Senior Risk Engineer (Contract)

Senior Cost Engineer Department: Project Controls / Commercial Reports To: Project Controls Lead / Senior Project Manager The Cost Engineer will be responsible for developing and managing comprehensive cost estimates for offshore wind turbine projects and creating “should cost” models to support tendering strategies. The successful candidate will demonstrate an analytical approach, a willingness to learn from diverse stakeholders, and an openness to refining global cost structures for the local market. Cost Estimation & Analysis Develop detailed cost estimates for all phases of offshore wind projects, covering engineering, procurement, manufacturing, logistics, installation, and commissioning. Use industry benchmarks and historical data to validate assumptions, adjusting for local UK/EU market conditions and labor rates. “Create “should cost” models to forecast what developers’ project costs may be, serving as a strategic tool for the company’s tendering process. Collaborate with senior management, commercial teams, and project managers to incorporate “should cost” insights into bid proposals. Coordinate with Project Managers and Finance teams to establish and maintain project budgets, defining cost baselines and cash flow projections. Regularly update forecasts based on project progress, market fluctuations, and scope changes. Risk & Contingency Management Identify and quantify potential cost risks, collaborating with Project Managers, HSE, and Quality teams to integrate contingencies into cost planning. Conduct scenario analyses considering currency exchange rates, raw material costs, and supply chain disruptions. Develop strategies for mitigating identified cost risks, ensuring robust financial planning throughout project execution. Partner with Procurement teams to secure accurate supplier quotes, accounting for logistics, customs, and local tax implications. Evaluate cost proposals from contractors and suppliers, ensuring alignment with project requirements and commercial targets. Support negotiations by providing data-driven insights on cost drivers and competitive pricing. Recommend and implement improvements to cost estimation methodologies, including the adoption of digital tools and emerging technologies. Conduct post-project analyses to identify lessons learned, integrating feedback into future estimating approaches. Stay informed about market trends in offshore wind and renewable energy to ensure the company’s cost models remain competitive. Ensure all cost-related documentation adheres to the company’s document control standards for consistency and auditability. Support the establishment of standardized cost structures and coding systems (e.g., Bachelor’s degree (or equivalent) in Engineering, Quantity Surveying, Finance, or a related field. 5+ years of experience in cost estimation or quantity surveying within large-scale infrastructure or renewable energy projects (offshore wind preferred). ~2+ years of experience with Offshore Wind ~ Proficiency with cost estimation software (e.g., CostX, Cleopatra, or similar) and advanced Excel skills. Strong understanding of cost drivers in offshore wind or related energy sectors, including manufacturing, logistics, and installation.