Cost Engineer

  • Location

    Peterborough, Cambridgeshire

  • Sector:

    General engineering & manufacturing

  • Job disciplines:


  • Salary:

    £25 - £34 per hour

  • Contact:

    Jessica Williams

  • Contact email:

  • Salary high:


  • Salary low:


  • Job ref:


  • Published:

    about 1 year ago

  • Duration:

    12 months

  • Expiry date:


  • Startdate:


  • Consultant:


Cost Engineer
Paying up to £34 per hour

A Cost Engineer with experience of dealing with material cost management is required for an initial 12 month contract for an hourly rate of up to £34 and will be based in Peterborough for a manufacturing client.


  • Form high level cost estimates using existing knowledge coupled with information derived from material specifications, technical specifications, material type, part samples, component assessment forms process knowledge and supplier data
  • Identify cost reduction opportunities after reviewing the incumbent suppliers operational process end to end then finalising 'Cost model' results
  • Work with project team to derive a targeted negotiation strategy based on cost model data
  • Provide technical support to buyers during supplier negotiations
  • Undertake price change assessments prior to sign off to ensure value for money
  • Manage VA/VE events and process optimisation workshops to identify cost reduction opportunities for delivery
  • Work with Design Engineering as a consultant to develop cost effective solutions

Skills required:

  • Cost engineering background
  • Strong knowledge of manufacturing processes and commercial cost drivers
  • Experience of managing multiple projects
  • The ability to demonstrate cross functional team work
  • Effective communicator and interpersonal skills
  • Proficient in core Microsoft products; especially PowerPoint (Word, PowerPoint, Excel)
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