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- Tasks: Manage project costs and collaborate with teams to ensure financial success.
- Company: Join Costain, a leader in smart infrastructure solutions across the UK.
- Benefits: Full-time role with opportunities for career growth and development.
- Why this job: Make a real impact on projects that improve lives and infrastructure.
- Qualifications: Degree or relevant experience in cost management and project lifecycle.
- Other info: Dynamic consultancy environment with a focus on innovation and teamwork.
The predicted salary is between 36000 - 60000 £ per year.
As a Cost Engineer, you are required to be commercially focused, confident in running your own project as well as working effectively within a team. You will be joining a growing consultancy team working on a variety of contracts within multiple sectors. You will be required to undertake short‐term or long‐term commissions to address a variety of customer needs. Candidates with a track record of cost management at pre‐ and post‐contract, working on contracts through the development cycle to delivery through the construction phase would be preferred.
Responsibilities
- Control, monitor, analyse and report cost related aspects for designated projects within a Portfolio.
- Ensure all cost and contract transactions on a project are understood and managed in an appropriate way.
- Continually monitor Project Risk and Change status to maintain current forecast.
- Liaise with Project team members and contractors with regards to progress and cost forecasting.
- Monitor, control and analyse the project cost information, identify variances, and bring these to the attention of the Project Manager with possible alternatives.
- Prepare specific reports to facilitate challenge and analysis to meet the project's specific needs.
- Challenge cost variances against the baseline plan with individual task leaders/contractors and/or outside stakeholder management as necessary to enable mitigation.
Essential Knowledge, Skills, and Experience
- Understand the inter‐relationship between time, cost and commercial aspects of the project life cycle.
- Experience across whole project and programme lifecycle (e.g., Engineering, Procurement, Construction, Installation/Commissioning processes).
- Proficient in the interpretation of Earned Value Analysis.
- Excellent MS Office skills and well versed in the preparation of reports and information using packages such as Word, Excel, and PowerPoint.
Desirable
- Working knowledge of Primavera.
- Experienced in the use of Finance and Project software.
- Working knowledge of relevant Health and Safety legislation.
Qualifications
- Degree / Suitable Experience
About Us
Costain helps to improve people's lives with integrated, leading edge, smart infrastructure solutions across the UK's energy, water, transportation and defence markets. We help our clients improve their business performance by increasing capacity, improving customer service, safeguarding security, enhancing resilience, decarbonising and delivering increased efficiency. Our vision is to be the UK's leading smart infrastructure solutions company. We will achieve this by focusing on blue‐chip clients whose major spending plans are underpinned by strategic national needs, regulatory commitments, legislation or essential performance requirements. We offer our clients leading edge solutions that are digitally optimised through the following five services which cover the whole lifecycle of their assets: future‐shaping strategic consultancy; consultancy and advisory; digital technology solutions; asset optimisation and complex programme delivery. Our culture and values underpin everything we do.
Costain appreciate the time and effort taken when applying for one of our positions but, due to the high volume of responses, we are unable to provide individual feedback on candidates at application phase. We do share individual feedback following an interview.
A Disability Confident employer will generally offer an interview to any applicant that disclose they have a disability and meets the minimum criteria for the job as defined by the employer. It is important to note that in certain recruitment situations such as high‐volume, seasonal and high‐peak times, the employer may wish to limit the overall numbers of interviews offered to both disabled people and non‐disabled people.
Cost Engineer in London employer: Costain Group PLC
Contact Detail:
Costain Group PLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Engineer in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and join relevant online groups. You never know who might have the inside scoop on a Cost Engineer role that’s perfect for you.
✨Tip Number 2
Prepare for interviews by brushing up on your cost management knowledge and project lifecycle experience. Be ready to discuss specific projects you've worked on and how you tackled challenges – this will show you’re the real deal!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings at StudySmarter and see how you can contribute to our mission while growing your career.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Plus, it shows your enthusiasm for the role and the company – something we really appreciate at StudySmarter.
We think you need these skills to ace Cost Engineer in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cost Engineer role. Highlight your experience in cost management and project lifecycle, and don’t forget to mention any relevant software skills like MS Office or Primavera.
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 team. Mention specific projects you've worked on that relate to the responsibilities listed in the job description.
Showcase Your Teamwork Skills: Since this role involves working within a team, make sure to highlight your teamwork experiences. Share examples of how you’ve collaborated with others to achieve project goals or overcome challenges.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of all the amazing candidates like you!
How to prepare for a job interview at Costain Group PLC
✨Know Your Numbers
As a Cost Engineer, you’ll need to be confident with numbers. Brush up on your cost management skills and be ready to discuss specific examples of how you've controlled and monitored costs in previous projects. Prepare to explain your approach to Earned Value Analysis and how it has impacted your project outcomes.
✨Showcase Teamwork
This role requires effective collaboration within a team. Think of instances where you’ve successfully worked with others to achieve project goals. Be prepared to share how you liaised with project team members and contractors, and how you managed to keep everyone aligned on cost forecasting and project risks.
✨Prepare for Scenario Questions
Expect questions that put you in hypothetical situations related to cost variances or project changes. Practice articulating your thought process on how you would handle these scenarios, including how you would challenge cost variances and propose alternatives to the Project Manager.
✨Familiarise Yourself with Tools
Make sure you’re comfortable with MS Office and any project management software mentioned in the job description, like Primavera. If you have experience with finance and project software, be ready to discuss how you’ve used these tools to enhance project delivery and reporting.
