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- Tasks: Analyse costs, manage budgets, and ensure financial efficiency on major projects.
- Company: Bilfinger UK, a leader in engineering and maintenance across various industries.
- Benefits: Competitive salary, career development, and a supportive work environment.
- Why this job: Join a dynamic team and make a real impact on large-scale projects.
- Qualifications: Experience with cost analysis and knowledge of construction contracts.
- Other info: Opportunities for growth in a company committed to safety and quality.
The predicted salary is between 36000 - 60000 £ per year.
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
If you wish to speak to a member of the recruitment team, please contact 01224 246246 or carla.bowman@bilfinger.com.
Cost Engineer employer: Bilfinger UK
Contact Detail:
Bilfinger UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Engineer
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by researching Bilfinger UK and understanding their projects. Tailor your answers to show how your skills as a Cost Engineer can enhance their efficiency and contribute to their goals.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your responses. Focus on articulating your experience with NEC 4 Option B Contracts and major construction projects.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Bilfinger team.
We think you need these skills to ace Cost Engineer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cost Engineer role. Highlight relevant experience and skills that match the job description, like your knowledge of NEC 4 Option B Contracts or experience with major construction projects.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role. Mention specific projects or experiences that demonstrate your ability to manage costs and improve margins.
Showcase Your Technical Skills: Don’t forget to mention your proficiency with financial systems like SAP and Power BI. These are key tools for the role, so make sure we know you’re comfortable using them!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at Bilfinger UK
✨Know Your Numbers
As a Cost Engineer, you'll be dealing with financial data all the time. Brush up on your knowledge of P&L submissions, cost provisions, and cash flow forecasts. Be ready to discuss how you've managed budgets in the past and any tools you've used, like SAP or Power BI.
✨Understand the Contracts
Familiarise yourself with NEC 4 Option B Contracts and the NAECI Agreement. During the interview, you might be asked about your experience with these contracts, so having specific examples ready will show that you know your stuff and can hit the ground running.
✨Showcase Your Analytical Skills
Risk analysis is a big part of the role, so be prepared to talk about how you've approached forecasting and assessing risks in previous projects. Use real-life examples to demonstrate your ability to analyse data and make informed decisions.
✨Communicate Effectively
As a Cost Engineer, you'll need to facilitate meetings and communicate with subcontractors. Practice articulating your thoughts clearly and confidently. Think about how you would explain complex financial concepts to someone without a finance background.
