways or civil engineering
• HNC / HND / Degree in Quantity Surveying or Commercial Management (or equivalent experience)
• Experience with Causeway CPA, SAP and Confirm preferred

Contract Details

• Contract Type: Permanent
• Hours: Full Time - 40 hours per week, Monday to Friday

Equality, Diversity and Inclusion

Fairness, Inclusion and Respect (FIR) at Ringway recognises and celebrates each other’s differences and what they bring to the team. We commit to equity of opportunity and fair treatment of all current and potential employees and encourage job applications from all. If you require reasonable adjustments during the application process, please contact us directly. We offer flexible working arrangements across many roles where possible to support work-life balance.