Cost Engineer

Cost Engineer
Winfrith 
£60/h Umbrella rate - Inside IR35 
Mon-Thur 37.5-hour condensed week
Nuclear decommissioning project
12-month contract likely to be extended
The requirement on site a minimum of 2 days a week. 
Option to work a 4- or 5-day week, but the total hours are the same 37.5 hours. 

Project controls role with experience in cost and accounts
Cost Engineering
• Accountable to the project manager for service and to the Function Lead.
• To participate in project reviews and audits and conduct self-assessments of the Cost Engineering arrangements to ensure compliance is achieved with company procedures
• Support the preparation of project change controls
• Work with the project team to set out and implement cost capture requirements, including ensuring appropriate Work Orders (WO’s) 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
• Understand the contract project controls requirements and seek to improve if required. Align Purchase Orders with CBS to give clarity of Cost Performance Indices at an appropriate level within the Project
• Manage time bookings by ensuring that correct WO codes are available, review and delete as appropriate and authorise creation of new charge codes following approval of baseline and funding changes
• Tracking manpower productivity and analysing time booked to projects including resource usage vs. planned, resource constraints, etc. and make any relevant recommendations to the Project Manager
• Accurately apply charging practices to ensure costs are captured correctly in line with estimates and ensure financial data reported reflects a ‘true and fair’ view (e.g. to ensure that Actual Cost of Work Performed (ACWP) and BCWP reflects a complete picture at any point in time)
• Perform post-contract cost activities where required, e.g.:- Assess the amount due at each assessment date with or without an application from the contractor on contracts where no quantity surveyor available, raise payment certificate and Service Entry Notifications (SEN’s), assess Compensation Events (CE) and impact of Early Warnings (EW), review and assess Contract close out and instigate Defined Cost Audits as and when required (where in place, use Contract Event Management And Reporting tool (CEMAR) for all correspondence and to manage data.
• 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 accuracy and timely and accurate reporting
• Work closely with Contractor assessing and tracking contractor expenditure against progress
• Provide reliable & accurate Estimate to Completion (ETC) and Expenditure (ACWP) based on Value of Work Done
• Conduct full and detailed Cost Performance Index (CPI) & Cost Variance (CV) analysis and subsequent root cause analysis, followed by provision of narrative, recommendations & recovery plans
• Responsible for monthly Estimate at Completion (EAC) reviews and liaise closely with Project Manager and Programmes to inform of forecast and any changes
• Monitor contingency requirements and liaise with Project Team regarding contingency management
• Provide trended data to the Project Manager based on performance trends to date and emerging trends.
• Participate and contributing to Value Engineering Studies, including capture of project value engineering records and maximise the subsequent efficiency savings proposed, including provision of auditable background evidence.
• Quantify cost implications of emergent / additional project work and feed into relevant documentation (e.g. change control documentation)
• Ensure regular review of the project trend and issue logs. Support in the preparation of project Baseline Change Proposals (BCP), Sanction proposals and supporting estimate information including underpinning, Basis of Estimate (BoE) etc. Ensure information is routed into site / unit / project change control records
• Use estimate data to load budgets into baseline
• Establish the Project CBS and participate in the preparation of cost studies utilising historical data. Developing benchmarking information to meet specific needs.
• Seek out and analyse relevant current and historical data to support robust cost estimating of activities
• Support colleague’s learning and development through knowledge sharing, task instruction etc.
• Contribute to the effective development and delivery of training within own area of specialism.
• Provision of knowledge transfer and training and development of NRS staff from the Contract.
• The duties/responsibilities defined above may be supplemented by further duties as defined by the relevant Functional Leads