Location: Remote but willing to attend meetings in Bristol
Duration: 12 months
Rate: £500 - £550 per day (Inside IR35)
We are currently looking for an experienced Cost Estimator to work on a contract basis for one of our defence clients. The role can be performed on a Remote basis but there is a need to attend some meetings in Bristol.
Requirements of the role:
- The individual will be required to support a variety of cost analysis and cost modelling activities.
- Working with Project Managers and Finance staff to develop robust cost forecasts for their projects,
- Utilise the mandated tools available such as the Cost Capture Workbook (CCWB) and CAAS-owned CRBS Cost Model.
- Assist with Allowable Cost Reviews of single-source bids from industry.
- Perform Verification and Validation (V&V) of cost models and spreadsheets.
- Produce clear and concise reports summarising major activity (e.g. ACRs and V&V).
Specific skills:
- SC Cleared
- Verification & Validation (V&V) experience – Critical examination of cost models for function and robustness of estimates. CAAS V&V Standards will need to be followed.
- Cost model development skills (in Excel) – ability to generate (and analyse others’) cost models in accordance with Best Practice.
- Critical analysis of costs being used by Project Managers in their estimates (and to assist with improving estimate robustness).
- Understanding Monte-Carlo simulation techniques and application of appropriate software tools (Vose ModelRiskTM).
- Where to find and how to apply indices such as Foreign Exchange (FOREX), VAT and Inflation.
- Appropriate and proportionate use of correlation in a cost model
- Three-Point Estimating (3PE) techniques.
- Correct handling and reporting of Risks in modelling,
- Understanding of RiC and RoC and how to extract them from modelled outputs.
- Application of Optimism Bias.
- Understanding of implications (and application) of MOD instructions such as JSP 507, JSP 655.
Desirable skills:
- Perform the Lead role for the Cost Estimation which includes:
- Support to the other Cost Estimation staff,
- Direct liaison with the Authority Lead on direction and priorities,
- Focal point for the Cost Estimation
- Completion and submission of the Monthly report for Cost Estimation.
- Experience in ACRs / Price Investigations on Single-Source bids.