Commercial Manager

Job Description Sobha Constructions is a fast-growing construction company in the Middle East with a vision to be a pioneer in redefining the quality standards in construction. We are looking to hire seasoned leader who can work in a fast-paced environment and efficiently draw look-ahead plans. Commercial Manager - (*Exp in Highrise Projects preferred):- Job Description: - Lead and manage the commercial team, providing guidance, support, and performance management - Collaborate with cross-functional teams to ensure alignment with business objectives - Support the Senior Management to deliver the time-to-time tasks. - Review and validate the monthly dashboard reports & cost reports - Conduct Site visits as required to verify revenue is in line with actual site progress, audit variation, and site related issues with relevant stake holders to finalize - Review & Approval of CAPEX requests raised by different teams which comes for the final approval of respective leader. - Review & Approval of Business process and MSP raised by different teams which comes for the final respective leader. - Ensure on time subcontractor billing and their payments. - Ensure Proper subcontractor management and manage their commercial disputes - Review and monitor the quantity take off sheet and comparing to Estimation quantity. - Payment approvals for petty cash expenses, Admin related bills, Transportation bills, TR expenses etc. - Monitoring Intercompany cost transfer - Collect, review (modify) and submit Material reconciliation sheets from different departments. Material Take off and Quantification: To measure and quantify the materials required for the project and Preparing Master Quantity takeoff for Materials as per the Procurement Tracker. Raising Material Purchase/ Plant/ Capex Requisition: Based on the quantities of materials/ Plant/ Capex requirement, raising PR to procure the materials to Procurement team. Managing Material Specifications and Quality: To ensure that the materials purchased meet the required specifications and quality standards outlined in the project documents. Inventory and Storage Management: To help in managing the inventory of materials, ensuring that materials are ordered, stored, and used efficiently on-site to prevent wastage. Contract Documentation: To maintain comprehensive records of all material procurement activities, including RFQs, contracts, invoices, delivery receipts, and payment documentation. Risk Management: To identify risks in the material procurement process, such as price volatility, delivery delays, or material shortages. Reviewing Subcontractor Claims: To review the subcontractor's claims to verify that the work invoiced has actually been completed, in accordance with the scope of work and contract terms. Verification of Quantities and Rates: To check the quantities of work completed as listed in the subcontractor's bill, ensuring that they match the actual work performed on-site. Certifying Subcontractor Payments: To Issue the interim certificates that certify the value of work completed by the subcontractor during a specific billing period. Reconciliation of Subcontractor Accounts: To ensure that the subcontractor's payment claims align with the overall project accounts. They verify that costs are accurately recorded and reconciled with both the project budget and the subcontractor's claims. Communication with Subcontractors: To communicate directly with subcontractors to clarify any issues with their bills or claims. This could involve requesting further documentation or negotiating the value of work completed. If any discrepancies are found, the QS informs the subcontractor about adjustments or changes to their bill, providing a detailed explanation of the calculations. Maintaining Records and Documentation: To maintain a detailed record of all certifications, payments, and correspondence with subcontractors. This documentation is critical for project auditing, contract management, and resolving any future disputes. Ensuring Compliance with Contractual Terms: To ensure that all subcontractor claims are in line with the terms of the subcontract agreement, including payment terms, penalties, liquidated damages, and retention Dispute Resolution: If there are disputes between the main contractor and the subcontractor regarding the bill or the amount certified, the QS plays a key role in resolving the issue. They do this by re-evaluating the work done, reviewing contract terms, and facilitating discussions between parties. Final Account and Closeout: After completion of works, QS must assist in preparing the final account for the subcontractor, ensuring that all payments, variations, retention, and deductions are accurately accounted for. To ensure that all outstanding payments to subcontractors are made, and any final account settlements are completed and documented. Qualification & Requirements: Bachelor's degree in Civil Engineering, Quantity Surveying, or related field. Professionals with MRCIS/AACE/CPP would be added advantage but not mandatory. Minimum 12-15 years of commercial management experience in contracting/construction.