Senior Commercial Manager – Project Closeout & Financial Realization (KIIFB / Government Contracts)

Experience

15 – 20 Years

Location

Kerala (Head Office with regular liaison at SPV/KIIFB headquarters)

Industry

Building Construction

Compensation

upto ₹1.25L/month

We are looking to hire a Senior Commercial Manager – Project Closeout \& Financial Realization (KIIFB / Government Contracts) to systematically unlock stuck revenue, settle outstanding claims, and secure final financial closures for completed and handed-over multi-crore institutional building projects. This role focuses entirely on finalizing deviations, passing final bills through stringent government audits, and maximizing cash realization.

Core Responsibilities

• Final Revised Estimates (FRE): Compile, justify, and defend structural deviation statements, extra items, and substituted items to secure retroactive Technical Sanction (TS) and KIIFB in-principle approvals.
• Final Bill Submission: Oversee the error-free compilation and digital submission of Final Bills, pending Running Account Bills (RABs), and centage accounts via the KIIFB PMAS/PFMS portal.
• Audit Defense: Defend submitted bills and measurements against technical queries, object notes, and deductions raised by Special Purpose Vehicles (SPVs like INKEL, HITES, KSEB, WAPCOS) and the Chief Project Examiner (CPE) team.
• Extension of Time (EOT) \& LD Waiver: Draft legally watertight delay analysis reports (using as-built schedules) to secure formal EOT approvals and completely waive or recover Liquidated Damages (LD).
• Retention \& BG Release: Coordinate the formal release of retained amounts, performance guarantees, and bank guarantees post-handover, ensuring a clean financial exit.

Key Requirements

• Education: B.Tech / B.E. in Civil Engineering (Post Graduate qualification in Construction Law, Contracts, or QS is a strong plus).
• Experience Baseline: 15–20 years in building construction commercial management, with proven success in the closeout, final billing, and dispute settlement phases of high-value KIIFB or Kerala PWD projects.
• Contractual Mastery: Expert knowledge of CPWD-GCC clauses governing deviations, price escalations, final measurements, and closure timelines.
• Liaison Capabilities: High-level networking and negotiation skills to clear files with Government Chief Engineers, Finance Departments, and SPV leadership.

Pay

Up to ₹125,000.00 per month

Application Question(s)

• Out of your overall work experience, do you have minimum 5+ years experience in Project Closeout \& Financial Realization (KIIFB / Government Contracts) ?

Work Location

In person