Cost Engineer

Petrofac is seeking a Cost Engineer - 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.

Assist the Principal Cost Engineer with cost management and control on large EPC contract, to enable accurate internal and external reporting.

The following is an outline of key duties and accountabilities; however, the candidate is expected to undertake any tasks which are deemed reasonable for this position. This role is progressive, with the view to gradually assisting with Cost Reporting.

• Create the Cost Breakdown Structure (CBS) and apply standard phase template in the mpower system.
• Link Cost Estimates / Project Change Requests (PCR) in mpower to populate budgets at phase level.
• Maintain CBS and PCR status.
• Maintain fields within the CBS which hold pertinent information such as Purchase / Service Order (PO / SO) number and value.
• Assist with adding, amending, and maintaining rates within mpower to produce Cost Estimates / Value of Work Done (VOWD) and Forecasts.
• Monitor and issue weekly time writing and commitment reports to the team.
• Update and issue weekly Non-Productive Time (NPT) reports to the team.
• Update and feed into the Monthly Project Report.
• Assist with reviewing, coding and approving requisitions in line with approved budgets.
• Assist with Cost / Commercial / Client reconciliations and monthly invoice tracking.

The successful candidate is expected to adhere to Petrofac values and safety rules.