SCOPE OF WORK: You are responsible for ensuring the timely and efficient execution of all project-related activities, including but not limited to the following.
Commercial Manager Key Responsibilities:
Contract & Commercial Management
• Review, negotiate, and manage contracts with clients, subcontractors, and suppliers.
• Ensure contractual obligations are clearly understood, tracked, and executed across all project stages.
• Manage variations, claims, extensions of time, and contractual disputes in coordination with project teams and legal advisors.
• Provide guidance on commercial terms, risk mitigation, and contractual compliance.
Cost Control & Financial Oversight
• Monitor project budgets, costs, and cash flow to ensure projects remain financially viable.
• Develop cost control measures and track project expenditures against approved budgets.
• Prepare financial reports, forecasts, and project profitability analysis for senior management.
• Identify opportunities for cost optimization, risk reduction, and value engineering.
Tendering & Bidding
• Lead preparation of tender submissions, cost estimates, and commercial proposals.
• Evaluate subcontractor quotations and supplier proposals for accuracy, competitiveness, and compliance.
• Advise management on bid/no-bid decisions and pricing strategies for new projects.
Risk Management & Compliance
• Identify commercial risks and recommend mitigation strategies.
• Ensure compliance with UAE labor laws, local regulations, company policies, and contractual requirements.
• Maintain records of contracts, agreements, correspondence, and approvals for audit and reporting purposes.
Team Leadership & Coordination
• Lead and mentor the commercial team, including quantity surveyors, estimators, and contract administrators.
• Coordinate with project managers, site teams, procurement, finance, and legal departments to ensure seamless commercial operations.
• Promote best practices in contract management, cost control, and commercial processes across the company.
Reporting & Continuous Improvement
• Prepare regular commercial reports for management, highlighting financial performance, risks, and recommendations.
• Continuously improve commercial processes, reporting systems, and cost management practices.
• Stay updated on construction market trends, rates, and legal changes affecting contracts and commercial management.