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- Tasks: Analyse costs and manage budgets for exciting engineering projects.
- Company: Join Bilfinger UK, a leader in engineering and maintenance across diverse industries.
- Benefits: Enjoy competitive pay, career growth, and a supportive work environment.
- Why this job: Make a real impact by optimising costs in innovative projects.
- Qualifications: Experience with cost analysis and knowledge of construction contracts required.
- Other info: Be part of a dynamic team with over 4,500 skilled professionals.
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.
Cost Engineer employer: Bilfinger
Contact Detail:
Bilfinger 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 on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its projects. Understand their values and how your skills as a Cost Engineer can contribute to their success. Tailor your answers to show you're the perfect fit!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or family to get comfortable talking about your experience and skills. The more you practice, the more confident you'll feel when it counts.
✨Tip Number 4
Don't forget to apply through our website! We love seeing applications directly from candidates who are excited about joining us at Bilfinger UK. It shows initiative and enthusiasm, which we really appreciate.
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, especially in financial data management and cost analysis. We want to see how your skills align with what we do at Bilfinger UK!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background fits our needs. Don’t forget to mention any experience with NEC 4 Option B Contracts or major construction projects.
Showcase Your Technical Skills: We love seeing candidates who are proficient in tools like SAP and Power BI. Make sure to mention any technical skills that relate to cost management and forecasting, as these are key for the role.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at Bilfinger
✨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 assessed risks in previous projects. Bring examples of best case, worst case, and most likely scenarios you've worked on, and how your analysis impacted project outcomes.
✨Communicate Effectively
As a Cost Engineer, you'll need to facilitate meetings and communicate with subcontractors. Practice explaining complex financial concepts in simple terms. Highlight any experience you have in managing subcontractor progress or handling change management situations.
