Cost Engineer

Cost Engineer

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage project costs and schedules while ensuring value for clients.
  • Company: Join a leading firm in construction and engineering with a focus on innovation.
  • Benefits: Flexible working environment, career growth opportunities, and a commitment to work-life balance.
  • Why this job: Make a real impact by optimising project delivery and client satisfaction.
  • Qualifications: Experience in project controls and strong analytical skills required.
  • Other info: Diverse and inclusive workplace that values every voice.

The predicted salary is between 36000 - 60000 £ per year.

As an experienced Cost Engineering Professional you will establish the required processes, templates and tools, and agree the baseline for cost and schedule, whilst monitoring performance against it and incorporating the impacts of risk, opportunities and change in a controlled manner. Identify trends and root causes of deviations against the baseline using lead and lag indicators, recommend remedial actions in order to drive best value for the client.

Lead the evaluation of the project’s time, cost, and quality targets, applying governance controls as necessary to enable the successful delivery of the project. Cooperate with a remote team of cost managers responsible for reaching an agreed, market‑tested cost baseline and ensuring the client is receiving value for money. Guide and influence the general contractor, ensuring they are progressing in line with the schedule and within agreed cash flow parameters.

Act as the key point of contact to the client, overcoming delivery and commercial issues whilst preparing formal and ad‑hoc reports focussing on time, cost and quality targets. Control costs with your knowledge of conceptual estimating, funding stage gates, basic contingency principals, procurement principals. Create and/or work within a cost report, summarising financials in an executive‑level dashboard.

Understand change management principals, lead agreed change management process and workflow, providing a platform for adding, tracking, monitoring and approving change. Coordinate and lead planning sessions and workshops with clients and vendors to compile the master project/programme schedule, agreeing baselines and a critical path. Understand procurement principals, collate lead times from vendors and client into the master schedule and communicate the prioritisation of ordering materials and equipment to meet scheduled install dates. Work closely with the client to define vendor schedule requirements.

Actively participate in project team risk evaluations, incorporating the defined risks into Monte Carlo to output quantitative impacts to the overall project cost and schedule. Work closely with the project team to stay informed on status of project changes, incorporating and communicating these to the project team to allow for approvals in the change management process. Hold vendors accountable for required schedule updates and reporting to maintain timely and accurate updates of the master schedule ensuring that the schedules adhere to the defined process and quality expectations.

Qualifications

Proven experience in project controls coordination in all phases of the project lifecycle including program, risk and reporting with specialist life sciences or data centre sector experience. Demonstrated experience in the ability to determine corrective actions or recommendations based on facts and figures and critically evaluating information and data from various sources. Advanced skills in MS Office and Primavera P6. Able to demonstrate a commitment to providing excellent service. Reliable with the ability to work autonomously and as part of a team. Strong time‑management skills, quick thinking and ability to meet project deadlines as necessary. Highly motivated and driven with a passion for delivering to your clients and have the ability to work independently.

Additional Information

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work–life balance.

Equal Opportunity Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

Cost Engineer employer: Turner & Townsend

Turner & Townsend is an exceptional employer that fosters a collaborative and inclusive work culture, empowering employees to make meaningful contributions to projects in the construction and civil engineering sectors. With a strong commitment to work-life balance and professional development, we provide our team with the tools and support needed to thrive, ensuring that every individual has a voice in shaping our collective success. Join us in a dynamic environment where your expertise as a Cost Engineer will be valued and rewarded.
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Contact Detail:

Turner & Townsend 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 your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can help you land that Cost Engineer role.

✨Tip Number 2

Prepare for those interviews by researching the company and understanding their projects. We want you to showcase your knowledge of cost engineering principles and how they apply to their specific needs. Tailor your responses to highlight your experience with project controls and risk management.

✨Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. We suggest focusing on your ability to analyse data and recommend corrective actions, as these are key skills for a Cost Engineer.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. We’re always on the lookout for passionate individuals who can contribute to our mission, so make sure you put your best foot forward!

We think you need these skills to ace Cost Engineer

Cost Engineering
Project Controls Coordination
Risk Management
Change Management
Data Analysis
MS Office
Primavera P6
Time Management
Communication Skills
Analytical Skills
Problem-Solving Skills
Governance Controls
Vendor Management
Financial Reporting
Autonomy

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in cost engineering. Use keywords from the job description to show that you understand what we're looking for.

Showcase Your Skills: Don’t just list your skills; demonstrate how you've used them in past projects. We want to see your advanced MS Office and Primavera P6 skills in action, so include specific examples!

Be Clear and Concise: Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon and make sure your achievements stand out without fluff.

Apply Through Our Website: For the best chance of success, apply directly through our website. This way, we can ensure your application gets the attention it deserves and you’re considered for the role!

How to prepare for a job interview at Turner & Townsend

✨Know Your Numbers

As a Cost Engineer, you'll need to demonstrate your ability to work with financial data. Brush up on your knowledge of cost estimation and reporting. Be prepared to discuss specific examples where you've successfully managed budgets or identified cost-saving opportunities.

✨Master the Tools

Familiarise yourself with MS Office and Primavera P6, as these are crucial for the role. During the interview, mention any projects where you've used these tools effectively. Showing that you can navigate these platforms will give you an edge.

✨Showcase Your Problem-Solving Skills

Be ready to discuss how you've tackled challenges in past projects. Use the STAR method (Situation, Task, Action, Result) to structure your answers. Highlight instances where you've identified trends or root causes of deviations and how you recommended corrective actions.

✨Communicate Clearly

As the key point of contact for clients, strong communication skills are essential. Practice explaining complex concepts in simple terms. During the interview, demonstrate your ability to convey information clearly and concisely, especially when discussing project timelines and cost management.

Cost Engineer
Turner & Townsend
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