Senior Commercial Manager

1 week ago

Singapore CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED (SINGAPORE BRANCH) Full time
Job Title: Commercial ManagerJob Summary:

The Commercial Manager will be responsible for managing commercial and contractual activities within the project efficiently and effectively. This includes identifying areas of risk and methods of mitigation, as well as assisting in managing contractual and commercial disputes.

Key Responsibilities:
  • Manage commercial and contractual activities within the project
  • Identify areas of risk and methods of mitigation
  • Assist in managing contractual and commercial disputes
  • Participate in project budget reviews and provide advice when required
  • Prepare and monitor project cost budget, cash-flow for the project, track changes in design/construction work, and variations, and adjust budget projections accordingly
  • Perform contracts administration including quotation, cost accounting, tenders, and contract documentation
  • Provide advice and information to projects on contractual and commercial matters
  • Review and negotiate contracts with clients, subcontractors, and suppliers to ensure favorable terms and minimize risks
  • Manage post-contract activities by overseeing interim claims, variation orders, and contract amendments to ensure compliance and timely resolution of disputes
  • Provide expert advice on PAM contracts and other standard forms of agreements, ensuring legal and financial obligations are met throughout the project lifecycle
  • Develop strong contractual frameworks to manage risks effectively and align with the organization's goals
  • Lead the preparation of detailed project budgets, forecasts, and cash flow projections to ensure project profitability
  • Monitor and control project costs by conducting cost analysis, cost studies, and variance reporting
  • Implement value engineering strategies to maximize the project's performance while reducing costs
  • Ensure timely completion of final accounts and reconciliation of project finances
  • Advise stakeholders on cost limits and suggest budget adjustments to avoid overruns
  • Perform all duties by CCCC policies, processes, and systems in the development of tender submissions, ensuring alignment with technical requirements, timelines, and business strategies
  • Assist and report to the Corporate Estimating Manager on commercial dispute resolution, and project matters
  • Lead and manage the commercial team of the project
  • Conduct regular commercial meetings with team members to evaluate progress, address challenges, and provide support and guidance
  • Review the list of suppliers and subcontractors
  • Forecast, monitor, and report to the Project Director and Project Manager about the project cashflow, S-Curves, budgets, expenses, financial performance, cost to complete and prepare mitigation measures to resolve commercial-related issues
  • Prepare and estimate monthly claims to clients, based on project progress
  • Review and submit documents for commercial audit purposes
  • Review and submit documents for progress claims, variation orders, and final accounts
  • Review, manage, and negotiate contracts from vendors, suppliers, and clients, ensuring alignment with project specifications
  • Prepare project documents for procurement
  • Approve progress payments and subcontractor claims
  • Prepare and manage project equipment, third-party liability, site, contractor all risk, fire insurance, and claims
  • Monitor financial compliance and conduct cost analysis to evaluate subcontractor quotations and claims
  • Review the detailed cost estimates for the construction project
  • Review the BOQs for project submissions
  • Assist in preparing EOT, progress claims, and Loss & Expense claims
  • Conduct risk assessments for project estimates and evaluate potential risks
  • Monitor procurement processes to ensure timely delivery of materials and oversee contractual administration
  • Review and manage subcontracts for project execution
  • Oversees the overall cost estimation and procurement process and record
  • Liaise with project teams, clients, and stakeholders to provide contractual advice and address any commercial concerns
  • Maintain accurate records of estimating and procurement activities and financial transactions
  • Participate in site meetings and technical discussions to ensure alignment on commercial aspects
  • Conduct regular contract performance reviews and audits of subcontractors and suppliers
  • Provide planning support and maintain project information for reporting purposes
  • Evaluate, review, and prepare regular reports for the Corporate Estimating Manager on the performance and success of the commercial team, highlighting challenges, risks, opportunities, and project progress
  • Liaise, coordinate, discuss, and negotiate with suppliers on the purchase or rental of plant machinery or equipment
  • Review cost comparison before purchase or rental of machinery or equipment

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