Cost Engineer

Department: Engineering

Employment Type: Permanent - Full Time

Location: Stockton on Tees

Description

Our Business

Engineering services are delivered for the px group by the engineering consultancy division px Engineering Consultants Limited (“PXECL”). The team comprises of managers, senior engineers, engineers and designers that have direct experience of construction projects and operating facilities, as well as exceptional engineering expertise.

PXECL has established an excellent reputation with its clients and consequently much of the business is of a repeat nature. The team prides itself on the quality of its services and the strong relationships it builds with its clients and has a track record of delivering an integrated range of services. By combining technical and operational excellence, a sound understanding of regulatory environments and a robust and reliable project management system, px consistently delivers safe, efficient and compliant capital projects and services to a diverse client base supporting most industrial sectors.

The Opportunity

We are now recruiting for a Cost Engineer.

The Cost Engineer is responsible for delivering day-to-day cost management, commercial administration and reporting across assigned engineering and construction projects. Working within agreed governance and delegated authority, the role provides accurate cost information, maintains commercial controls and supports effective project decision-making.

You’ll be supported with personalised on-the-job training, coaching, mentoring and twice-yearly development and performance reviews to help maintain and develop your contributions and competence.

Key Responsibilities

• Manage cost control and contract administration activities for assigned project scopes.
• Set up and maintain project structures in cost and financial management systems, including project numbers, cost centres, budgets and coding arrangements.
• Produce and maintain project cost reports and a dashboard showing budgeted, actual, accrued, invoiced and forecast costs, and periodically report key project data to clients.
• Administer Personnel Authorisation Allocation Forms (PAAFs), timesheet status, approvals and resource bookings, resolving discrepancies promptly.
• Track and reconcile purchase orders, subcontracts, invoices and planned expenditure, ensuring costs are correctly coded and authorised.
• Undertake measurement and valuation of completed work and prepare or assess applications for payment in accordance with contract requirements.
• Undertake commercial evaluation of quotations and tenders, contributing to clear, evidence-based recommendations.
• Maintain change, variation, risk, opportunity and other commercial registers, ensuring complete substantiation and a clear audit trail.
• Prepare month-end cost and commercial inputs, including accruals, work in progress, invoicing, debtors and management accounting analysis; ensure invoices are prepared and issued on time.
• Monitor budgets, overheads, actual costs and commitments; investigate variances and report emerging trends.
• Maintain cost forecasts and identify risks and opportunities, agreeing actions with the project team and escalating material issues where required.
• Provide project teams with current, accurate management information on finances, life-cycle costs, cash-flow forecasts, progress and risk avoidance; liaise with procurement, finance, clients, suppliers and subcontractors on commercial queries.