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Cost Estimator

3 months ago

Bristol, Bristol, United Kingdom Jefferson Wells Full time

Cost Estimator - Defence - SC cleared

The location of the role is Bristol (hybrid working).
The duration of the contract is 8 weeks.
The pay rate on offer is £market rate per day.

Candidates must hold active SC clearance or be willing and eligible to undergo the process.

Key accountabilities of the role
The individual in this role will be required to support the Authority Cost Modelling Lead (within the TacSys Finance Function) in a variety of cost analysis and cost modelling activities. In summary the activities required in producing the deliverables involve:

  • Working with TacSys Project Managers and Finance staff to develop robust cost forecasts for their projects,
  • Utilise the mandated tools available such as the TacSys Cost Capture Workbook (CCWB) and CAAS-owned CRBS Cost Model
  • Assist TacSys commercial with Allowable Cost Reviews (when CAAS cannot support) of single-source bids from industry
  • Perform Verification and Validation (V&V) of cost models and spreadsheets in accordance with CAAS Instructions
  • Produce clear and concise reports summarising major activity (e.g. ACRs and V&V)
  • Assisting the Crown Servants in TacSys Cost Modelling, Finance and wider TacSys on cost modelling aspects

Key skills and experience

  • Verification & Validation (V&V) experience - Critical examination of cost models for function and robustness of estimates. CAAS V&V Standards will need to be followed
  • Cost model development skills (in Excel) - ability to generate (and analyse others') cost models in accordance with Best Practice
  • Critical analysis of costs being used by Project Managers in their estimates (and to assist with improving estimate robustness)
  • Understanding Monte-Carlo simulation techniques and application of appropriate software tools (TacSys use Vose ModelRiskTM)
  • Where to find and how to apply indices such as Foreign Exchange (FOREX), VAT and Inflation.
  • Appropriate and proportionate use of correlation in a cost model
  • Three-Point Estimating (3PE) techniques
  • Correct handling and reporting of Risks in modelling,
  • Understanding of RiC and RoC and how to extract them from modelled outputs
  • Application of Optimism Bias
  • Understanding of implications (and application) of MOD instructions such as JSP 507, JSP 655