Commercial Manager
2 weeks ago
**1. Cost Estimation and Budgeting**
- Preparing accurate cost estimates for projects at the tender stage.
- Analyzing project requirements and providing financial projections.
- Developing budgets and ensuring they align with project goals and client expectations.
**2. Contract Management**
- Reviewing, negotiating, and managing contracts with clients, subcontractors, and suppliers.
- Ensuring compliance with contractual terms and mitigating any risks associated with contracts.
- Resolving contract-related issues, such as disputes or variations.
**3. Procurement and Vendor Management**
- Identifying and procuring materials, services, and subcontractors while ensuring cost-effectiveness.
- Negotiating terms with suppliers and subcontractors to ensure value for money.
- Monitoring supplier and subcontractor performance to meet timelines and quality standards.
**4. Cost Control and Value Engineering**
- Monitoring project costs to prevent overruns and inefficiencies.
- Identifying opportunities for cost-saving through value engineering without compromising quality.
- Regularly updating project budgets and advising on financial forecasts.
**5. Risk Management**
- Assessing financial and contractual risks across projects.
- Developing mitigation strategies to protect the company's commercial interests.
- Managing claims and change orders, ensuring proper documentation and negotiations.
**6. Cash Flow Management**
- Overseeing invoicing processes, ensuring timely client payments.
- Managing cash flow by controlling expenses and tracking project milestones.
- Preparing payment schedules for subcontractors and suppliers.
**7. Team and Stakeholder Collaboration**
- Coordinating closely with project managers, estimators, and other team members to ensure smooth project execution.
- Acting as a liaison between clients, contractors, and internal teams for commercial and financial matters.
- Ensuring client satisfaction by delivering projects within commercial agreements.
**8. Reporting and Financial Analysis**
- Preparing regular financial reports, cost tracking, and progress updates.
- Providing data-driven insights to management for strategic decision-making.
- Analyzing profitability and performance of projects.
**Key Skills Required**
- Strong knowledge of **fitout project processes** and financial management.
- Expertise in **contract law** and negotiation.
- Proficiency in cost estimation tools and financial software.
- Excellent problem-solving and communication skills.
- Attention to detail to ensure accurate reporting and cost control.
Pay: AED18,000.00 - AED20,000.00 per month
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