Principal Contract Management Spec

Job Overview:

In a lead role, can lead projects or segments of projects with contract values up to $500M under supervision of the Contracts Manager/Contracts Director. Reports to the Contracts Manager/Director. Manages Graduate Trainees Contracts Administrators and/or Contracts Specialists. Has responsibility for the Contracts Management and Claims Success of allocated Contracts at the projects level. Develops and maintains a positive relationship with internal functions and clients. This is a site-based position on a 14/7 rotational schedule.

Salary Range: $162,541 - $191,420. The range provided is for contracted hours only. In addition, McDermott offers a competitive total rewards package, including project up-lift and bonuses.

Key Tasks and Responsibilities:

• Assist and ensure the preparation of Post Contract Award including:
  • Coordinate Project Execution Plans
  • Contract Notices to subcontractors and Client
  • Generate detailed contract change documentation for submittal to client
  • Contractual Alignment
  • Contract Records Management/Documentation
  • Insurance certification
  • Letters of Credit, Bonds, Payment Guarantees, Parent Company Guarantee
  • Coordinate Flow Down Provisions for Procurement and Subcontract Management
  • Monthly Review Contracts/Commercial Management Plan
  • Contracts Awareness and Training Sessions
  • Contract Change Notices
  • Contractual Letters
  • Contract Milestones
  • Contract Schedule Changes
  • Project Opportunity and Risk Matrices
  • Ensure inputs are received from all functions in relation to any Contractual Matters
  • Coordination of Lessons Learned for future bid submissions
• Interface with all functions including but not limited to Project Management, Engineering, SCM, Fabrication, Construction, Marine Installation, Hook Up and Commissioning, Consortium or JV Partner, QHSE, Legal, Finance, Business Line Management, EXCOM, Customer/Client
• Organize and chair Commercial Management meetings and ensure sufficient challenge of growth/change opportunities with Customer for Project Management, Engineering, SCM, Fabrication, Construction, Marine Installation, Hook Up and Commissioning, Consortium or JV Partner, QHSE, Legal, Finance, Business Line Management, EXCOM, Customer/Client
• Develop Lessons Learned for bid submissions and the bid process for wider cascade to the business via the Estimating and Proposals Managers and required close out actions if any

Essential Qualifications and Education:

• Typically requires a Bachelor’s Degree in a relevant discipline such as Engineering, legal, Commercial or Quantity Surveying and five (5) years of functional experience + two (2) years of experience in Contracts Management
• Proven experience in contract management within the Engineering Procurement Construction and Installation (EPC/EPCI) industry, in the areas of Energy Transition, Onshore, or Offshore or Subsea and Floating Facilities (FPSO/FPU)
• In-depth knowledge of EPC/EPCI project lifecycles, including design, procurement, construction, and installation phases
• Is able to build rapport with and gains respect from employees with varied experience and background. · Familiarity with industry-specific terminologies, contracts, and standards
• Strong negotiation skills with a focus on achieving mutually beneficial outcomes
• Ability to analyze complex contract requirements and identify potential risks
• Excellent verbal and written communication skills, enabling effective collaboration with diverse stakeholders
• Proficient in using contract management software and MS Office Suite
• Detail-oriented with strong organizational and time management skills
• Ability to work under pressure, multitask, and meet tight deadlines

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