Senior Contract Manager

About us

Al Balad Development Company (BDC), wholly owned by the Public Investment Fund, is the heritage-focused master developer and asset manager of the Jeddah Historical District. Its aim is to provide an authentic experience, build a vibrant and creative community, and establish Jeddah Historical District as an economic center and a global historical destination inspired by Jeddah’s ancient heritage and diverse culture.

Job Summary

The Sr. Manager, Contracts is responsible for overseeing the drafting, negotiation, and administration of contracts related to procurement activities. This role ensures that all contracts meet agreed-upon terms, conditions, and performance expectations. The Sr. Manager will work closely with procurement teams to manage supplier and vendor agreements, monitor contract performance, and handle any contract-related disputes. Additionally, this role will manage contract renewals and extensions, ensuring that all contracts are compliant with legal, regulatory, and organizational requirements.

Contract Management

• Oversee the drafting, negotiation, and administration of contracts related to procurement, ensuring all terms and conditions are met and aligned with business objectives.

• Ensure that all procurement contracts are legally sound, clear, and comply with company policies and applicable laws.

• Collaborate with procurement and legal teams to develop standard contract templates and improve contract processes.

Supplier & Vendor Agreements

• Work closely with procurement teams to develop and manage contracts with suppliers and vendors for goods, services, and materials.

• Negotiate contract terms that balance the company’s needs and the supplier’s capacity to deliver goods and services on time and within budget.

• Ensure that vendor contracts are aligned with procurement strategies and operational requirements.

Contract Monitoring

• Monitor contract performance to ensure that suppliers and vendors meet agreed-upon deliverables, quality standards, and timelines.

• Review key performance indicators (KPIs) related to contracts and ensure compliance with service level agreements (SLAs).

• Work with project managers and procurement teams to address any performance-related issues promptly.

Risk Management

• Identify and mitigate risks within contracts, ensuring that all risks are managed effectively and that contractual obligations are met without complications.

• Conduct regular contract risk assessments and work with relevant stakeholders to ensure appropriate risk controls are in place.

• Ensure that all contract-related risks, such as delays, performance issues, or compliance failures, are addressed in a timely manner.

Dispute Resolution

• Handle any disputes or claims that arise during the execution of contracts, working with legal and procurement teams to find resolutions.

• Lead efforts to resolve contract-related disputes, minimizing the impact on project timelines and budget.

• Serve as the primary point of contact for suppliers and internal stakeholders when contract-related issues or concerns arise.

Contract Renewals & Extensions

• Manage contract renewals, extensions, and amendments as necessary to align with ongoing project or procurement needs.

• Ensure that all contract renewals are completed on time, with all necessary approvals and documentation in place.

• Proactively monitor contract expiry dates and provide timely recommendations for extensions or new agreements.

Compliance & Reporting

• Ensure compliance with legal, regulatory, and organizational requirements in all contracts and their performance.

• Generate regular reports on contract performance, compliance, and any issues or risks, and present them to senior leadership.

• Work with compliance teams to ensure that contract terms are consistent with the company’s internal policies and external regulatory standards.

Qualifications

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• 8–10 years of total experience in contract management, procurement, or legal roles, with at least 5 years in a managerial position.