At a Glance
- Tasks: Manage costs for exciting capital projects and ensure budget accuracy.
- Company: Join a leading company committed to diversity and inclusion.
- Benefits: 12-month contract with competitive pay and professional growth opportunities.
- Other info: Dynamic work environment with opportunities for career advancement.
- Why this job: Be a key player in multi-million-pound projects and make a real impact.
- Qualifications: Experience in cost engineering and strong Excel skills are essential.
The predicted salary is between 40000 - 50000 £ per year.
Role Duration: 12 months contract position
Location: Grangemouth Office Based
Closing Date: 28th June 2026
About The Role
- Provide independent, transparent cost control across a complex portfolio of capital projects, turnarounds and operating expenditure.
- Act as a trusted advisor to budget holders, challenging assumptions and driving cost discipline.
- Support delivery of a multi-million-pound portfolio through robust forecasting, risk identification and early intervention.
- MyTrack (contractor management software) coordination across multiple term contractors, ensuring efficient daily settlement, system integrity and issue resolution.
Day to Day Responsibilities
- Deliver monthly cost reporting including Value of Work Done (VOWD) and forward forecasts, with clear insight into risks and variances.
- Lead monthly cost reviews with budget holders, providing challenge and driving accountability for spend and forecast accuracy.
- Monitor project commitments and expenditure to ensure alignment with approved budgets and sanction limits.
- Validate contractor spend and VOWD through system interrogation and engagement with delivery teams to ensure accurate, auditable reporting.
- Manage and control project change through robust tracking and reporting of change orders, ensuring transparency between actual and forecast costs.
- Proactively identify cost trends and emerging risks, escalating early and supporting corrective actions.
- Ensure timely and accurate closure of purchase orders and full financial close of projects and work scopes.
- Coordinate MyTrack processes across several term contractors driving daily settlement process, coordinating the INEOS authorisers and vendor timekeepers, providing support and troubleshooting errors and overrides.
Required Qualifications
- Appropriate Quantity Surveying or Cost Engineering qualification beneficial but not essential.
- Previous experience in a Cost Engineering role required with experience working in multi-stakeholder environments.
- Familiarity with Maximo/SAP/PowerBI/MCI myTrack systems desirable along with strong Excel skills showing confidence working with detailed cost estimates and cost reports.
- Strong commercial acumen and the ability to challenge constructively.
- Self-starter and comfortable with communications at all levels in the organisation.
Equal Opportunity Employer
As an equal opportunity employer, we encourage diversity and are committed to creating an inclusive environment for all employees. We actively encourage applicants from all protected characteristics and commit to providing any reasonable adjustments required during the application, assessment and upon joining Ineos FPS. If you would like to discuss any adjustments you may require throughout the recruitment and selection process please contact.
Cost Engineer - (Maternity Cover) in Grangemouth employer: INEOS
At INEOS FPS, we pride ourselves on being an excellent employer, offering a supportive and inclusive work culture that values diversity and encourages personal growth. Our Grangemouth location provides a dynamic environment where employees can thrive, with opportunities for professional development and the chance to work on impactful projects within a multi-million-pound portfolio. Join us to be part of a team that values transparency, accountability, and innovation in cost engineering.
