Commercial Contracts Manager

1. Contract Development Work closely with Engineering department to identify contractual needs, develop contract templates, and create terms and conditions that align with the organization’s goals and legal requirements. 2. Negotiation Negotiate with external parties, such as vendors, suppliers, or clients, to establish mutually agreeable terms and conditions. Maintaining positive relationships with the other party. 3. Contract Review Carefully review contract documents to ensure accuracy, completeness, and compliance with legal regulations. This includes analyzing contractual obligations, terms of payment, deliverables, and any associated risks. 4. Risk Assessment and Mitigation Identify and assess potential risks and liabilities within contracts. Collaborate with legal and compliance teams to minimize risks and include appropriate clauses to address them effectively. 5. Contract Execution To oversee the execution process, ensuring that all parties fulfil their obligations as outlined in the agreement. Track deadlines, deliverables, and milestones to ensure timely performance. 6. Contract Administration Maintain contract documentation and databases, tracking contract expiration dates, renewals, and amendments. Contract managers also handle any contract-related inquiries or disputes that may arise during the contract lifecycle. 7. Relationship Management Foster positive relationships with stakeholders involved in the contract process, such as clients, vendors, legal teams, and internal departments. Effective communication and collaboration are crucial to ensure smooth contract management. 8. Compliance and Legal Awareness Must updated on relevant laws, regulations, and industry standards to ensure contracts are in compliance. They work closely with legal advisors to address any legal concerns and maintain contractual integrity. 9. Performance Evaluation Conduct periodic evaluations to assess contract performance, identify areas for improvement, and drive value optimization. Other responsibilities: • Preparation of request for proposals, bid documents and tender notices for the procurement of works, goods and services. • Monitoring the tendering processes for the organization. • Evaluation of bids and proposals of bidders and contractors. • Contract negotiation. • Preparation of contracts and contract signing. • Make sure that the contracts are executed as per the corporate guidelines. • Oversee the change in scope and modify contracts accordingly. • Assessment of risks, analysis or risks and taking risk mitigation measures. • Visit client site and meet with business partners. • Prepare progress reports and send them to various stakeholders. • Closing the contracts successfully and issuance of completion certificates to the contractors. • Recording the lessons learned and suggesting future modifications to the existing policies. • Dispute resolution and representing the organization in arbitrations and court cases. • Impart training to other contract management professionals. Skills Required for the Job 1. Negotiation and Communication Skills 2. Analytical and Problem-Solving Skills 3. Attention to Detail 4. Project Management Skills 5. Software Proficiency 6. Professionalism and Ethics