Cost Engineer - Energy

Company Description

At Turner & Townsend we’re passionate about making the difference – we are committed to delivering Sustainable Net Zero outcomes for our clients, helping our people to realize their potential, and doing our part to create a prosperous society.

The world is changing, and we have a responsibility to support that change, helping drive it and be part of it.

Through the commitment, capability and care our team brings, we build trust between clients, suppliers, governments, and society. Delivering better outcomes that have a positive impact on the world around us.

We work smarter to face the challenges of the future; bringing the clarity that helps teams realise their full potential across the real estate, infrastructure, and natural resources sectors.

It’s how we’ve made the difference for 75 years. Transforming performance for a green, inclusive and productive world.

Due to increased opportunities and demand in the Energy & Natural Resources division, the South West team is recruiting for Cost Engineers to join a diverse and supportive team during a period of significant growth. Our nuclear client is at the forefront of industry leading change, and we are keen to speak to like-minded individuals with senior cost engineering experience to see what Turner & Townsend can offer you.

Candidates will be required to be present in our client office in Bridgewater for 3 days per week.

A Cost Engineer will be responsible for work packages and projects of varying size and complexity. Due to the nature of the programme of works, work packages may vary in size with Cost Engineers accountable for control of cost on multiple smaller projects or one which could be significantly larger in value. A Senior Cost Engineer will be responsible for taking the lead on cost control for multiple non-related projects or single highly complex projects within the programme of works.

They will understand and manage relationships between time, cost, risk, change, reporting and scope, with accountability for creating and maintaining robust cost controls and reports that provide our clients with accurate data to drive management decisions. They will play a key role in ensuring that client objectives are met and that projects are delivered to time and cost targets and the appropriate quality standards.

• Tailoring Cost Control approaches to meet the client’s needs and aligning with best practice.
• Implementing, administering, and maintaining cost control systems and procedures to track project budgets, commitments, expenditures, and forecasts.
• Working with the Integrated Project Team to establish a robust, integrated, well-structured, accurate Performance Measurement Baseline (PMB) and support the change control process.
• Development of project Cost Breakdown Structures (CBS), aligning the time phasing of budgets against the Work Breakdown Structures (WBS), to accurately track and control actual costs.
• Map and integrate cost estimates to the Work Breakdown Structure, in order to set the project budget against the correct Work Packages, Planning Packages and Control Accounts.
• Adherence to NEC or FIDIC contract processes for management, control and reporting of cost data.
• Lead the production of accruals to ensure that the Actual Cost of Work Performed (ACWP) is accurately reflected in a timely manner in the cost data.
• Support the change process by providing cost information for change notes and to underpin forecasts.
• Update project forecasts to ensure comprehensive and aligned Estimate To Complete (ETC).
• Work with the project team to set out and implement cost capture requirements, including ensuring appropriate work orders (WO) are in place, structure of requisitions, aligning Purchase Order (PO) structure with WO’s and ensuring sub-contract data provided can be used to monitor and control costs.
• Align Purchase Orders with CBS to give clarity of Cost Performance Indices at an appropriate level within the Project.
• Validate and interrogate supply chain data to assist in accurate cost forecasting and trending and work with the supply chain to understand variances, drive cost…