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At AECOM, we are currently recruiting for a Cost Engineer:Rail projects to join our Dublin office.
The Cost Engineer:Rail projects is responsible for project budgeting, procurement, and cost control. The role works closely with project teams to develop and implement effective cost management processes, oversee procurement activities, and ensure compliance with relevant industry standards and organisational requirements.
The Cost Engineer collaborates with multidisciplinary teams to support integrated planning and successful project delivery while promoting continuous improvement within the cost management function. The role also identifies and assesses cost-related risks, developing and implementing mitigation strategies to minimise financial exposure.
This position is critical to ensuring sound financial management, the effective use of project funds, and transparency and accountability throughout all financial and procurement processes.
Key Responsibilities
- Develop, implement, and maintain cost control processes to monitor and manage project budgets, expenditure, forecasts, and financial performance.
- Prepare, review, and manage project budgets, ensuring alignment with project objectives, funding requirements, and financial constraints.
- Manage procurement activities throughout the procurement lifecycle, including prequalification, tendering, evaluation, supplier selection, contract award, and contract administration.
- Prepare, review, and evaluate tender documentation to ensure accuracy, completeness, and compliance with project and organisational requirements.
- Produce detailed cost reports, including cost forecasts, variance analyses, and cash flow projections, and present findings and recommendations to senior management.
- Collaborate with project managers and multidisciplinary teams to support integrated planning, cost management, and successful project delivery.
- Establish and monitor project cost objectives, tracking performance and recommending corrective actions where required.
- Identify, assess, and manage cost-related risks, developing and implementing mitigation strategies to minimise financial exposure.
- Undertake cost analyses and identify opportunities to improve value, optimise costs, and enhance project outcomes.
- Monitor and manage project cost variances, contract expenditure, and cash flow, ensuring financial processes are completed accurately and within required timeframes.
- Ensure all cost management and procurement activities comply with applicable legislation, regulations, organisational policies, and industry best practice.
- Contribute to the continuous improvement of cost management processes, systems, and reporting.
- Undertake other duties and responsibilities commensurate with the role, as required.