Manager- Commercial. (CDU7)

Qiddiya | القدية


Date: 3 weeks ago
City: Riyadh
Contract type: Full time
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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