Senior Commercial Manager

Job Description

We are seeking an experienced Senior Commercial Manager to lead the commercial and contractual management of a major hospital construction project in Singapore. The successful candidate will oversee contract administration, procurement, cost management, subcontract management, variations, claims and commercial risk throughout the project lifecycle.

Key Responsibilities

• Lead and manage the commercial and contractual functions for the hospital construction project.
• Develop and implement commercial strategies to support project objectives and financial performance.
• Manage the administration of the main contract and ensure compliance with contractual requirements.
• Review contract conditions, specifications, bills of quantities, drawings and other contract documents.
• Manage the preparation, evaluation and negotiation of variations, claims and commercial submissions.
• Monitor project costs, commitments, expenditures, forecasts and potential commercial risks.
• Prepare and review monthly progress claims, payment applications, valuations and payment certifications.
• Lead subcontract procurement, including preparation of tender documents, evaluation of quotations and commercial negotiations.
• Review and negotiate subcontract agreements, purchase orders and commercial terms.
• Manage subcontractor payments, variations, claims, final accounts and commercial disputes.
• Monitor subcontractor commercial performance and identify potential cost and contractual risks.
• Assess and manage extension-of-time, loss-and-expense and other contractual claims where applicable.
• Maintain proper records of contractual correspondence, notices, variations, claims and commercial documentation.
• Coordinate with the Project Manager, Quantity Surveyors, Contracts Managers, engineers and site teams on commercial matters.
• Liaise with clients, consultants, subcontractors and suppliers on contractual and commercial issues.
• Review project cost reports and provide regular commercial updates to senior management.
• Identify potential financial exposure and recommend appropriate risk mitigation measures.
• Assist in the preparation of project budgets, cost forecasts and cash-flow projections.
• Monitor procurement costs and ensure that project expenditure remains within approved budgets.
• Lead commercial negotiations with clients, consultants, subcontractors and suppliers.
• Manage the preparation and agreement of final accounts.
• Provide commercial advice to the project management team on contractual obligations and project risks.
• Ensure compliance with company policies, contract requirements and applicable Singapore regulations.
• Lead and mentor commercial, contracts and quantity surveying personnel within the project team.
• Perform other commercial and contractual duties as assigned by senior management.

Requirements

• Degree in Quantity Surveying, Construction Management, Civil Engineering, Building, Business or a related discipline.
• Minimum 10 years of relevant experience in commercial management, quantity surveying or contract administration within the construction industry.
• Proven experience in managing the commercial aspects of large-scale building or complex construction projects.
• Experience in hospital, healthcare, institutional or other complex building projects will be an advantage.
• Strong knowledge of construction contracts, procurement, subcontract management, cost control, variations and claims.
• Experience with main contracts and subcontract agreements.
• Good understanding of Singapore construction practices and relevant contractual requirements.
• Strong commercial negotiation and contract administration skills.
• Experience in managing project budgets, cost forecasts, valuations and final accounts.
• Strong analytical, financial and problem-solving skills.
• Excellent communication, negotiation and stakeholder-management abilities.
• Able to work independently and lead a commercial/project team.
• Proficient in Microsoft Office and relevant quantity surveying or commercial management software.
• Familiarity with standard forms of construction contracts such as SIA, PSSCOC or other relevant forms will be an advantage.
• Professional qualification or accreditation in Quantity Surveying, such as SISV/RICS membership, will be an advantage.