Cost Engineer

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.

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

Services to be supported during the duration of the contract are detailed below.

• 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.
• Assist with and produce internal and external Cost Reports.

Deliverables: Services should be provided within the agreed timeframe to produce or assist with the following deliverables:

• PAF rates
• CBS and PCR Structure
• Requisitions
• Weekly time-writing and commitment reports
• Weekly NPT reports
• Monthly project report
• Reconciliation analysis
• Monthly Cost Reports