Cost Estimation Lead
6 days ago
Senior Cost Engineer Role
The Thrive Team Limited is seeking a seasoned Senior Cost Engineer to lead cost estimation efforts for complex fabrication projects in the defence and O&G sectors.
Key Responsibilities:
- Develop detailed cost estimates for metal fabrication projects, including labour, materials, equipment, and overhead. Collaborate with engineering, procurement, and project management teams for accurate estimates.
- Identify potential financial risks and cost drivers. Perform cost-benefit analyses and develop mitigation strategies. Present findings to senior management and provide recommendations for project cost optimization.
- Liaise with suppliers and contractors to align pricing with budgets. Negotiate subcontractor costs and change orders.
- Continuously seek opportunities to improve cost engineering processes, tools, and systems for increased efficiency and accuracy.
- Ensure cost estimates adhere to industry standards and company policies, particularly related to safety, sustainability, and regulatory requirements.
- Ensure cost estimates consider the financial performance of previous projects. Identify variances and initiate corrective actions when necessary.
Qualification & Skills:
- Time served Fabricator in a medium to heavy Engineering environment.
- 8-10 years of experience in cost engineering within the metals manufacturing industry with relevant fabrication & welding and machining experience preferred.
- Proven experience in cost estimation and project financial management for large-scale metal fabrication projects.
- Strong knowledge of metals and materials used in fabrication (e.g., steel, aluminium, etc.), production processes, and industry standards.
- Expertise in cost management software, methods, and estimating norms.
- Excellent communication and negotiation skills, with the ability to collaborate across departments and with external vendors.
- Ability to manage multiple projects simultaneously and work well under pressure to meet deadlines.
- Professional certification (e.g., CCP, AACEI) is highly desirable.
Ideal candidates will have a proven track record in cost estimation and project financial management for large-scale metal fabrication projects. A good working knowledge of Lean manufacturing principles and methodologies is also desirable.
Benefits Package:
- Competitive Salary and company benefits.
- 25 days holidays per year plus Bank Holidays.
- Company Pension Scheme.
- Death in Service life insurance scheme.
- Personal Injury scheme.
- Health Cash Plan.
- Free electric charging points.
- Salary sacrifice schemes including cycle to work.
- Early finish on a Friday.
- Onsite Parking.
- Free hot meals.
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