Cost Engineer

Job Title: Cost Engineer
Contract Type: Permanent
Location: City of London, London
Salary: Negotiable
Start Date: ASAP
Duration: Permanent
REF: HQ00020676
Contact Name: Andy Tubb
Contact Email:
Job Published: over 1 year ago

We are seeking to appoint an experienced Cost Engineer to join our busy London team.. This is a genuine opportunity to gain further experience and personalised learning support you need to take your career as far as you want it to go.

As Cost Engineer you will support the various teams in London with on-going projects within their sector. It is intended that the role will offer the opportunity to progress your career as your experience grows supported by our internal development programmes.

Our team is involved in some of the UK's most complex and stimulating projects that are diverse and technically demanding. We have an enviable reputation in the delivery of such schemes and are working closely with our blue chip clients in the Water, Power, Rail, Aviation, Highways, Environmental, Nuclear, Pharmaceutical and Energy sectors delivering their most important projects, which include:

Commercial and Procurement Services to Network Rail Infrastructure
Highways England Commercial Division
Aviation Portfolio
Renewable Energy sector
National Grid, UK Power Networks and Business Advisory for UKPN
EA Framework
Project Delivery for Pharmaceutical Sector
Water Capital Investment Projects

Overview of Role:

The Cost Manager reports to the Head of Project Controls and be a key member of the Project Delivery Team [Office based/Site based - Specific to role]. To proactively manage and be comfortable communicating the key financial issues surrounding the Infrastructure Programme and its component projects to ensure that each is being completed to time and budget.

Your Day-to-Day:

Responsible for providing all the Budgeting and Cost Management Services for the Infrastructure Programme.
To set and deliver appropriate benchmarked cost plans that reflect the scope of each project and support each business case.
Support the Programme Director and Head of Project Controls by delivering optimum value for money solutions.
Set challenging cost plans / targets for projects to deliver to.
Risk management techniques to mitigate and manage change.

Overall ownership and responsibility for the set up, delivery and adoption of the cost management procedures (PER09) required by the Infrastructure Programme.
Set challenging cost plans / targets for projects to deliver to, and manage all the budgeting, cost management and contingency allowances for the Infrastructure Programme.
Work with Financial and Commercial Management to support the evolution, delivery and management of an appropriate procurement strategy and financial accounting systems.
Ensure that programme and project cost plans are robust and integrated, represent value for money, and are supported by a consistent internal and external benchmarking.
Set up WBS and CBS structures that are aligned to performance metrics and estimating norms.
Ensure that programme and project cost reporting is timely, accurate and complete.
Develop dashboards that will enable informed decisions to be made on investment commitments that are driven by Client outcomes.
Pro-actively support the drive to improve productivity and generate new ideas.
Work with the Project Teams to forecast out turn cost for each project, identify new and existing opportunities and to drive the development and execution of realisation plans and any potential value engineered solutions.
Prepare and maintain the Infrastructure Programme Master Cost Plan and ensure costs are monitored and reported in relevant systems.
Control the process for making payments and preparing cash flow forecasts for the value of work done.
Manage the process for obtaining approvals through the Gateway process to project estimates at defined key stages.
Manage the process for checking, auditing and approving all relevant project invoices.
Provide constructive but determined challenge to proposed change, identify impacts and effects on the Project outcome.
Along with the lead Commercial Manager, support the Programme Director and Head of Project Controls by acting as the Programme 'commercial conscience'.
Promote, through word and action, a single, integrated team culture that values openness, integrity and transparency.
Manage and co-ordinate the consistent implementation of the best practice cost management procedures (including core and key processes) at programme and project level.
Support the approvals process and ensure work is instructed in compliance with policies and procedure.

Observable Outcomes

Proactive and Trusted advisor to the Delivery Team
Informed decision making based on Benchmarked cost estimates / cost plans.
Costs managed, valued and paid efficiently for the value of work done and in accordance with the relevant contract.
Costs monitored and reported in relevant systems with early warning of any cost pressures, programme impacts and risks to outcomes proactively notified to Stakeholders.
Final accounts and projects closed on time and to budget.
Cost information appropriately captured, communicated and archived.
Lesson learned captured and communicated.

What You have to Offer:
Work in a safe and diligent manner at all times.
Degree educated with risk management experience including evidence of delivery of major programmes.
A self-starter and leader with significant experience in the application of quantitative risk analysis (QRA) techniques and tools including, for example, ARM, @Risk or equivalent and specifically Primavera Risk Analysis (previously 'Pertmaster'). Prior experience in the integration of cost and schedule risk modelling to produce confidence levels for costs and completion dates in support of investment decisions and in relation to the management of major programmes. Experience to include modelling complex logic-linked cost-loaded programmes (P6 or equivalent) with in-depth understanding of planning tools and techniques.
Evidence of ability to work effectively in a programme management environment together with demonstrable understanding of programme management approach, stakeholder management techniques and project controls techniques.
Delivery of projects utilising risk management techniques at programme level and/or in a Programme Management Office (PMO) environment, implementing risk management in an integrated manner with other programme controls disciplines
Project Specific Proven experience in setting up and managing teams in the application of innovative risk management techniques at programme level and/or in a Programme Management Office (PMO) environment, implementing risk management in an integrated manner with other programme controls disciplines.
Robust understanding of construction contracts and the relationship between risk management and contract administration / change control / baseline management / monitoring and reporting / budgeting & governance / planning & scheduling / document management / cost & commercial management / project & programme management.
Evidence of previous experience in defining and implementing risk management strategy within major client organisations and specifically at programme level. Appreciation of significant issues facing major programmes. Evidence of ability to integrate value management process with risk management process and appreciation of Benefits and Requirement Management and the implications for the Value Engineering and Risk Management processes.
Demonstrable experience in the leadership, management and development of teams and able to articulate approach for motivation of teams in support of the risk management process.
Strong interpersonal skills and facilitation skills.
Evidence of and ability to articulate collaborative working style and consulting behaviours.

SHE qualifications and certificates ie CSCS card,
Membership of a professional body (e.g. APM, IRM)
Successful development and implementation of risk management processes at portfolio or corporate level (e.g. experience in business continuity risk management, insurance).
Experience of working with EC Harris clients.
Experience in application of a variety of contract forms
Experience in working for a large consultancy business and evidence of work winning, marketing skills or ambassadorial skills.
Experience of working in integrated teams located at

Salary dependent on qualifications and experience