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 explicit files with Government Chief Engineers, Finance Departments, and SPV leadership.

Pay: Up to ₹125,000.00 per year

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

📌 Senior Commercial Manager – Project Closeout & Financial Realization (KIIFB / Government Contracts) (Kottayam)
🏢 Vellapally Constructions
📍 Kottayam