Job Description
Purpose
To oversee the financial aspects of ACT projects by managing and controlling resources, utilising technical expertise and negotiation skills to achieve best value, ensuring contractual compliance, preparing procurement schedules and cost estimates, and handling contract execution and obligations. Key responsibilities include the issue of accurate monthly applications and payment notifications, monitor project progress, and provide financial reports to support decision-making in alignment with ACT's commercial goals and company values.
Why ACT?
* 23 Days Holidays (3 to be taken during the Christmas shutdown period).
* Birthday Leave – 1-day additional leave to be taken to celebrate your birthday.
* Length of Service Leave – You will receive 1 day holiday on top of your entitlement for every year that you have worked, up to 5 additional days.
* Wellhub Membership.
* Vitality Healthcare.
* NEST Pension scheme – ACT contribution of 3%.
* Strong company culture with regular events and celebrations.
Key Responsibilities
General
• Deliver accurate and high-quality communication and reporting. • Actively participate in site meetings, offering a Can-Do and solution-based approach to providing commercial input and making decisions.
• Collaborate with Project Managers and Site Managers, providing commercial support to the site team.
• Assist in contractual matters with Integrity, demonstrating honesty, transparency, and fairness.
• Follow company procedures, displaying a Commitment to excellence in all areas of the business.
• Show attention to detail, timely work, and embodying our value of Passion for quality work. Cost Control
• Ensure the commercial success of projects, driven by a Passion for what we do and a Commitment to excellence.
• With Integrity and Transparency, assess and report on the financial success of projects, including forecasting costs, incoming revenue, and profit margins.
• Prepare cost valuation reconciliation reports and lead monthly CVR meetings
• Produce and maintain project cash flow reports
• Manage client team & subcontractor valuations, variations, and final accounts with a Loyalty to “the ACT way”.
• Monitor subcontractor liabilities, identify risks within the project and areas where value could be increased.
Head Contract Responsibilities
• Manage all commercial aspects of the head contract with a Can-Do, solution-based approach.
• Prepare and submit Head Contract Valuations on Time
• Prepare and submit Loss and Expense claims in line with contractual requirements
• Understand the Contract Pricing Document/Contract Sum Agreement in depth.
• Prepare and submit Variation Orders, showing Loyalty to "the ACT way" by delivering the final account for the project once all subcontractor accounts are settled.
• Notify, communicate clearly and in a timely manner with the client team of any cost related changes
Sub-contractor Responsibilities
• Procure subcontractor packages in line with the project procurement schedule requirements.
• Establish and manage contractual agreements with sub-contractors, ensuring compliance with contract terms and project timelines.
• Complete subcontractor valuations based on site work and manage subcontractor variation account.
• Develop good working relationships with subcontractors and assess their risk profile by carrying out credit checks and reviewing insurances.
• Ensure interim payments are received in time for upstream valuations, hold meetings to agree variations, and obtain subcontractor insurances.
• Participate in Subcontractor Pre-start meetings, carry out mid project and post project reviews with Subcontractors
Communication
• Promote a Can-Do culture through all communications, embodying a solution-based approach.
• Maintain professional communication with all stakeholders, demonstrating Integrity, honesty, and transparency.
• Collaborate with the PQS to resolve any commercial or contractual issues and assist the Project Manager in preparing and issuing notifications in line with contract requirements.
• Conduct weekly meetings with the site team to maintain close collaboration and coordination between site and commercial items
Document Control
• Must have thorough knowledge and understanding of Tender/Contract Documents and drawings.
• Review and analyse new drawings, RFI’s, and CVI’s during the project to capture changes, embodying a Can-Do, solution-oriented approach.
• Complete measures and material take-offs based on drawings and specifications issued
• Collaborate with the Document Control Manager to provide details of new subcontractors to ensure Procore project directory is up to date.
• Ensure subcontractor insurance information is kept up to date within Procore
Tendering
• Tender packages to submit complete and accurate costs.
• Manage subcontractor queries during the tender process
• Carry out Subcontractor Pre-qualifications during tender process Training
• Show Passion for learning by continually developing knowledge and skill set
• Have competency in Excel, Procore and Bluebeam
• Understand JCT Contract, Insurance Types, Bonds & Warranties, VAT, CIS labour & materials, IT, H&S, and leadership/management of peers.
• Learn about contractual knowledge, chairmanship/minute taking, time management, report writing, technical construction knowledge, and negotiation training.
Operations & Maintenance (O&M)
• Ensure O&M requirements are clearly defined in the subcontract order.
• Carry out a mid-term follow-up relating to O&M during the subcontract.
• Ensure O&M content is delivered to the project at or before the final subcontract account.
'ACT Developments London Ltd is an equal opportunity employer that is committed to diversity and inclusion. We encourage all applications irrespective of gender, race, sexual orientation, religion, age, nationality, marital status, and disability. We believe that diversity is at the heart of innovation and we welcome passionate candidates from all backgrounds.'