Cost Engineer

  • Job Reference: R21270
  • Date Posted: 1 May 2024
  • Recruiter: AWE
  • Website:
  • Location: Reading, Berkshire
  • Salary: £45,000 to £52,000
  • Bonus/Benefits: Every 2nd Friday off
  • Sector: Government & Defence
  • Job Type: Permanent

Job Description

It's a truly exciting time for a Cost Engineer to join us with a lot of scope for progression and work on fascinating projects within Business Management. (And don't forget, every second Friday off!)

Location: Hybrid and flexible working, with our offices based in Berkshire between Reading, Basingstoke and Newbury with onsite parking and public transport services.

Salary: Starting at £35,810 this is very much open to upwards negotiation if you have the skills and experience that we need.

What's exciting is:

You will be joining the business to be part of one of the most complex infrastructure programmes in the country at a pivotal moment in its evolution. The UK government has committed substantial investment into improving our infrastructure, so we are building a talented team to make the most of this opportunity. It is a new approach for AWE and we need someone who can support a new programme in its set up then evolution into a full, long-term project.

As a Cost Engineer, you will be working in Business Management with responsibility for all aspects of Cost within one of the Programme Controls Teams. You will be responsible for the establishment, development, maintenance of timely, accurate cost data, and reports, including forecasts, performance analysis, earned value, cash flows, and monthly reports on the Actual Cost of Work Performed (ACWP).

A typical day for a Cost Engineer within Business Management could look like this:

  • Production and maintenance of accurate cost and cash forecasts in alignment with the Cost Assessment of all changes and accurate representation of approved changes
  • Assisting with the development of cost systems and reports to ensure delivery of objectives
  • Maintenance all cost data within the financial control system
  • Provision of timely and focused cost reporting for key stakeholders
  • Accurate assessment of the EAC
  • Ensuring that earned value techniques and indices are correctly implemented
  • Comparison and analysis of trends and identification of risk and opportunities
  • Review, acceptance and integration of cost estimates and forecasts
  • Adherence to governance and Cost standards and procedures

We would like you to demonstrate or have experience of:

  • Professionally qualified with chartered or equivalent status
  • Success in a Project Controls environment or similar Cost role within Business Management
  • Adept with tech such as Cost tools, Excel and IT
  • Building rapport and creating great relationships
  • Motivating and building teams

What's great about Cost E life at AWE?

  • Meeting deadlines - running on adrenalin and keeping the plates spinning whilst influencing and making yourself heard.
  • It is not about filling out spreadsheets, it is about having the ear of key stakeholders and genuinely influencing decision making. It feels great when people ask for advice about how to go about things.
  • You can start in Cost Engineering and end up in planning or project control management once you have been with the organisation for a while.
  • It is great knowing there is a career path with opportunities available.
  • Professional qualifications and membership of Association of Cost Engineers & APM funded and supported by AWE

Why work for us?

AWE has been voted one of the best 25 big companies to work for in the UK again this year. So, when you work with us, you can take advantage of a great package of benefits and development opportunities on top of your salary:

You can find out more about our benefits HERE

To apply: Please log into AWE Careers to submit your CV and a covering letter. Make sure that you highlight all relevant skills and experience for this job. Give us a clear view of what you can bring to the role and also why you want to work with the team here at AWE.

You must be willing and able to obtain and maintain Security/ Developed Vetting Clearance (funded by the AWE) in order to start with us in this role. It can take several months for clearance to come through.

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This job role is suitable for hybrid working, which is an informal, non-contractual and voluntary arrangement, blending a balance of attendance in the workplace (your permanent duty station) and working from home as a personal choice. If you are successful, any opportunities for hybrid working will be discussed with you prior to you taking up your post.

The successful candidate is required to carry out all their duties from a UK location and cannot do so from an overseas location at any time.

Important things you need to know:

  • Interviews will be scheduled during working hours
  • Interviews will be 90 minutes on TEAMS and will include a 5-to-10-minute presentation
  • If we receive an exceptionally high level of applications, this vacancy may close early. So don't procrastinate, refresh your CV and covering letter and apply now!

For more information about the role or the recruitment process, get in touch with me (Sunflower) at:

(Sorry agencies - all recruitment for this role is being managed by our internal resourcing team here at AWE)