GM-Commercial & Contract

Kolkata - India

Monthly Salary: Not Disclosed

Posted on: 4 hours ago

Vacancies: 1 Vacancy

Job Summary

Key Responsibilities
1. Tendering (Pre-Contract Stage)
Study and interpret commercial terms & conditions of EPC tenders for EHV Substation and Transmission Line projects.
Prepare and vet commercial bids deviations price schedules and contractual compliance statements.

Coordinate with Engineering Estimation and Finance teams to finalize techno-commercial submissions.

2. Contract Agreement & Post-Award Formalities

Review negotiate and finalize EPC Contract Agreements with clients.
Ensure incorporation of all commercial protections payment terms LD clauses PV clauses tax provisions and risk mitigation.
Manage contract amendments addendums and change orders.

3. Billing & Payment Realization

Oversee preparation and submission of RA Bills Final Bills PV Bills & VariationClaims.
Ensure timely certification of bills and follow up for payment realization.
Resolve billing disputes with clients and consultants.

4. Price Variation (PV) Calculations
Independently prepare and vet PV Bills based on IEMA and Railway Indices.
Ensure correct application of base indices weightages and escalation formulas as per contract.

5. Project Insurance

Handle all types of Project Insurance including:
o Contractors All Risk (CAR)
o Erection All Risk (EAR)
o Marine / Transit Insurance
o Workmen Compensation / Third Party Liability
Coordinate with insurers for endorsements claims and renewals.

6. Bank Guarantees

Manage all Project-related Bank Guarantees including:
o Bid Security / EMD
o Performance Bank Guarantee (PBG)
o Advance Bank Guarantee
o Retention BG
Track validity renewals releases and compliance with contract terms.

7. Reconciliation & Contract Closure

Conduct Material Reconciliation final account settlement and contract closing.
Ensure closure of all commercial financial insurance and BG obligations.

8. Liaison with Key Government Officials

Liaise with DISCOMs Railways PSU clients and Govt. Authorities for approvals certifications and payment release.
Represent the company in commercial discussions and negotiations.

9. Project Management

Plan monitor and control EPC project execution schedules for EHV Substation and Transmission Line works in line with contractual milestones.
Track progress of engineering procurement construction erection testing and commissioning activities.
Identify delays risks and bottlenecks and initiate corrective actions in coordination with site and HO teams.
Ensure alignment between technical progress and commercial milestones for timely billing and cash flow.
Support preparation of recovery schedules and ensure compliance with approved project timelines.
Review site progress reports and participate in project review meetings with internal teams and clients.

10. Internal Coordination

Coordinate with Project Engineering Planning Stores and Finance teams.
Support site teams on contractual billing and claim matters.
Maintain centralized commercial records and MIS.

Key Responsibilities 1. Tendering (Pre-Contract Stage) Study and interpret commercial terms & conditions of EPC tenders for EHV Substation and Transmission Line projects. Prepare and vet commercial bids deviations price schedules and contractual compliance statements. Coordinate with Eng...