Cost Engineer

Greetings from Response Informatics!!

We are currently hiring a Project Cost Engineer for an exciting client engagement.

Role: Project Cost Engineer

Location: Bristol and Andover UK (Hybrid – 2 days per week mandatory at the client site)

Positions: Contract (Outside IR35)

Clearance: Active SC Clearance (Mandatory)

Job Summary

Key Responsibilities

Cost Estimation and Planning:

Develop and maintain detailed cost estimates for all phases of digital transformation projects.
Collaborate with project managers, engineers, and stakeholders to establish realistic budgets.

Budget Management:

Monitor project budgets and expenditures, ensuring alignment with financial objectives.
Prepare cost forecasts and provide insights into potential variances.

Cost Control and Reporting:

Implement cost control measures to manage project financial performance effectively.
Generate detailed cost reports and provide regular updates to project stakeholders.

Risk and Variance Analysis:

Identify and analyze cost risks and variances, recommending mitigation strategies as needed.
Conduct sensitivity analyses to evaluate the financial impact of project changes.

Collaboration and Communication:

Work closely with procurement teams, contractors, and suppliers to ensure cost efficiency.
Serve as the primary point of contact for cost-related queries and discussions.

Governance and Compliance:

Ensure adherence to defence financial regulations and reporting standards.
Maintain accurate and comprehensive documentation of cost management activities.

Qualifications and Experience

Education:

Experience:

Proven experience in cost engineering, project controls, or financial management within defence, aerospace, or similarly complex sectors.
Familiarity with defence-specific cost management standards and practices.
HM Treasury Green Book guidance and standards

Technical Skills:

Proficiency in cost estimation tools and financial analysis

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Job Details