Cost Engineer (Owner's)

Cost Engineer (Owners)
Renewables Developer
3GW Offshore Windfarm
Central London (3 days per week)
Freelance (Outside IR35)
12 Month Contract (Renewable)
£400 - £500 per day

My client, a tier 1 Blue chip company in the energy sector, is striving to meet the growing global demand for safe, sustainable, and affordable energy and as such, plan to become a leading player in offshore wind.

As Cost Engineer you will be representing the owner on a Major OFW EPC Project to ensure the project's cost objectives are achieved. By taking a proactive approach to cost management and collaboration, you will play a pivotal role in ensuring the project's financial success.

Role Responsibilities

• Responsible for the development and implementation of an effective and efficient project cost management system specifically relating to Project Management Team and Owners costs.
• Responsible for leading the development of processes, procedures, systems, and tools in support of the cost management system including the modernisation of how we work.
• Be the focal point for the identification and implementation of a new Project Staffing and Control Tool and also any other relevant tools to help aid simplification.
• Responsible for ensuring delivery of high quality cost forecasts relating to Project Management Team and Owners costs.
• Responsible for maintaining the Integrated Staffing Plan ensuring that all resource requirements from the JV are captured and controlled.
• Implement and update the Project Staffing Plan and Control Procedure.
• Work with WS managers and WP leads in raising and getting approval of new positions in the JV Integrated Staffing Plan using PPAFs.
• Responsible for providing work stream leaders with high quality cost-related insights to facilitate decision-making processes including variance analysis and trends.
• End to end monitoring and control of all Project Management and Owners costs.
• Accountable for ensuring that the Cost Tools include latest budget, commitments, actuals / accruals, AWP&B updates and trends / changes as agreed.
• Develop the interface with work streams leaders, work package managers, and contractors to review and challenge costs and encourage simplification and efficient working.
• Provide regular and reliable assessments of the VOWD ensuring that accruals stand up to audit.
• Provide ongoing commitment and expenditure tracking and control, ensuring compliance with project WBS and budgets.
• Identify and quantify actual and potential Forex impacts.
• Provide input to Cash Calls.
• Support contract close out, Financial close / reconciliation, benchmarking, and shared learning.

Role Requirements

• Degree or equivalent in Engineering, Finance, Project Controls related discipline, or comparable experience.
• Experience of work in a multi-project environment and handling several work-fronts consecutively.
• Experience in developing Project Management Staffing Plans and controlling resources.
• Experience in implementing Project Control Tool and Systems.
• Ability to produce quality written reports and summary presentations.
• A key factor in being successful in this role will be the ability to develop excellent working relationships.