Cost Engineer

About the Company

Remarkable people, trusted by clients to design and advance the world. Wood is currently recruiting for a Cost Engineer to join the team for an immediate start, supporting construction activities on a major EPCM project for a key client project in Chonburi, Thailand. This role is offered as an initial 12-month contract with the opportunity to continue as an ongoing, longer-term assignment and available for Thai National.

Designing the future. Transforming the World.

Wood has a deep history pioneering technical expertise globally for more than 160 years, from the North Sea to the Gulf of Thailand, and is now embarking on an exciting new chapter. Building on 40 years of Engineering excellence in Thailand, Wood invites you to join our dedicated team, to shape the future of the energy industry in Asia Pacific and beyond. Join us in the heart of Chonburi, within a vibrant and fast-growing hub on Thailand’s Eastern Seaboard where you will enjoy being close to major industrial and energy centres with the lifestyle advantages of a coastal location. Perfectly positioned within reach of Bangkok and minutes from the coastline of Pattaya, our office is the ideal blend of career opportunity and coastal lifestyle.

At Wood Thailand you will thrive in a collegiate team culture by partnering with likeminded, agile industry peers to inspire with ingenuity and create new possibilities.

RESPONSIBILITIES

What makes you remarkable?

• Assist and support in the development and maintenance of Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes
• Liaise with other Project Controls disciplines and functions, assist and support in the development of project budgets in accordance with the Basis of Estimate including statements of work scope, assumptions, man-hour estimates, narratives and review & comment of client documents
• Liaise with procurement, finance and time-capture functions, and third parties as required, to ensure accurate and timely capture of procurement, materials, subcontract and labour manhour costs. Ensure costs are allocated accurately in accordance with approved project WBS
• Liaise with engineering, procurement and construction functions, and others as required, to maintain awareness of project activities and their impact on the project budget, schedule and cost forecast.
• Facilitate and manage the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
• Assist and support in the development and maintenance of project cost budgets using appropriate software applications
• Monitor and control cost commitments and expenditures through all phases of project lifecycle
• Liaise with planning as required to ensure accuracy in project cost phasing and forecasting.
• Prepare and provide project cost performance reports in accordance with project reporting requirements
• Prepare and issue updates to project cost forecasts
• Monitor and report on cost impact of project manpower forecasts
• Develop and issue project change orders / variations in accordance with engineering and construction change notifications
• Facilitate and communicate cost and schedule impact of change notifications.
• Monitor overall project cost performance and contingency drawdown.
• Attend project meetings as required.
• Participate in the project cost close-out process.
• Attend cost & estimate risk analysis sessions as required
• Participate in Project Controls Compliance and Continuous Improvement Reviews

QUALIFICATIONS

• Bachelor’s Degree in a relevant technical or business discipline, preferably in a field of Engineering
• Incumbents will typically have a minimum 2 years relevant cost experience in Oil & Gas, Petrochemical, Pharmaceutical, Chemical or similar facilities. Experience of FEED, EPC projects is preferable
• Basic knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
• Basic knowledge of Project Execution Procedures for Cost Management including Change Management
• Basic understanding of WBS & CBS structures and project reporting capabilities
• Basic ability to develop project cost budgets and change estimates
• Basic ability to prepare cost reports
• Basic understanding of change management and associated cost and schedule processes
• Understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios
• Understanding of project management principles and techniques
• Understanding of Cost Management, Change Control, Planning & Risk Analysis & Manage
• Must have good IT skills

What we can offer

• Excellent rates, with regular reviews to ensure we are rewarding at the right level in line with the market
• Ongoing work on interesting projects delivered in partnership to leaders of industry across energy and materials markets
• Global connections, join an inclusive and diverse international community of inquisitive minds and recognised industry innovators, partnering to create new possibilities
• Flexible working arrangements balance client, team and individual needs with opportunities for hybrid and remote working
• Commitment to your Wellbeing, with annual contribution to Health Insurance and free 24/7 access to our Employee Assistance Program (EAP)
• Commitment to Diversity and Inclusion; we are an organisation actively committed to diversity and inclusion across our business