Cost Engineer

1 week ago

Irvine, North Ayrshire, United Kingdom Inter-Quest Full time £29,296 per year

Location:

Hunterston, North Ayrshire, Scotland

Salary:

£ per hour + None

Category

Quantity Surveying

Sector:

Power, Nuclear and Utilities

Contract type

Contract

Consultant:

Scarlet Wilson

Cost Engineer – Long-Term Contract (Until February 2027)

  • Rate: £55.60 per hour
  • Working hours: 4 days per week (37.5 hours total)
  • Hybrid working: 2 days based in Hunterson office, 2 days remote
  • Location: Hunterson A, West Kilbride, Ayrshire, KA23 9RA

Our client is a leading engineering consultancy that provides services to the nuclear sector.

As a Cost Engineer, you'll provide comprehensive cost management support — including cost forecasting, performance analysis, change control, and post-contract cost activities — ensuring projects are delivered on time, on budget, and to the highest standard.

Key Responsibilities

  • Report to the Project Manager for service delivery and to the Function Lead for functional standards.
  • Participate in project reviews, audits, and self-assessments to maintain compliance.
  • Prepare and manage project change controls and baseline management.
  • Establish and implement effective cost capture, coding, and reporting structures (Work Orders, POs, CBS).
  • Align project controls with contractual obligations, driving improvements where needed.
  • Manage time bookings, charge codes, and resource tracking for accurate cost allocation and forecasting.
  • Track manpower productivity and provide actionable insights to project leadership.
  • Conduct post-contract cost management activities including payment certifications, Compensation Events (CE), and contract close-out.
  • Validate and analyse supply chain cost data to support accurate forecasting.
  • Prepare and maintain ETC, ACWP, and CPI reports.
  • Support Value Engineering studies and cost efficiency initiatives.
  • Prepare and maintain Baseline Change Proposals (BCP), sanction proposals, and Basis of Estimate (BoE) documentation.
  • Participate in cost studies and benchmarking exercises.
  • Contribute to continuous improvement through knowledge sharing, mentoring, and training within the project controls team.

Education / Qualifications:

  • Relevant professional qualification (e.g. ACMA, ACostE Incorporated, or equivalent experience)
  • Membership of a relevant professional body (e.g. ACostE, AACE, RICS)

Experience / Knowledge:

  • Significant experience in a project-based environment
  • Strong background in cost engineering, management accounting, or cost management
  • Demonstrable knowledge of Earned Value Management (EVM) and reporting techniques
  • Experience with post-contract administration (NEC, ICE, JCT, FIDIC)
  • Solid understanding of risk management, cost/schedule integration, and performance analysis
  • Skilled in identifying, analysing, and solving complex project cost challenges

Please note, all candidates will gain BPSS Clearance prior to starting.

For more information, please contact Scarlet Wilson.

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