Project Commercial Lead
6 months ago
Wood is currently recruiting for a **Project Commercial Lead **(Post Award) with extensive experience in the oil and gas petrochemical, renewable energy, and energy transition industries.
- Promote and demonstrate safety leadership behaviors
- Always act ethically and with the utmost integrity
- Champion and follow the relevant DOA and commercial / contracting policies
- Ensure the project operates in accordance with Wood’s commercial policies and procedures, including the business Delegation of Authority
- Lead commercial activities during the project life cycle from negotiation of contract terms through contract delivery to commercial close out.
- Ensure that the contract is set up correctly in the appropriate business system.
- Develop and implement commercial processes that support compliance with Wood’s obligations under the contract
- Implement and ensure compliance with the Financial Management Framework
- Review project specific commercial strategies to ensure best commercial solutions are deployed for Wood and the client
- Ensure that any necessary contractual notices are served in accordance with the terms of the contract, including client approvals, reporting requirements, preparation and submission of variation and contract amendment requests
- Ensure that project KPI scheme(s), any as necessary, are administered in accordance with the terms of the contract
- Contribute directly to value creation and commercial gain to Wood and the client
- Establishing confidentiality agreements and providing assistance to clients on contracting strategy, preparing pre - qualifications and invitations to bid for licensors and contractors
- Providing assistance on addressing subcontract queries, evaluating bids, and supporting in negotiation and finalization of contract documentation
- Manage project timesheets and ensure that these are approved on time not to delay the invoices.
- Ensure that payments to WOOD are made in accordance with the terms of the contract.
- Expedite the client if there are any delay in the invoice payment.
- Guide the Project Manager on all Commercial aspects of the Project
- Responsible for and ensure that commercial models and scope of delivery are understood within the Project.
- Take the Basis of Estimate / Commercial Handover Documents (including Commercial Plan) and develop Commercial Strategy for the Project.
- Ensure that change is captured in contract variations/amendments.
- Ensure that project costs are effectively controlled.
- Establish & maintain commercial administration files.
- Ensure that FMF reports are completed and issued in a timely manner
- Drive Cash recovery
- Manage any commercial team members and ensure that the correct commercial resources are allocated to the Project
- Request, monitor and timely provision of commercial / contract deliverables in compliance with relevant policies and procedures and contract requirements (e.g. bonds, insurance certificates)
- Prepare project cashflow forecasts/ budgets as required by Finance.
- Prepare and ensure that cost / value reporting and end life forecasting on project are undertaken in accordance with WOOD policies and procedures and that the appropriate values are reflected in the management accounts.
- Prepare final accounts and close out of contracts in accordance with contract requirements.
- Prepare internal project monthly reports for management.
- Prepare and manage RTS between various Wood’s Business Units in accordance with relevant WOOD policies and procedures and in a manner, which optimizes WOOD’s commercial position.
- Provide commercial and contractual advice to Project Managers.
- Degree in Quantity Surveying, or Business Studies, along with appropriate professional qualification (preferred)
Knowledge, skills, and experience:
- Minimum 10 years in commercial field with 5 years’ experience in a similar role
- Strong cost control experience within Middle East Major oil and gas Projects
- Individual should have work experience in the industry which would allow understanding of and exposure to key contracting concepts and principle
- Good working knowledge and experience of commercial administration and procedures
- Advanced knowledge in Microsoft Office such as Excel
- Good knowledge of different contracting strategies, the pros, and cons of different approaches
- Hands-on experience managing the tendering of large complex high value contracts, and tendering of licensor technology packages
- Experience managing project commercial issues in the oil and gas petrochemicals and renewable energy and energy transition contracting environments
- A sound working knowledge of key terms within engineering services head contracts
Personal attributes:
- Utmost integrity
- Demonstrate commitment to Wood and client core values
- Demonstrate commitment to Wood Commercial Process and Procedures
- Excellent communication skills, written, oral, and presentation
- Ability to work as part of a team
- Ability to
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