Cost Engineer - Major Projects
All candidates should make sure to read the following job description and information carefully before applying.
Location: Hull
Employment Type: Permanent / Full-Time
Salary: Competitive + Benefits
Are you an experienced Cost Engineer looking to join a large, multi‑disciplinary engineering and maintenance provider delivering projects across highly regulated sectors? This is an excellent opportunity to play a key role within a business supporting industries such as chemical & petrochemical, nuclear, oil & gas, pharmaceuticals & biopharma, energy, utilities, renewables, and food & beverage.
With a workforce of over 4,500 employees operating from multiple strategic UK hubs, this organisation delivers consulting, engineering, operations, maintenance and decommissioning services across both onshore and offshore assets, driving efficiency, optimisation, and operational excellence for clients.
The Role - Cost Engineer
As a Cost Engineer, you will support the commercial and project teams with accurate financial data, cost analysis, forecasting, and reporting. Your work will contribute directly to project performance, value management and commercial governance.
Key Responsibilities Include
* Providing key financial data for internal month‑end P&L submissions
* Remeasurement and verification of BOQ updates
* Monitoring and forecasting actual costs vs budget
* Conducting risk analysis, including best case, worst case and most likely scenarios
* Managing cost provisions and accruals for materials, subcontractors, plant, and services
* Weekly cost ledger analysis using SAP, Power BI and associated financial systems
* Understanding subcontract agreements to support robust commercial management
* Managing Early Warning notifications from subcontractors
* Value determination including cost‑to‑date and forecast‑to‑complete
* Leading change management processes, including compensation event assessment and client notifications
* Compiling data for inclusion in main payment applications
* Facilitating subcontractor progress and update meetings
* Agreeing subcontractor valuations and issuing payment certificates
* Producing cashflow forecasts
* Supporting commercial audits of subcontractors, payment applications, rates and claims
* Identifying opportunities to improve project contribution margin
Experience & Skills Required
* Strong experience working xlqdzyr under NEC4 Option B contracts
* Knowledge of the NAECI Agreement
* Background in major construction or engineering projects
* Understanding of the Standard Method of Measurement
* Contractor‑side commercial management experience
* Ability to interpret financial data and provide actionable insight
* Excellent communication and stakeholder management skills
What's on Offer?
* Join a respected engineering services provider delivering high‑profile UK projects
* Work within an experienced, high‑performing commercial team
* Opportunities for long‑term development and career progression
* Competitive salary, benefits and long‑term project pipeline
Guidant, Carbon60, Lorien & SRG - The Impellam Group Portfolio are acting as an Employment Business in relation to this vacancy
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