Commercial Manager
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Position Overview:
We are seeking an experienced Commercial Manager to join our FIDIC Engineer and Project Management Consultancy (PMC) team for the prestigious Diriyah Square development. This role requires a seasoned professional with extensive experience in large-scale construction projects operating under FIDIC contract conditions, with specific responsibility for commercial oversight, cost management, and coordination with the project's cost consultant.
Key Responsibilities:
Commercial Management
- Provide comprehensive commercial management services as part of the FIDIC Engineer and PMC team for Diriyah Square development
- Administer FIDIC contract conditions, ensuring compliance with contractual obligations and procedures
- Review, evaluate, and make recommendations on contractor payment applications, variations, claims, and extensions of time
- Manage the commercial aspects of multiple work packages and contracts simultaneously
- Prepare and present commercial reports to senior management and clients
- Identify commercial risks and opportunities, implementing mitigation strategies
Cost Consultant Oversight
- Provide direct oversight and management of the appointed cost consultant
- Review and validate cost consultant deliverables including valuations, cost reports, and change order assessments
- Ensure cost consultant performance meets project requirements and quality standards
- Coordinate cost management activities between the cost consultant, contractors, and client
- Challenge and verify cost consultant recommendations and cost forecasts
Contract Administration
- Lead the administration of FIDIC-based contracts including Red Book, Yellow Book, or Silver Book conditions
- Issue Engineer's instructions, determinations, and certificates in accordance with FIDIC procedures
- Evaluate and negotiate contractor claims for additional time and money
- Manage variation order processes from inception through approval and implementation
- Maintain comprehensive contract documentation and records
Financial Management
- Monitor project budgets and financial performance against approved baselines
- Prepare cash flow forecasts and expenditure projections
- Review and approve interim payment certificates
- Manage final account processes and close-out procedures
- Ensure accurate and timely financial reporting
Stakeholder Management
- Act as key commercial interface between client, contractors, consultants, and PMC team
- Facilitate commercial meetings and dispute resolution discussions
- Provide commercial advice and support to the Engineer and PMC leadership
- Build and maintain strong working relationships with all project stakeholders
Required Qualifications:
Education
- Bachelor's degree in Quantity Surveying, Construction Management, Civil Engineering, or related discipline
- Professional qualification (MRICS, CIOB, or equivalent) highly desirable
Experience
- Minimum 12-15 years of commercial management experience in construction and infrastructure projects
- Substantial experience working under FIDIC contract conditions as part of an Engineer or PMC team
- Proven track record managing commercial aspects of mega-projects (US$500M+)
- Experience in the Middle East/GCC region, preferably Saudi Arabia
- Demonstrated experience providing oversight of cost consultants or quantity surveying teams
- Experience in mixed-use, hospitality, or master-planned community developments preferred
Technical Skills
- Expert knowledge of FIDIC contract conditions (Red, Yellow, Silver Books)
- Strong understanding of construction methodologies, programming, and cost management principles
- Proficient in contract administration procedures and commercial risk management
- Experience with project management and cost control software
- Advanced proficiency in Microsoft Office suite
Personal Attributes
- Strong analytical and problem-solving capabilities
- Excellent negotiation and conflict resolution skills
- Outstanding written and verbal communication skills in English (Arabic language skills advantageous)
- Ability to work effectively under pressure and meet tight deadlines
- High degree of commercial acumen and business awareness
- Strong attention to detail and commitment to quality
- Collaborative team player with leadership capabilities
Working Conditions
- Location: Diriyah, Riyadh, Saudi Arabia
- Project duration: Long-term assignment (minimum 2-3 years)
- Full-time position requiring site presence and occasional extended hours
- Some regional travel may be required
Location:
On-site -Riyadh, SAUIf this job description resonates with you, we encourage you to apply even if you don’t meet all of the requirements. We’re interested in getting to know you and what you bring to the table!
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