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- Tasks: Lead contract management projects worth up to $500 million and oversee contract specialists.
- Company: Join a dynamic team focused on innovative contract solutions.
- Benefits: Competitive salary, career development opportunities, and a collaborative work environment.
- Why this job: Make a significant impact in contract management while developing your leadership skills.
- Qualifications: Experience in contract management and strong communication skills required.
- Other info: Opportunity for growth in a fast-paced, supportive environment.
The predicted salary is between 54000 - 84000 £ per year.
In a lead role, can lead projects or segments of projects with contract values up to $500 million 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.
Responsibilities
- Assist and ensure the preparation of Pre-Contract Award:
- Support non-legal qualifications to the Contract as part of the bid submission, alignment of terms and conditions with project documentation such as scope, execution strategy, schedule, administration, etc. and identification of any relevant lessons learned from historical projects.
- Contract Management Set Up Schedule – 30 Days
- Project Contract Summary
- Internal Contracts Kick Off Meeting
- Prime Contracts Management Plan / Commercial Management Plan / Opportunities (Project Profit Maximization Plan)
- Project Execution Plans and Functional Procedures
- Contract Notices and Deliverables Matrix
- Contract and Commercial Awareness Workshop
- Contractual Alignment
- Contract Records Management / Documentation
- Client Billing
- Insurance certification
- Letters of Credit, Bonds, Payment Guarantees, Parent Company Guarantee
- Flow Down Provisions for Procurement and Subcontract Management
- Monthly Review Contracts/Commercial Management Plan
- PMR Attendance/Monthly Project Functional Meetings/ Monthly Legal Meeting
- Contracts Awareness and Training Monthly Sessions
- Contract Change Notices
- Contractual Letters
- Contract Milestones
- Contract Schedule Changes
- Customer Contractual Correspondence
- Fabrication Progress Reports/Construction Progress Reports/Vessel Progress Reports
- Project Opportunity and Risk Matrices
- Close out of Client Billing
- Close out of Insurance
- Coordinate with Contracts Director / Senior Contracts Director on workloads and resources
Principal Contract Management Spec employer: McDermott International, Ltd
Contact Detail:
McDermott International, Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Contract Management Spec
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Principal Contract Management Spec role.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their projects. We recommend practising common interview questions related to contract management and being ready to discuss your past experiences. Show them you’re the perfect fit for managing those big contracts!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We suggest mentioning something specific from your conversation to remind them why you’re the best candidate for the job.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you along the way. Plus, applying directly shows your enthusiasm and commitment to joining our team in managing those hefty contracts.
We think you need these skills to ace Principal Contract Management Spec
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Principal Contract Management Spec role. Highlight relevant experience and skills that align with the job description, especially around contract management and project execution.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific projects or experiences that demonstrate your ability to manage contracts effectively.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements in previous roles. Use numbers and examples to illustrate how you’ve successfully managed contracts or led projects in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at McDermott International, Ltd
✨Know Your Contracts Inside Out
Make sure you’re well-versed in contract management principles and the specific responsibilities outlined in the job description. Brush up on your knowledge of contract negotiation, risk management, and compliance to show you’re ready to hit the ground running.
✨Showcase Your Leadership Skills
As a Principal Contract Management Specialist, you'll be leading teams. Prepare examples of how you've successfully managed projects or led teams in the past. Highlight your ability to mentor graduate trainees and collaborate with various internal functions.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about challenges you've faced in contract management and how you resolved them. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Build Rapport with Interviewers
Establishing a positive relationship is key in this role. Be personable and engage with your interviewers. Ask insightful questions about their experiences and the company culture to demonstrate your interest and fit for the team.
