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Target Price Estimator
Business Unit: 5064 - Milton Keynes
Location: Milton Keynes
Job Role
Ringway is seeking an experienced Target Cost Estimator to join our Commercial Management team on a term maintenance highways contract. This is a senior specialist role, responsible for preparing robust target cost estimates and managing monthly valuations under NEC3/NEC4 target-cost arrangements, ensuring accuracy, transparency and value for money.
Reporting to the Commercial Manager, you will play a key role in protecting Ringway’s commercial position while fostering a collaborative, open-book approach with the Client and delivery teams.
Duties
- Prepare detailed target cost estimates using Schedules of Rates and agreed pricing mechanisms, covering labour, plant, materials, subcontractors, overheads and risk.
- Price and submit Early Warnings and Compensation Events, working closely with Quantity Surveyors to protect contractual entitlement.
- Prepare and submit monthly applications for payment, ensuring 100% of completed work value is captured with full supporting evidence.
- Record and manage costs within systems such as Causeway CPA, SAP and Confirm, maintaining real-time visibility of actual versus target cost.
- Monitor variances and escalate risks early, supporting proactive commercial decision-making.
- Manage and verify subcontractor costs and payments, ensuring accuracy and alignment with project budgets.
- Work collaboratively with operational teams to clarify scopes and improve estimate accuracy.
- Communicate openly and professionally with the Client’s commercial representatives.
- Mentor junior commercial team members and contribute to continuous improvement initiatives.
Person Specification
- Strong numerical, analytical and organisational skills
- NEC3/NEC4 (Option C) contract experience
- Advanced Excel and cost-management system capability
- Strong experience in a commercial/estimating role within highways or civil engineering
- HNC / HND / Degree in Quantity Surveying or Commercial Management (or equivalent experience)
- Experience with Causeway CPA, SAP and Confirm preferred
Contract Type: Permanent
Hours: Full Time - 40 - Monday to Friday
Fairness Inclusion & Respect
Fairness, Inclusion and Respect (FIR) at Ringway is about recognising and celebrating each other’s differences and what they bring to the team.
Harnessing this diversity and applying the experiences, abilities and unique qualities of individuals will enhance our business; therefore, we commit to equity of opportunity and fair treatment of all current and potential employees and encourage job applications from all.
Should you require any reasonable adjustments to be made as part of the application process please contact us directly.
Ringway recognises the importance of helping our employees balance their work and home life by offering flexible working arrangements across many of our roles which include working from home to enable employees to balance their working life with other priorities.
