Cost Engineer

Sunbury-On-Thames, Middlesex, United Kingdom (Hybrid)

Wood is currently looking for an experienced Cost Engineer to join us in our Sunbury office on a full time, contract basis.

Our Clients and Projects

Designing the future. Transforming the world.

Wooddelivers solutions across more than 60 countries with local offices covering all major energy and materials hubs globally.

For more than 160 years,wehave partnered with clients to deliver engineering, advisory and operational solutions to some of the world’s most complex and critical challenges in energy and materials.

#LI-Hybrid

• Meaningful and interesting projects
  delivered to leaders of industry across emerging energy sectors
• Commitment to Diversity and Inclusion
  ; we are an organisation actively committed to diversity and inclusion across our business
• Competitive salary
  with regular salary reviews to ensure we are rewarding at the right level in line with the market
• Flexible benefits package
  ; inclusive of 33 days annual leave (including public holidays), generous contributory pension scheme, private medical cover, 4x base salary life insurance; all of these and more that can be adapted to suit your own lifestyle
• Commitment to continued professional development;development plans that are tailored to your individual needs and interests
• Global connections
  : join experts around the world who are at the leading edge of our industry, shaping the standards of our profession

As a Cost Engineer, you will prepare and report on project cost budgets, and the tracking, management and reporting of project expenditure to enable robust control of projects throughout their life cycle. You will support senior members of the cost team through the preparation and reporting of project cost budgets, ensuring budgets and reports are prepared to the required level of detail and accuracy in accordance with contractual requirements and Wood policies, procedures and standards.

This will typically involve the review, analysis and reporting of actual and forecasted project costs against the project approved budget.

• Develop, issue and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes
• Liaise with other Project Controls disciplines and functions, assist and support in the development of project budgets in accordance with the Basis of Estimate including statements of work scope, assumptions, man-hour estimates, narratives and review & comment of client documents
• Liaise with procurement, finance and time-capture functions, and third parties as required, to ensure accurate and timely capture of procurement, materials, subcontract and labour manhour costs
• Ensure costs are allocated accurately in accordance with approved project WBS
• Liaise with engineering, procurement and construction functions, and others as required, to maintain awareness of project activities and their impact on the project budget, schedule and cost forecast
• Facilitate and manage the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
• Develop and maintain project cost budgets using appropriate software applications
• Monitor and control cost commitments and expenditures through all phases of project lifecycle
• Liaise with planning as required to ensure accuracy in project cost phasing and forecasting
• Prepare and provide project cost performance reports in accordance with project reporting requirements
• Prepare and issue updates to project cost forecasts
• Monitor and report on cost impact of project manpower forecasts
• Develop and issue project change orders / variations in accordance with engineering and construction change notifications
• Facilitate and communicate…