Cost Engineer

Our client, is a UK company working within the offshore oil & gas and renewable energy industries. they deliver complex industrial projects providing a range of professional services. You will be working on an EPC (Engineering, Procurement and Construction) Contract lasting approximately 18months based in the Newcastle area.

COST ENGINEER - EPC CONTRACT

Maintain and generate accurate cost report for this Offshore Jacket Project..

The Job
Key aims and objectives
- Ensuring that project cost control and reporting is undertaken in a consistent manner and reported in accordance with company policies and procedures.
- Working closely with and supporting other members of the cost and planning team.
- Provide Cost Engineering service to the contract with responsibility for the accurate Cost Reporting of complete projects or individual elements within major projects.
- Expenditure Analysis/Reporting
- Preparation and maintenance of project cost control structures
- Monitor and report costs against Project Target Cost Estimates (TCE's)
- Allocate costs to appropriate Cost Centers
- Prepare project cost reports, Value of Work Done & monthly budget forecasts
- Prepare project cost reconciliations (project escalations, variations etc)
- Validation and approval of subcontractor invoices
- Generating accurate, monthly cost/man-hour reports for all project activities including, where applicable, both company and Client commitments, accruals, actual expenditure to date and forecast final expenditures
- Contribute to the Contract Commercial Meeting
- Undertake regular reviews of expenditure against progress and latest estimates by activity, and assessing the impact of cost over/under-runs by preparing trend analyses and options.

Experience/Qualifications
- The candidate must have the ability to produce detailed cost reports that can be substantiated and be able to present them in a professional format to the required level of accuracy.
- Appreciation of the importance of cost data collection and analysis.
- Experienced in the use of Microsoft Office suite of applications
- Experience and confidence in the use of typical business software applications

To apply for this position, candidates must be eligible to live and work in the UK.