Manager- Commercial.- CDU730

Riyadh, Saudi Arabia

Role Reports to: Senior Commercial Manager

The Role Requirements

Assist in preparation of business cases for new items of work
Collaborate with project stakeholders to develop and implement procurement strategies
Develop and manage tender documentation, including pricing schedules and contract terms
Assist in the review of financial proposal tender returns
Conduct thorough cost analyses and feasibility studies to support project decision-making
Evaluate contractor bids and provide recommendations for contract awards
Negotiate contract terms and conditions to optimize project outcomes
Ensure that letters of award and regret letters are issued to bidders
Conduct contract handover meetings with the client's procurement team and produce minutes of the meeting
Ensure performance bonds and advance payment bonds are received and in place for awarded contract and maintain a database for same
Issue notices to proceed in accordance with the contract
Review and approve subcontractors or subconsultants in line with contractual requirements
Monitor and report on project costs, budgets, and financial forecasts throughout the project lifecycle
Manage contractual relationships with contractors and suppliers, ensuring compliance with contract
Identify and assess risks associated with project execution and recommend mitigation strategies
Handle variations, claims, and disputes in collaboration with project teams
Provide regular updates to senior management on commercial performance and key issues
Ensure timely processing of interim payment applications (IPA) and interim payment certificates (IPC)
Issue notices for delays and deduct penalties as per contract terms
Perform contract closeout tasks and update the contracts register upon final discharge
Ensure retention monies are released, and bonds or securities are returned in accordance with the contract
Liaise with QIC internal teams, including procurement, legal and finance, to ensure alignment to commercial objectives
Foster positive relationships with external stakeholders, including clients, contractors, and regulatory bodies
Develop and maintain weekly action plans for live tasks
Regular commercial meetings with contractors/consultants to ensure proactive management of commercial actions
Monthly cash flow reporting and updates to the contracts register for inclusion in the monthly report
Ensure timely correspondence management - ensure responses are issued in line with contractual deadlines
Oversee workload and commitments of Assistant Commercial Manager, and support their professional development

Requirements

Minimum of 8 years of proven experience in commercial management
Strong understanding of construction contracts, commercial law, and risk management principles
Bachelors Degree in Quantity Surveying or Equivalent
Excellent negotiation, communication, and interpersonal skills
Proficient in financial management and cost control, with good analytical and problem-solving abilities
Ability to work independently and as part of a team

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