Cost Engineer

Carbon is seeking a Cost Engineer for major projects in Sutton upon Derwent, UK. This permanent, full-time role involves providing financial data, cost analysis, and reporting to support project performance in regulated sectors like chemical, nuclear, and energy. Candidates should have experience with NEC4 contracts and major construction projects. The position offers competitive salary and benefits, along with opportunities for career development.
Cost Engineer - Major Projects


All candidates should make sure to read the following job description and information carefully before applying.


Location: Hull
Employment Type: Permanent / Full-Time
Salary: Competitive + Benefits
Are you an experienced Cost Engineer looking to join a large, multi‑disciplinary engineering and maintenance provider delivering projects across highly regulated sectors? This is an excellent opportunity to play a key role within a business supporting industries such as chemical & petrochemical, nuclear, oil & gas, pharmaceuticals & biopharma, energy, utilities, renewables, and food & beverage.
With a workforce of over 4,500 employees operating from multiple strategic UK hubs, this organisation delivers consulting, engineering, operations, maintenance and decommissioning services across both onshore and offshore assets-driving efficiency, optimisation, and operational excellence for clients.


The Role - Cost Engineer


As a Cost Engineer, you will support the commercial and project teams with accurate financial data, cost analysis, forecasting, and reporting. Your work will contribute directly to project performance, value management and commercial governance.


Key Responsibilities Include
Providing key financial data for internal month‑end P&L submissions
Remeasurement and verification of BOQ updates


Monitoring and forecasting actual costs vs budget


Conducting risk analysis, including best case, worst case and most likely scenarios


Managing cost provisions and accruals for materials, subcontractors, plant, and services


Weekly cost ledger analysis using SAP, Power BI and associated financial systems


Understanding subcontract agreements to support robust commercial management


Managing Early Warning notifications from subcontractors


Value determination including cost‑to‑date and forecast‑to‑complete


Leading change management processes, including compensation event assessment and client notifications


Compiling data for inclusion in main payment applications


Facilitating subcontractor progress and update meetings


Agreeing subcontractor valuations and issuing payment certificates


Producing cashflow forecasts
Supporting commercial audits of subcontractors, payment applications, rates and claims
Identifying opportunities to improve project contribution margin


Experience & Skills Required
Strong experience working xlqdzyr under NEC4 Option B contracts
Knowledge of the NAECI Agreement


Background in major construction or engineering projects


Understanding of the Standard Method of Measurement


Contractor‑side commercial management experience


Ability to interpret financial data and provide actionable insight


Excellent communication and stakeholder management skills


What's on Offer?


Join a respected engineering services provider delivering high‑profile UK projects


Work within an experienced, high‑performing commercial team


Opportunities for long‑term development and career progression


Competitive salary, benefits and long‑term project pipelineGuidant, Carbon60, Lorien & SRG - The Impellam Group Portfolio are acting as an Employment Business in relation to this vacancy