Contract Specialist

September 17, 2024

Dar Al Riyadh

الرياض

CONTRACT

Responsibilities:

Assist in the preparation, review, and administration of various types of contracts, including procurement contracts, service agreements, and subcontractor agreements
Coordinate contract negotiations and revisions with vendors, suppliers, and subcontractors to ensure alignment with project requirements and company standards
Support the development of contract terms and conditions, pricing structures, and performance metrics to meet project objectives
Maintain accurate and up-to-date contract documentation, including contract files, amendments, and correspondence
Monitor contract performance and compliance throughout the contract lifecycle, identifying potential issues and proposing solutions
Collaborate with project managers and stakeholders to address contract-related queries, disputes, and changes in scope
Assist in the evaluation of vendor performance, delivery schedules, and quality standards to assess compliance with contractual requirements
Support the resolution of contract disputes, claims, and discrepancies in coordination with legal counsel and senior management
Contribute to the development and implementation of contract management processes, templates, and guidelines to enhance efficiency and consistency
Prepare reports and summaries on contract status, milestones, and risks for internal review and decision-making
Assist in the development and implementation of contract management strategies to streamline processes, enhance efficiency, and minimize risk
Participate in the preparation of request for proposals (RFPs), bid documents, and other procurement-related materials
Engage in market research and analysis to support the evaluation of potential vendors and suppliers
Collaborate with the finance and accounting teams to ensure timely and accurate processing of payments, invoices, and financial reporting related to contracts
Provide support in the preparation and submission of contract deliverables, reports, and compliance documentation to clients and regulatory authorities
Facilitate training sessions and workshops for project teams to enhance their understanding of contract management principles and procedures
Support in the development and maintenance of a contract database or repository for easy retrieval of contract-related information and documents
Contribute to the review and analysis of contract performance metrics, identifying trends, issues, and opportunities for improvement
Assist in the development of contract amendments, modifications, and extensions as required to meet project objectives
Act as a point of contact for internal and external stakeholders for inquiries related to contract terms, conditions, and obligations

Essential Requirements:

Bachelor's degree in business administration, contract management, or a related field
Minimum of 3 years of experience in contract administration, procurement, or related roles
Solid understanding of contract law, principles, and best practices
Proficiency in contract management software and tools
Strong analytical, communication, and organizational skills
Ability to work collaboratively in a team environment and manage multiple priorities simultaneously
Knowledge of project management concepts and processes is a plus