Cost & Commercial Manager

Title: Cost & Commercial Manager

Location: London - Heathrow

Contract Type: Contract

Working Format: Hybrid 3 days Onsite/Office and 2 days working from Home

Introduction to role

Damicor are working with the global market leaders in the design, manufacture, installation and service of automated material handling systems to recruit a Cost & Commercial Manager into their team on a contract basis.

Working within the Project Execution Team, the Commercial Cost Manager will provide professional commercial, contractual and cost management services to support the delivery of complex automation system projects within dynamic, evolving and challenging airport environment.

The role combines responsibility for both Cost Management and Commercial Management, with a heavy biased towards the day to day cost management of our projects, ensuring projects are commercially successful, and subject to robust financial planning, forecasting and control throughout the project lifecycle.

Role Responsibilities

This role would suit someone who is a strong team player with high attention to detail, with excellent working knowledge of NEC3 & 4 contracting methods; Self-driven and motivated, organised, and enjoys challenging situations to see a job through to conclusion.

Cost Management Accountabilities

Accountable for ensuring projects are effectively cost controlled through robust budgeting, forecasting (in conjunction with the Project Manager) and financial reporting processes. Own and maintain project cost forecasts, including estimate-to-complete assessments and financial performance reporting. Develop and manage project cashflow forecasts, billing plans and applications for payment. Monitor project performance against approved budgets and identify opportunities or risks to financial outcomes. Provide financial analysis and reporting to Project Managers, Project Directors and Steering Groups. Support the quantification and valuation of project changes, compensation events and variations through robust estimating and cost assessment. Drive forecasting accuracy and cost control disciplines across the project team. Commercial Management Support Responsibilities

Supporting the Accountable Commercial Lead for protecting the commercial interests through effective contract and scope interpretation, administration and management with both customers and subcontractors. Manage contractual adherence including notices, early warnings, instructions, variations, compensation events, dispute resolution, and final accounts. Own commercial risk identification, assessment and mitigation strategies throughout the project lifecycle. Support tendering & manage procurement of subcontract packages, value for money assessment and subcontractor relationships. Negotiate contractual agreements with customers and subcontractors, commercial settlements, compensation events, variations. Develop and maintain effective relationships with customers, subcontractors and internal stakeholders to support successful project delivery. Champion project teams in understanding and complying with contractual obligations and commercial governance requirements.

Role Qualification and Skills Cost Management

Experience in project cost management within complex engineering or construction projects generating revenue in excess of £10m p.a. Strong forecasting, budgeting and cashflow management capability. Experience developing billing plans and managing payment applications. Ability to analyse project costs, identify trends and implement corrective actions. Understanding of estimating principles and cost modelling for project changes. Commercial Management

5+ years in successfully managing and administering NEC3/NEC4Main Contract with multiple subcontracts or similar forms of contracts. Proven experience in contractual risk management, change management and despite resolution. Experience managing customer and subcontractor commercial relationships. Excellent negotiation, influencing and dispute resolution skills. General

Experience within Airport projects (desirable but other automated systems experience would be of benefit). Good understanding of project programmes and schedule delay analysis. Membership of a professional body such as, but not limited to RICS, CIOB or ACostE preferred