Senior Cost Engineer

Petrofac is seeking a Cost Engineer 3 - Contractor for 12 months based in Aberdeen, UK.

The role is outside IR35 and we invite Limited Companies to engage.

The scope of services will be reviewed should there be a significant change to client support requirements.

Scope of Work:

Provide cost management and control across EPC contracts.

The scope of services will be reviewed should there be a significant change to client support requirements.

Services required during the duration of the contract are detailed below.

·       Create the Cost Breakdown Structure (CBS) and apply the standard phase template in the mpower system.

·       Maintain the Client sections of the CBS which holds pertinent information such as Purchase / Service Order (PO / SO) number and value.

·       Maintain the Change Request register in mpower via the Project Change Request section of the system and incorporate this change into the relevant budget section / forecast.

·       Populate budgets at phase level as per the Client approved Estimate / Change Request.

·       Add, amend and maintain rates (Schedule or PAF) within the system to produce Estimates / Value of Work Done (VOWD) and Forecasts.

·       Monitor and issue weekly time writing and commitment reports to the team.

·       Compile and issue monthly VOWD to the Commercial department.

·       Review, code and approve requisitions in line with approved budgets.

·       Track requisitions against budget to ensure accurate forecasting and the avoidance of cost over-runs.

·       Regularly review VOWD, phasing and forecasts and take corrective action if required.

·       Highlight areas of concern with recommended solutions i.e. Change Management.

·       Frequently liaise with Engineering Disciplines / Project Manager / Supply Chain to assist with the monitoring and control of budgets and engage in close out activities where required.

·       Frequently liaise with Planning Engineers to ensure accurate forecast phasing of manhours.

·       Provide monthly cost reports with cost expenditure, forecast and phasing information as per the agreed scope.

·       Hold regular Internal and External cost reviews with narrative, to present the cost position at a point in time.

Delieverables:

Services should be provided within the agreed timeframe to produce the following deliverables:

·       Rates

·       CBS and PCR Structure

·       Requisitions

·       Weekly time-writing and commitment reports

·       Cost and invoice reconciliation analysis

·       Monthly VOWD Report

·       Monthly Cost Reports

·       Internal and External Cost Review meetings

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