About us
Al Balad Development Company (BDC), wholly owned by the Public Investment Fund, is the heritage-focused master developer and asset manager of the Jeddah Historical District. Its aim is to provide an authentic experience, build a vibrant and creative community, and establish Jeddah Historical District as an economic center and a global historical destination inspired by Jeddah’s ancient heritage and diverse culture.
Job Summary
The Manager, Contracts is responsible for overseeing the drafting, negotiation, and administration of contracts related to procurement activities. This role ensures that contracts align with project requirements, legal standards, and organizational goals. The Manager will work closely with suppliers, vendors, and internal teams to ensure contract execution and compliance, manage risks, resolve disputes, and monitor contract performance.
About the Role
Contract Drafting & Negotiation
• Manage the drafting, review, and negotiation of procurement contracts, ensuring they align with project requirements and legal standards.
• Collaborate with procurement, legal, and project teams to ensure that contract terms and conditions meet organizational needs while minimizing risk.
• Ensure that all contract clauses are clear, fair, and in compliance with regulatory and business standards.
Contract Administration
• Oversee the implementation of contracts, ensuring all terms and conditions are met by both parties (company and suppliers/vendors).
• Maintain comprehensive records of contract-related documentation, including amendments, renewals, and performance reports.
• Monitor the lifecycle of contracts from inception to completion, ensuring smooth execution and compliance.
Supplier & Vendor Liaison
• Serve as the primary point of contact between suppliers, vendors, and internal teams to ensure contracts are executed in accordance with agreed terms.
• Build and maintain strong, professional relationships with suppliers and contractors to facilitate smooth operations and address any issues that arise.
• Act as a mediator between stakeholders to ensure timely resolution of any concerns related to contract execution.
Risk Identification & Mitigation
• Identify potential risks related to contracts, including performance, legal, financial, and operational risks.
• Develop and implement strategies to mitigate risks throughout the contract lifecycle.
• Collaborate with relevant teams to address risk issues and ensure that contract performance remains on track.
Dispute Management
• Assist in resolving any contractual disputes or issues, coordinating with legal, procurement, and project management teams as needed.
• Negotiate fair and effective solutions to disputes to avoid project delays and maintain supplier relationships.
• Ensure that all dispute resolution actions are documented and comply with company policies and legal requirements.
Compliance Monitoring
• Ensure all contracts comply with legal, regulatory, and organizational standards during execution.
• Monitor compliance with contractual terms and conditions, escalating issues as needed to relevant stakeholders.
• Regularly review and update contracts to ensure compliance with changing laws and regulations.
Performance Tracking
• Monitor supplier and contractor performance against contract terms, ensuring timely delivery and quality compliance.
• Develop and implement performance tracking systems to monitor key performance indicators (KPIs) related to contract execution.
• Report on contract performance to senior management, identifying any performance gaps and suggesting corrective actions
Qualifications
Job details are sourced from the employer's original posting.
Open job postingAbout the company
A company involved in development projects.