Cost Engineer – Renfrew, Glasgow
Contract type: Permanent
Start date: TBC
Salary: Competitive
We are the leading provider of infrastructure services.
At Altrad, we transform our nation’s critical infrastructure to operate safely and sustainably.
With over 11,000 talented people, we provide the full spectrum of critical engineering and construction services for industries both onshore and offshore.
Join a Leading Organisation in the Nuclear Industry
Role details:
The nuclear defence sector in the UK is vital for maintaining national security and strategic stability. It offers dynamic and challenging career opportunities for individuals committed to contributing to the country's defence and security. The sector seeks talented professionals dedicated to upholding the highest standards of safety, security, and operational excellence.
Key Responsibilities:
A Cost Engineer in the UK nuclear defence sector plays a vital role in ensuring projects are delivered within budget while maintaining high standards of safety, compliance, and efficiency. The duties of a cost engineer in this sector typically include but are not limited to the following:
1. Cost Estimation and Budgeting
• Developing accurate cost estimates for nuclear defence projects, including design, construction, maintenance, and decommissioning phases.
• Preparing detailed budgets based on project requirements, specifications, and timelines.
• Evaluating materials, labour, equipment, and other project costs.
2. Financial Monitoring and Reporting
• Tracking project expenses and comparing them to the established budget.
• Providing regular financial reports to project stakeholders.
• Identifying cost variances and recommending corrective actions to mitigate overruns.
3. Risk Management
• Conducting risk assessments related to cost implications.
• Collaborating with project teams to develop mitigation strategies for potential risks.
• Ensuring contingency plans are in place for unforeseen financial challenges.
4. Cost Control
• Implementing cost control measures to maintain project profitability.
• Monitoring procurement and supply chain processes to ensure cost efficiency.
• Reviewing contracts and agreements to identify cost-saving opportunities.
5. Life-Cycle Cost Analysis
• Evaluating the total cost of ownership for nuclear systems, including initial investment, operation, maintenance, and decommissioning.
• Supporting decision-making by analysing long-term financial implications.
6. Compliance and Standards
• Ensuring all cost-related activities comply with UK regulations and industry standards, including nuclear safety and security requirements.
• Adhering to defence sector procurement policies and protocols.
7. Stakeholder Collaboration
• Working closely with project managers, engineers, procurement teams, and clients to align cost engineering activities with project goals.
• Presenting findings, cost forecasts, and recommendations to stakeholders.
8. Data Analysis and Technology Integration
• Using advanced software tools and methodologies for cost modelling, analysis, and reporting.
• Incorporating data from past projects to improve accuracy and efficiency.
9. Supporting Strategic Decisions
• Providing financial insights to influence project decisions, such as design alternatives or construction methods.
• Assisting in resource allocation to optimise project outcomes.
10. Continuous Improvement
• Identifying lessons learned from completed projects to improve future cost engineering practices.
• Staying updated on industry trends, technologies, and regulations to enhance cost management strategies.
Key Requirements:
Strong analytical and numerical abilities.
Familiarity with nuclear industry standards, such as those set by the Office for Nuclear Regulation (ONR) and International Atomic Energy Agency (IAEA).
Proficiency, Understanding in cost estimation software (e.g., Primavera P6, SAP, Business Central, or bespoke tools).
Knowledge of project management principles (e.g., PRINCE2, APM frameworks).
Why Join Us?
· Work on high-impact projects within a leading organisation at the forefront of the nuclear industry.
· Competitive salary and benefits package.
· Opportunities for career growth and professional development.
· Collaborative and dynamic work environment with a focus on innovation and excellence.
Quite simply, a journey with Altrad begins with a desire to create a better tomorrow…