Senior Cost Engineer
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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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