Job description / Role
The name suggests Commercial Contract Management comprises of 2 words - commercial and contract management. As already answered by many, contract management is pretty clear - its managing the contracts 2 parties have signed with each other. Managing of contract comprises everything starting from negotiations, drafting contracts, contract reviews, further negotiations, agreement, signing and storage, subsequent changes in the contract as per business requirements, agreeing addendum to contracts, again signing and storing. The role is also responsible for making its own team members, who are working on delivering that contract, to be aware of basic contract clauses so that they know what they are doing and what will happen if they fail/succeed.
Commercial Contract Management happens when commercial i.e. money part comes in. Normally in bigger organizations Commercial role is played by Finance teams and Contract Engineer only takes specific inputs from Finance to be included in the contract. However, if contract Engineer is also the one who is controlling the money part that role becomes commercial contract Engineer. Apart from responsibilities listed above, additional tasks like devising the value of the contract, drafting payment mechanism, devising value of any change in the contract, penalty calculation in case of breach, incentive calculation in case of ontime/before time delivery, impact of change in SLAs and all other such things which can directly impact the money part of the contract, also falls in the bucket of commercial contract Engineer.
So a commercial contract Engineer is a person who is familiar with basic legalities of a contract but also of finances and how money-game can be played. Ofcourse, this role makes it almost mandatory to liaise between Finance, Legal, Marketing, Delivery heads to get their nod while finalizing a contract.
About the Company
China Railway Construction Corporation Limited ("CRCC") was solely established by China Railway Construction Corporation on November 5th, 2007 in Beijing, and is now a mega size construction corporation under the administration of the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC). On March 10th and 13th, 2008, CRCC was listed in Shanghai (SH, 601186) and Hong Kong (HK, 1186) respectively, with a registered capital totaled RMB 13.58 billion.
CRCC, one of the world's most powerful and largest integrated construction group, ranking the 59th among the Fortune Global 500 in 2019, and the 14th among the China 500 in 2018，as well as 3rd among ENR’s Top 250 Global Contractors, is also one of the largest engineering contractor in China.
The business of CRCC covers project contracting, survey design consultation, industrial manufacturing, real estate development, logistics, trade of goods and materials as well as capital operations. CRCC has developed mainly from construction contract into a complete and comprehensive industrial chain of scientific research, planning, survey, design, construction, supervision, maintenance and operation, etc. The comprehensive industrial chain enables CRCC to provide his clients one-stop integrated services. Now CRCC has established its leadership position in project design and construction fields in plateau railways, high-speed railways, highways, bridges, tunnels and urban rail traffic.
Sommerman Skinner Associates (SSA Limited)
|Abu Dhabi||16 Mar|
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