Cost Engineer - Rail - East London - NEC 3 Contract - 5 month contract minimum

Purpose of the Job
Responsible for the analysis and reporting of the cost status of the works. Working closely with the Contractor(s); assessing Contractor dashboards and making recommendations where appropriate. Briefing the Project Manager (PM) and Project Business Manager (PBM) on the cost status of the works and anticipated final costs through to completion. Co-ordinating the implementation and day to day operation of the Client's Project Change/Trend Program within the Project. The Cost Engineer raises, records and reports Trends. Co-ordinating weekly and 4 weekly Trend meetings. Monitoring the timely raising and resolution of Trends. Utilising the Trend Database, to progress the resolution of trends via weekly trend meetings at Project/Site level in order to update the AFC. Coordinating and reviewing the forecast of deliverables on a 24 weekly revision cycle.

Principal Accountabilities

• Maintaining the Cost Management database for the Project, and checking that forecast and budgeted costs, align with cost flows data for Earned Value purposes.
• Validating and assessing the project's Cost Data/Project Controls data including AFC, cost forecast, cost-to-date, EVA (SPI and CPI), budget, etc., taking into consideration scope and schedule. Forming an independent view of this data and reporting on reasons for periodic variances.
• Validating and assessing bottom up forecasts. Reaching agreement with the contractor on AFC, alternatively produce reports which detail and explain reasons for differences in forecast costs.
• Developing and contributing to the weekly and period reporting requirements.
• Participating in financial re-forecasts as required by the Programme.
• Deploying and implementing the Project Control requirements included in contracts. Collaboratively working with the contractors teams in order to continuously improve their Project Control deliverables.
• Interfacing with contract administration on contract issues and status of changes. Providing assistance with assessment of changes.
• Producing cost studies/estimates utilising historical data, statistical analysis and cost and quantity comparisons.

Person Spec

• Detailed working knowledge of cost engineering functions, including cost estimating, cost control, and cost analysis.
• Construction experience in an infrastructure environment as a Cost Engineer/ Quantity Surveyor preferable.
• Skilled in oral and written communication, with experience of presenting cost engineering information to management/clients.
• Experience of identifying, analysing, and solving problems.
• Knowledge of engineering, procurement, forms of contracts and construction generally.
• Knowledge of engineering and construction management customarily acquired over time through specialised instruction or practical experience.
• Bachelor degree or equivalent, preferably in Engineering or Construction Management or Quantity Surveying or equivalent experience.
• An advanced level of MS Excel skills desirable.
• Experience of forecasting, scheduling techniques and risk analysis.
• Experience working on NEC forms of contract, preferably Option C.

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