Regional Commercial Lead
5 days ago
Job Responsibilities.
- Prepare and finalize detailed Project Cost to Complete (CTC) based on design, specifications, and construction methodology. Coordinating the finalization process along with the DCO team.
- Establish cost monitoring systems and tracking project expenditure against approved budgets.
- Monitoring CM Discretional Spent to be within Organisational norms.
- Support management in cash flow planning, cost forecasting, and AOP finalizations.
- Ensure timely certification and closure of vendor bills, minimizing hold-ups and disputes.
- Implement cost control mechanisms to track site-level expenses, consumables, and petty cash usage.
- Work closely with the Procurement team for preparation and finalization of work orders, service orders, and amendments.
- Ensure timely issuance of contract amendments for approved extra items, deviations, and variations.
- Scrutinize and validate extra item proposals, rate analyses, and change orders.
- Maintain a comprehensive contract register and track deliverables, milestones, and financial commitments.
- Ensure proper documentation, approvals, and budget adjustments for variations and scope changes.
- Maintain updated records of all commercial deviations for audit and management reporting.
- Drive adherence to companys commercial policies and approval protocols.
- Highlight potential risks or savings opportunities through analytical cost insights.
- Support internal and external audit requirements by maintaining transparent documentation.
- Foster close coordination with Project Execution, Planning, Finance, and Design teams for seamless process flow & timely vendor payment.
- Mentor team members and build capability in cost planning and contract management.
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