Due to increased opportunities and demand in the Energy & Natural Resources division, the team are recruiting for Cost Engineers to join a diverse and supportive team during a period of significant growth. Our Energy client is at the forefront of industry leading change, and we are keen to speak to like-minded individuals with senior cost engineering experience to see what Turner & Townsend can offer you.
MAIN PURPOSE OF ROLE
A Cost Engineer will be responsible for work packages and projects of varying size and complexity. Due to the nature of the programme of works, work packages may vary in size with Cost Engineers accountable for control of cost on multiple smaller projects or one which could be significantly larger in value. A Cost Engineer will be responsible for taking the lead on cost control for multiple non-related projects or single highly complex projects within the programme of works. They will understand and manage relationships between time, cost, risk, change, reporting and scope, with accountability for creating and maintaining robust cost controls and reports that provide our clients with accurate data to drive management decisions. They will play a key role in ensuring that client objectives are met and that projects are delivered to time and cost targets and the appropriate quality standards.
Key Accountabilities
As a Cost Engineer, you have a passion to provide services as required by our clients, which may include:
- Tailoring Cost Control approaches to meet the client’s needs and aligning with best practice.
- Implementing, administering, and maintaining cost control systems and procedures to track project budgets, commitments, expenditures, and forecasts.
- Working with the Integrated Project Team to establish a robust, integrated, well structured, accurate Performance Measurement Baseline (PMB) and support the change control process.
- Development of project Cost Breakdown Structures (CBS), align the time phasing of budgets against the Work Breakdown Structures (WBS), to accurately track and control actual costs.
- Map and integrate cost estimates to the Work Breakdown Structure, in order to set the project budget against the correct Work Packages, Planning Packages and Control Accounts.
- Adherence to NEC or FIDIC contract processes for management, control and reporting of cost data
- Lead the production of accruals to ensure that the Actual Cost of Work Performed (ACWP) is accurately reflected in a timely manner in the cost data.
- Support the change process by providing cost information for change notes and to underpin forecasts.
- Update project forecasts to ensure comprehensive and aligned Estimate To Complete (ETC).
- Work with the project team to set out and implement cost capture requirements, including ensuring appropriate work orders (WO) are in place, structure of requisitions, aligning Purchase Order (PO) structure with WO’s and ensuring sub contract data provided can be used to monitor and control costs
- Align Purchase Orders with CBS to give clarity of Cost Performance Indices at an appropriate level within the Project;
- Validate and interrogate supply chain data to assist in accurate cost forecasting and trending and work with the supply chain to understand variances, drive cost accuracy and timely and accurate reporting
- Ability to interact with Management / Leadership members when delivering updates on Cost Control within a complex project/programme environment.
- Ability to guide and influence whilst delivering to cost control processes, on complex projects/programmes along with all associated processes & reports.
- Demonstrate leadership whilst developing technical ability of delivery and cost control team.