11h ago

New

£55,000 - £68,750/yr

Cost Engineer

United Kingdom·Blantyremid

Other

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Quick Summary

Key Responsibilities

Support the development and continuous improvement of cost management standards, systems and reporting tools Lead month-end cost reporting,

Requirements Summary

59 GMT the day before Job Posting End Date belowNovember-20-2026

Technical Tools

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What We Offer

~5 min read

Help us create a better future, quicker!

SP Energy Networks (SPEN) is at the heart of the UK’s journey to Net Zero. Over the next five years, we will invest £12 billion in modernising and expanding the electricity grid, enabling the rapid growth of renewable energy and securing a clean, reliable future for our communities.

Within this our Transmission business is delivering a £3 billion programme of major strategic infrastructure projects — from new overhead lines to upgraded substations — to strengthen, reinforce and future-proof the transmission network across Scotland.

To support this unprecedented programme of work, we’re looking for 2x Cost Engineers to join our Strategic Projects Portfolio team and play a key role in managing and controlling costs across some of the most significant energy infrastructure projects in the UK.

What you’ll be doing

As a Cost Engineer (Strategic Portfolio), you’ll be a vital part of our multi‑disciplinary PMO team, providing robust cost control, analysis and reporting across a portfolio of major transmission projects.

You will:

✓Support the development and continuous improvement of cost management standards, systems and reporting tools

✓Lead month-end cost reporting, including variance analysis and lifecycle budget performance reviews

✓Maintain the Integrated Cost Management Tool with accurate, validated project data

✓Monitor contractor cost performance against budgets and agreed KPIs

✓Support lifecycle budget allocation and reporting across assigned projects and disciplines

✓Perform cost forecasting and routine analysis to support decision-making

✓Ensure alignment between cost and schedule baselines, working closely with Planning, Scheduling and Risk teams

✓Support Actual Cost of Work Performed (ACWP) calculations and Earned Value (EV) integration

✓Prepare cost studies, benchmarking reviews and cost comparison reports

✓Collaborate with Procurement, Project Managers and Budget Holders to validate assumptions and track committed expenditure

✓Maintain and update the Strategic Portfolio Cost Breakdown Structure (CBS)

✓Identify cost risks, resolve variances and contribute to lessons learned and continuous improvement activities

✓3+ years’ cost engineering experience, ideally within EPC, utilities, infrastructure or energy sectors

✓Strong knowledge of cost management methodologies, including ACWP, CPI, SPI and forecasting techniques

✓Experience developing and managing cost structures for multi‑million‑pound projects

✓Excellent analytical skills with the ability to interpret and communicate complex cost data

✓Experience with cost management tools and Earned Value Management (EVM)

✓Understanding of NEC3/NEC4 contract frameworks

✓Strong communication and stakeholder engagement skills

✓Ability to work independently while contributing effectively to a distributed team

✓36 days annual leave

✓Holiday purchase – perfect your work/life balance with extra annual leave

✓Share Incentive Plan and Sharesave Scheme

✓Payroll giving and charity matched funding

✓Technology Vouchers – save more and spread the cost of your technology purposes

✓Count us in – pledge to reduce carbon emissions and help fight climate change

✓Electric Vehicle Schemes – to help you transition to green/clean driving

✓Cycle to Work scheme and public transport season ticket loans

✓Options to purchase dental insurance, private medical insurance, health cash plan and annual health assessments

✓Life Assurance (4x salary)

✓Access to ‘nudge’ financial wellbeing support

✓Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements.

IMPORTANT

Advert will close at 23:59 GMT the day before Job Posting End Date below

November-20-2026