Senior Commercial Manager

Overview

🔹 Commercial & Contractual Management

• Lead commercial and contractual management of construction works, enabling works, infrastructure works, and integrated construction packages across the Arena Quadrant.
• Administer FIDIC-based contracts on behalf of Diriyah Company, ensuring full compliance with contract terms, conditions, and obligations.
• Provide expert commercial advice to the Employer on contract strategy, risk allocation, and procurement options.

🔹 Cost Planning & Control

• Prepare, manage, and update the Master Cost Plan and individual package cost plans in line with the Development budget.
• Monitor cost implications during all design stages; prepare forecasts of project costs at completion for the Anticipated Cost Report.
• Prepare and maintain monthly Cash Flow forecasts, Project Cost Reports, and Anticipated Final Costs.
• Manage financial risk registers and carry out regular cost benchmarking, including benchmarking for Contractor claims and rates.

🔹 Change & Variation Management

• Manage the Pending Variation Order (PVO) process, including evaluation, quantification, and negotiation of variations.
• Review post-tender changes, advise on justification, viability, and achievable cost reductions.
• Collaborate with the Construction Supervisor and Architect/Engineer-of-Record on cost estimates for potential changes.
• Maintain the change register and provide a clear link between potential changes and project cost forecasting.
• 🔹 Payment Certification
• Oversee assessment and certification of Interim Payment Certificates, Statements at Completion, and Final Payment Certificates.
• Ensure all Applications for Payment comply with contractual requirements in timing, format, and supporting documentation.
• Maintain the Retention, Insurance and Bond Register and ensure all bonds and insurances are current prior to certification.

🔹 Claims & Dispute Support

• Receive, assess, and evaluate Contractor claims; prepare Recommendation Reports for the Employer.
• Provide delay analysis support, claims defense strategies, and assist in negotiations and amicable settlements.
• Take proactive steps to prevent and mitigate claims, ensuring contract provisions are adhered to by all parties.

🔹 Tendering & Procurement Support

• Price Bills of Quantities to ascertain final cost estimates; prepare BoQ Preambles and Contract Preliminaries.
• Perform tender evaluations, reconcile with Cost Plans, and prepare Award Recommendation reports.
• Assist in finalization of contract conditions, pricing, and post-tender clarifications.
• Contribute to Letter of Award (LOA) prerequisite documentation and Tender Evaluation Reports.

🔹 Value Management & Commercial Advisory

• Provide advice and framework on value engineering opportunities throughout the project lifecycle.
• Participate in Value Management exercises and prepare cost estimates for substitutions.
• Validate and verify commercial and financial performance of each project. 🔹 Team Leadership & Reporting
• Lead and mentor a team of Commercial Managers, Quantity Surveyors, and Procurement staff.
• Prepare the monthly Cost Report (submitted by the 23rd of each month) covering cashflows, commitments, changes, advance warnings, and budget transfers.
• Lead Cost and Contract Meetings and contribute to PCG, Executive, and Stakeholder meetings.
• ━━━━━━━━━━━━━━━━━━━━━━━━━ MINIMUM REQUIREMENTS ━━━━━━━━━━━━━━━━━━━━━━━━━
• ✅ Education: Bachelor's degree in Quantity Surveying (or equivalent)
• ✅ Professional Membership: MRICS or CIOB (Required)
• ✅ Overall Experience: Minimum 15 years in commercial management on large-scale construction projects
• ✅ Similar Project Experience: Minimum 8 years on giga-projects, mixed-use developments, or equivalent complexity
• ✅ Regional Experience: Minimum 5 years in Saudi Arabia or other GCC countries
• ✅ Contract Expertise: Proven track record administering FIDIC Red, Yellow, and Green Book contracts
• ✅ Language: Full professional fluency in English (spoken, read, and written)
• ━━━━━━━━━━━━━━━━━━━━━━━━ PREFERRED ATTRIBUTES ━━━━━━━━━━━━━━━━━━━━━━━━━
• Experience on Managing Contractor / Early Contractor Involvement (ECI) delivery models
• Exposure to Guaranteed Maximum Price (GMP) and Provisional Sum contract structures
• Familiarity with Oracle Unifier or similar PMIS cost management platforms
• Prior experience on KSA giga-projects (NEOM, Red Sea, Diriyah, Qiddiya, ROSHN, etc.)
• Strong stakeholder management and negotiation skills
• ━━━━━━━━━━━━━━━━━━━━━━━━━ WHY JOIN ITALCONSULT? ━━━━━━━━━━━━━━━━━━━━━━━━━
• Be part of a legacy-defining project reshaping Riyadh's cultural and economic landscape
• Work alongside world-class design, construction, and delivery professionals
• Competitive expatriate package with attractive allowances
• Career growth opportunities across Italconsult's global portfolio