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Cost Engineer

  • Location: London, London
  • Salary: £55000 - £65000 per annum
  • Job Type:Permanent

Posted about 1 month ago

  • Sector: Nuclear
  • Contact: Christian Hart
  • Contact Email:
  • Contact Phone: 01942 323277
  • Start Date: 04 June 2024
  • Expiry Date: 05 July 2024
  • Job Ref: V-171001

Job Title: Cost Engineer

Location: London or Suffolk/ Hybrid

Overview: Our client a leading global engineering company, are now looking to recruit a permanent cost engineer to support high-profile nuclear projects based from either London or Suffolk.

You will be part of the PMO team responsible for ensuring effective cost control is maintained via timely and accurate reporting. The role will be responsible for leading the Cost function, providing Cost Management for the programme’s identified projects, and coordinating updates to the programme’s Cost Report, demonstrating the accrued cost position, EAC, and performance comparable to the baseline.


  • Leading on the development of Cost Management tools and the implementation of the Cost Management system, through selection, development and roll out to ensure the accuracy of reported costs.

  • Overall responsibility for Cost management function and within the Project.

  • Development and continuous improvement of the programme’s Cost Management Strategy & Plan and all associated processes and procedures required to deliver effective and efficient cost reporting and analysis for the programme.

  • Develop, implement, and maintain the programme’s approach to future cost analysis (inc. Earned Value or equivalent), and to establish a Trend.

  • Management Process to enable the controlled management and variation of the programme’s EAC.

  • Lead in conjunction with Commercial the establishment of rules of credit with Supply chain teams.

  • Maintain and implement changes to the programme’s cost baseline in conjunction with Change Management and Commercial, and in line with the programme’s Reporting Calendar, and assist with the assessment of change in line with the established Commercial and Change Sub Committee (CCSC) process and timelines.

  • Undertake and maintain suitable assurance checks to ensure all cost data reported is robust and an accurate reflection of the programme’s current position.


  • Educated to professional standard and membership of an appropriate body and to degree level or equivalent.

  • Ability to communicate cost and performance information to peers/managers/client in a way that is understood by all, especially those with limited knowledge of project controls.

  • Comfortable with challenging assumptions and processes in order to constantly improve the delivery of performance data.

  • Detailed working knowledge of cost engineering functions, including cost estimating, cost control, and cost analysis.

  • Experience of identifying, analysing, and solving problems.

  • Strong understanding/ working knowledge of Cost engineering/ forecasting tools (such as PRISM/ EcoSys/ Cobra).

  • Advanced working knowledge of Earned Value Methodologies.

  • Experienced in working within Project Controls in a Major Programme environment.

About NRL
The NRL Group connect global engineering companies with the right people to bring their projects to life. Supporting contracting companies with their energy transition plans and working with our clients to build a cleaner, greener future.

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