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About the Role
The Commercial Manager is responsible for contract administration and risk management, managing time/cost impacts, and protecting the company from damages. This role plans and coordinates commercial aspects of contracts throughout each project's lifecycle.
Responsibilities
- Actively identify opportunities to minimize contract risk and plan commercial risk-mitigation strategies.
- Provide support to the project team throughout the project lifecycle to ensure compliance with all relative contracts.
- Evaluate, negotiate, and execute a wide variety of different contracts.
- Evaluate and develop strategies for resolving contract-related problems.
- Develop, implement, and ensure compliance with appropriate strategic commercial approach.
- Develop and implement contract-management and purchasing instructions, policies, procedures, and systems.
- Provide on-demand contractual clarifications / position statements to project team members.
- Enforce and defend contractual interests of all subcontracts.
- Identify and report subcontractor commercial and contractual issues.
- Fairly evaluate subcontractor changes and claims.
- Review project specifications and ensure contractor compliance.
- Review compensatory claims and manage contract change orders.
- Support the project team in the preparation of notices, change requests, claims, and disputes.
- Support the project team with effective negotiation and management of change orders.
- Support the project team with contractual and commercial matters by developing strategies and providing recommendations.
- Monitor contracts/subcontracts and move forward with close-out, retention, extension, or renewal.
- Identify and manage project commercial and contracting risks and coordinate mitigation measures and contractual insurance requirements.
- Ensure compliance and manage maintenance of required contractual securities and insurance policies.
- Manage the preparation of internal and external monthly reports on contractual and commercial matters.
- Maintain logs, records, and registers for subcontractor contract files, correspondence, changes, claims and risks & opportunities.
- Initiate and administer bidding process and contracts.
- Interface with clients, other departments, and the public on contract and purchasing matters.
- Review specifications to determine the disciplines of work required.
- Research and evaluate vendors/contracts to ensure compliance with state and federal regulations.
- Evaluate vendors to ensure performance aligns with established specifications.
- Review and maintain purchasing files and records for compliance with company policies.
- Review and monitor capital purchases for compliance with company policies.
- Identify opportunities for cost savings.
- Compile data from a variety of sources for analysis and ensure compliance with company policies.
- Respond to inquiries from internal and external sources.
- Review project needs and make recommendations to avoid potential problems.
- Support the Procurement team with preparation of contract terms and conditions.
- Maintain a good understanding of the contractual issues on the Project.
- Perform other duties as assigned by Direct Supervisor.
Requirements
- Minimum of 10 years of work experience in a contract management role within the construction industry, or 7 years’ experience directly managing contracts within the heavy civil construction industry.
- Advanced knowledge of construction contract administration and the principles of purchasing, finance and estimating.
- Experience working within a P3 and/or Design-Build Environment preferred.
- Thorough knowledge of contract language and legal requirements of contracts, regulations, and applicable law.
- Ability to interact with and present to Executives, Directors and Managers.
- Effective communication skills with ability to collaborate at multiple levels.
- Strong negotiating skills with ability to lead or support negotiations.
- Commercial acumen with a proactive approach to problem solving.
- Ability to work within internationally staffed teams.
- Strong organizational skills with ability to work effectively under pressure, meet tight deadlines, and manage conflicting priorities.
- Must be able to remain in a stationary position for long periods.
- Requires visual ability to perform tasks: preparing and analyzing data, plans, drawings, outlines, viewing a computer, and extensive reading.
- Requires the ability to physically operate standard office equipment.
Skills
- Contract administration
- Risk management
- Negotiation
- Communication
- Collaboration
- Problem-solving
- Organizational skills
- Purchasing
- Finance
- Estimating
Experience Level
- 10 years of work experience in a contract management role within the construction industry
- 7 years’ experience directly managing contracts within the heavy civil construction industry
Education Level
- Bachelor's degree in Business, Engineering, Construction Management, Law or related degree
- MBA or JD degree preferred