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Commercial Head

VINCITORE PREMIUM REAL ESTATE DEVELOPMENT L.L.CDubai, UAE1 weeks agoSenior
Senior

Skills

NegotiationVP of Commercial OperationsClient Relationship Management

About This Role

Overview

  • Commercial Management
  • · Lead overall commercial strategy and governance.
  • · Monitor project profitability and financial performance.
  • · Conduct commercial reviews across projects.
  • · Ensure commercial compliance and reporting.
  • · Improve overall business commercial efficiency.

Contracts Administration & FIDIC

· Administer contracts in accordance with FIDIC conditions.

· Review main contracts and subcontract agreements.

· Manage contractual notices, claims, and correspondence.

· Lead Extension of Time (EOT) and prolongation claims.

· Identify and mitigate contractual risks.

Variations & Claims Management

· Ensure timely identification and submission of variations.

· Maximize recovery of contractual entitlements.

· Lead claims preparation and negotiations.

· Monitor variation and claims approval status.

Cost Control & Budget Management

· Establish project budget baselines.

· Conduct Cost Value Reconciliation (CVR).

· Monitor actual cost vs budget and forecast.

· Analyze cost overruns and corrective actions.

· Improve cost efficiency across projects.

Estimation & Tendering

· Lead tender commercial reviews and bid strategy.

· Validate pricing and estimation assumptions.

· Support value engineering during tender stage.

· Conduct tender risk analysis.

Procurement Commercial Oversight

· Develop procurement commercial strategies aligned with project budgets and timelines.

· Monitor procurement costs against approved budgets.

· Review and approve major procurement packages and subcontract agreements.

· Lead commercial negotiations with suppliers and subcontractors.

· Establish procurement benchmarking systems and market price analysis.

· Ensure procurement activities comply with project specifications and contractual requirements.

· Coordinate with planning, engineering, and stores teams for procurement scheduling and material planning.

· Monitor procurement risks including price escalation, delays, shortages, and supplier performance.

· Improve procurement savings through strategic sourcing and value engineering.

· Monitor procurement commitments and liabilities.

· Ensure timely procurement to avoid project delays and commercial exposure.

· Review supplier payment terms to optimize company cash flow.

· Support prequalification and evaluation of vendors and subcontractors.

· Improve procurement reporting systems and ERP integration.

· Monitor procurement-related claims and back charges.

· Ensure alignment between procurement, inventory, and project consumption.

· Participate in subcontract final account negotiations and closure.

Inventory & Stores Commercial Oversight

· Monitor inventory value and material utilization.

· Ensure proper material reconciliation systems.

· Review inventory aging, dead stock, and excess stock.

· Reduce material wastage and leakage risks.

· Support ERP-based inventory control systems.

· Conduct inventory commercial audits.

· Optimize inventory carrying costs and working capital.

Project Monitoring & Reporting

· Coordinate with planning and project teams.

· Monitor progress, delays, and commercial impact.

· Prepare executive commercial dashboards and reports.

· Monitor project cash flow and collections.

Value Engineering

· Lead value engineering initiatives.

· Identify cost optimization opportunities.

· Improve procurement and constructability efficiency.

Team Leadership

· Lead QS, contracts, estimation, cost control, procurement coordination, and commercial teams.

· Develop SOPs and commercial procedures.

· Conduct performance reviews and mentoring.

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