At a Glance
- Tasks: Prepare target cost estimates and manage valuations for highways contracts.
- Company: Join Ringway, a leader in commercial management with a focus on highways.
- Benefits: Permanent role with flexible working hours and a supportive environment.
- Other info: Mentorship opportunities and a commitment to diversity and inclusion.
- Why this job: Make a real impact in the highways sector while developing your skills.
- Qualifications: Strong numerical skills and experience in NEC3/NEC4 contracts required.
The predicted salary is between 50000 - 65000 € per year.
Ringway is seeking an experienced Target Cost Estimator to join our Commercial Management team on a term maintenance highways contract. This is a senior specialist role, responsible for preparing robust target cost estimates and managing monthly valuations under NEC3/NEC4 target-cost arrangements, ensuring accuracy, transparency and value for money.
Responsibilities
- Prepare detailed target cost estimates using Schedules of Rates and agreed pricing mechanisms, covering labour, plant, materials, subcontractors, overheads and risk.
- Price and submit Early Warnings and Compensation Events, working closely with Quantity Surveyors to protect contractual entitlement.
- Prepare and submit monthly applications for payment, ensuring 100% of completed work value is captured with full supporting evidence.
- Record and manage costs within systems such as Causeway CPA, SAP and Confirm, maintaining real-time visibility of actual versus target cost.
- Monitor variances and escalate risks early, supporting proactive commercial decision-making.
- Manage and verify subcontractor costs and payments, ensuring accuracy and alignment with project budgets.
- Work collaboratively with operational teams to clarify scopes and improve estimate accuracy.
- Communicate openly and professionally with the Client’s commercial representatives.
- Mentor junior commercial team members and contribute to continuous improvement initiatives.
Person Specification
- Strong numerical, analytical and organisational skills
- NEC3/NEC4 (Option C) contract experience
- Advanced Excel and cost-management system capability
- Strong experience in a commercial/estimating role within highways or civil engineering
- HNC / HND / Degree in Quantity Surveying or Commercial Management (or equivalent experience)
- Experience with Causeway CPA, SAP and Confirm preferred
Contract Details
- Contract Type: Permanent
- Hours: Full Time - 40 hours per week, Monday to Friday
Equality, Diversity and Inclusion
Fairness, Inclusion and Respect (FIR) at Ringway recognises and celebrates each other’s differences and what they bring to the team. We commit to equity of opportunity and fair treatment of all current and potential employees and encourage job applications from all. If you require reasonable adjustments during the application process, please contact us directly. We offer flexible working arrangements across many roles where possible to support work-life balance.
Target Price Estimator in Milton Keynes employer: Ringway London
Ringway is an exceptional employer that values its employees by fostering a collaborative and inclusive work culture, particularly within the Commercial Management team. With a commitment to professional development, employees have ample opportunities for growth and mentorship, especially in senior specialist roles like the Target Price Estimator. Located in a dynamic environment, Ringway offers flexible working arrangements to support work-life balance, ensuring that every team member can thrive both personally and professionally.
StudySmarter Expert Advice🤫
We think this is how you could land Target Price Estimator in Milton Keynes
✨Tip Number 1
Network like a pro! Reach out to your connections in the highways and civil engineering sectors. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by brushing up on NEC3/NEC4 contracts and cost estimation techniques. We want you to walk in with confidence, ready to showcase your expertise and how you can add value to the team.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We love seeing candidates who are proactive and genuinely interested in the role.
✨Tip Number 4
Apply through our website for the best chance at landing the job. We make it easy for you to showcase your skills and experience directly to us, so don’t miss out on that opportunity!
We think you need these skills to ace Target Price Estimator in Milton Keynes
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Target Price Estimator role. Highlight your experience with NEC3/NEC4 contracts and any relevant cost management systems like Causeway CPA or SAP. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our Commercial Management team. Mention specific projects where you've prepared target cost estimates or managed valuations, and show us your passion for the role.
Showcase Your Analytical Skills:Since this role requires strong numerical and analytical skills, make sure to include examples of how you've used these in past roles. Whether it's monitoring variances or managing costs, we want to see your expertise in action!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the StudySmarter family!
How to prepare for a job interview at Ringway London
✨Know Your Numbers
As a Target Price Estimator, you'll need to demonstrate strong numerical and analytical skills. Brush up on your understanding of Schedules of Rates and pricing mechanisms. Be ready to discuss how you've prepared detailed cost estimates in the past and how you ensure accuracy and transparency.
✨Familiarise with NEC Contracts
Make sure you're well-versed in NEC3/NEC4 contracts, especially Option C. Prepare examples of how you've managed target-cost arrangements and dealt with Early Warnings and Compensation Events. This will show that you understand the contractual landscape and can navigate it effectively.
✨Showcase Your Tech Skills
Highlight your experience with cost-management systems like Causeway CPA, SAP, and Confirm. Be prepared to discuss how you've used these tools to maintain real-time visibility of costs and manage variances. This will demonstrate your technical capability and readiness for the role.
✨Collaboration is Key
Emphasise your ability to work collaboratively with operational teams and communicate effectively with clients. Share examples of how you've clarified scopes or mentored junior team members. This will showcase your teamwork skills and commitment to continuous improvement.
