Commercial Manager - Ukifs

The Commercial Manager is a senior commercial professional responsible for the either (or both) pre and post contract commercial activity that could include procurement (strategy and delivery), financial management, cost control, and commercial assurance of complex construction, engineering and/ or infrastructure contracts within one or more Integrated Project Teams (IPTs).

Operating with a degree of autonomy, the role holder provides expert commercial advice across the full project lifecycle—from cost planning and procurement through to final account agreement. The role holder will work closely with internal stakeholders, external partners, and key suppliers to ensure the successful execution of contracts, with a focus on alliancing, collaborative working, and delivering business objectives. This position is pivotal to ensuring that all contractual obligations are met, and value for money is continually delivered all while maintaining regulatory and contractual compliance and enabling seamless collaboration across the organisation and its strategic partners.

Depending on the IPT or business unit the role holder is deployed in, duties of the role will be delivered in line with RICS or CIPS professional standards, organisational governance, and regulatory requirements (including PA23 where applicable).

The role holder be accountable for the oversight of one or more contracts or procurements within their area, acting as the STEP commercial representative on contracts or procurements where authority is delegated from the Lead Commercial Manager or Senior Commercial Manager.

Dependent on the specifics of the role and IPT the role holder will be required to:

• Support the drafting, review, and negotiation of complex contracts, including but not limited to joint venture agreements, supply contracts, construction agreements, and service contracts, specific to the IPT or business unit.
• Collaborate with technical, legal and sourcing teams to ensure that contract terms reflect project objectives, regulatory requirements, and compliance standards.
• Assess and identify potential risks within contracts and ensure appropriate mitigation strategies are implemented.
• Collaborate with technical stakeholders to develop and implement appropriate performance metrics in contracts.
• Lead in the management and delivery of procurements within a regulated environment.

Dependent on the specifics of the role and IPT the role holder is deployed in, the role holder will be required to:

• Lead the cost management of major construction, infrastructure or engineering contracts, ensuring accurate forecasting, budgetary control, and cost assurance.
• Manage and be accountable for:

• Cost plans and cost breakdown structures
• Target costs and pain/gain mechanisms
• Forecasts, cashflows, and earned value metrics.

• Provide authoritative advice on commercial and cost impacts of design development, scope change, and programme movement.
• Be accountable for the management of costs in line with approved budgets, governance thresholds, and delegated authorities.

• Ensure change is being managed effectively on contracts within the role holder’s portfolio e.g. properly instructed, valued, negotiated, and recorded in accordance with contractual mechanisms (e.g. NEC).
• Be accountable for ensuring that contractor submissions deliver value for money, robustness, and contractual compliance.
• Support direct reports in reaching agreement on final accounts and ensure timely, controlled contract close-out

• Provide expert guidance to direct reports on contract selection, pricing mechanisms, risk allocation, and commercial models.
• Lead…