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Principal Cost Lead


Devonport, Plymouth, GB, PL2 2BG

Onsite or Hybrid:  Hybrid

Job Title:               Principal Cost Lead
Location:               Plymouth, Devon + Hybrid Working Arrangements
Compensation:     Competitive Package Depending on Experience + 15% Bonus and Medical Cover
Role Type:            Full time / Permanent or Fixed Term Contract 
Role ID:                SF56548


At Babcock we’re working to create a safe and secure world, together, and if you join us, you can play your part as a Principal Cost Lead at our Devonport Royal Dockyard site.


The role
As a Principal Cost Lead, you’ll have a role that’s out of the ordinary. This is a new role to bring additional cost control leadership to major submarines programmes.


Day-to-day, you’ll be Leading the Submarines Cost Control teams to set and maintain project baseline budgets, oversee control of commitments and accruals, ensuring accurate and reliable cost forecasting, and lead on resource management for the submarines cost control teams.


  • Provide leadership and team management for the Cost Team
  • Liaising with Risk, Scheduling and Estimating Leads to ensure integrated reporting
  • Oversee implementation of change management in alignment with requirements
  • Collate performance and cost reports and associated analysis. Identify and offer mitigation actions where appropriate. 
  • Lead on provision of resource and financial forecast data into the project


This role is full time 35 hours per week and provides hybrid working arrangements with 2 - 3 days in the office/onsite.


Essential experience of the Principal Cost Lead

  • Extensive, relevant experience in a similar environment / business sector 
  • Experienced in various contracting methodologies (e.g. FIDIC/NEC/JCT) 
  • Advanced knowledge of cost management and earned value techniques 
  • Quantitative risk analysis experience 
  • Full project lifecycle experience 


Qualifications for the Principal Cost Lead

  • Ideally a Bachelor's Degree in Engineering / Project Management or a related field or equivalent experience 
  • Project Planning and Controls Practitioner – Desirable
  • Project Fundamentals qualification - Desirable


Security Clearance
The successful candidate must be able to achieve and maintain Security Check (SC) clearance for this role.


Many of the positions within our company are subject to national security clearance and Trade Control restrictions. This means that your eligibility for certain roles may be affected by your place of birth, nationality, current or former citizenship, and any residency you hold or have held. Further details are available at United Kingdom Security Vetting: clearance levels - GOV.UK (


What we offer

  • Generous holiday allowance 
  • Matched contribution pension scheme, with life assurance
  • Employee share scheme 
  • Employee shopping savings portal
  • Payment of Professional Fees
  • Reservists in the armed forces receive 10-days special paid leave 
  • Holiday Trading is a benefit that allows the majority of employees to buy additional leave or to sell up to one working week of annual leave from their annual entitlement
  • ‘Be Kind Day’ enables employees to take one working day's paid leave a year (or equivalent hours) to undertake volunteering work with their chosen organisation or registered charity


Babcock International 
For over a century Babcock has helped to defend nations, protect communities and build a better world. To continue, we must adapt, advance and be a sustainable business with a shared goal. 


We are a disability confident committed employer. If you have a disability or need any reasonable adjustments during the application and selection stages, please email with the subject header ‘Reasonable adjustments requirement’. We’re committed to building an inclusive culture where everyone’s free to thrive. We are happy to talk about flexible working – please ask about alternative patterns of work at interview.





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