incharge contracts & financial concurrence

 Define clear pricing models, payment terms, penalties, incentives, and tax implications to prevent
financial disputes.
 Assist in the preparation of tenders and bids, ensuring cost competitiveness while maintaining
profitability.
 Negotiate payment milestones to align with project progress and cash flow needs of the shipyard.
 Verify that contract deliverables and payments are synchronized, preventing revenue leakage or
delayed receivables.
 Approve commercial proposals and contracts requiring expenditure of the Projects or Capital and
revenue nature of expenses.
 Evaluate commercial aspects of tender issued by the customers, participating in price bid meeting
and vetting of bidding proposals submitted by various customers.
 Review recommendations in proposals to extensions of delivery times and waiver of LD Clauses.
Financial Planning and Regulatory Compliance
 Conduct detailed cost analysis before finalizing contracts to ensure financial feasibility.
 Evaluate direct and indirect costs, including materials, labor, overhead, and subcontracting
expenses.
 Define and enforce payment terms, advance payments, and milestone-based billing structures.
 Provide insights on cost-saving opportunities, pricing strategies, and financial impacts of contracts.
 Ensure contracts comply with financial regulations, tax laws, customs duties, and maritime trade
policies.
 Oversee financial concurrence against lost goods or receipt of damaged goods.
Risk Management
 Identify and mitigate financial risks related to contractual obligations, exchange rate fluctuations,
penalties, and late payments.
 Ensure that contingency plans are in place for financial uncertainties such as cost overruns or
contract cancellations.
 Monitor potential breach of contract risks that could result in financial losses or legal disputes.
 Support procurement by conducting assessment on financial viability of vendor firms before they are
considered for registration.
 Scrutinize proposals to determine validity of all clauses having financial implications such as those
relating to variation of standard conditions of contracts or inclusion of any provision in contract
involving uncertain liability or of any condition unusual character leading to material alteration of
any terms of the contract after it has been entered.
Contract Execution
 Manage change orders, contract amendments, and cost adjustments for project modifications.
 Handle financial claims, liquidated damages, and penalty provisions if contractual obligations are not
met.
 Ensure that financial claims for project delays, variations, or contract terminations are properly
documented and pursued.

experience

10