Contracting Finance has long been recognized as one of the highest risk industries for commercial bank lending. However, well-managed successful contracting businesses can and do make bankable customers if risk is properly assessed and monitored.Therefore,Assessing a contractor's technical capability, Monitoring the technical progress of the project, and Picking up signals of project lag/distress Investigate delay in payments of PPCs. Strong contacts with project consultants and concerned officials will enable meaningful outcome of the investigation.
- Prepare 'Technical Capability Report' on a Contractor. The report, among other factors, will include:
- Technical ability of Management, including history of project execution
- Equipment, Technical Manpower, and Labour resources availability
- Organizational systems, procedures, and controls in Estimation and Bidding of Contracts
- Organizational systems, procedures, and controls in tracking of Project progress, Variances, Claims, and Cost to complete in contracts.
- Technically rank contractors on the basis of Top Tier, Mid Tier, and Bottom Tier.
- Single Project Workload / Overall workload capability.
- Prepare 'Project Analysis Report' of a proposed project financing. The report, among other factors, to include:
- Contractor's technical ability to perform the specific project, including past history of performance in comparable projects.
- Project work execution program, and contractor's ability to complete the project on time and within budget, considering current overall workload and technical resource availability.
- Cost components of Contractor's bid price, and compare with losing bids.
- Contractor Cash Flow reasonableness vis-à-vis prevalent / expected costs and proposed work execution program
- Prepare 'Project Progress Report' on a running project. The report, among other factors, to include:
- Visit / Liaise with Project Manager, Client Rep, Consultant to assess project progress
- Evaluate PPC progress vis-à-vis Physical completion. Compare with project execution program
- Track variations, claims, penalties, liquidated damages, disputes, and project cost to complete - all of which can have financial impact on the Contractor.
- Keep updated Market Knowledge / Market intelligence:
- Track Material, Labour, and Equipment price trends and availability.
- Generally track Contractor's performance on other projects - even if not financed by MB.
- Use market intelligence to advise on specific contractors, paymasters etc.
- University Graduate in Engineering preferably Civil Engineering.
- 5 years & more experience in a respectable Contracting / Consultant's firm (with significant field experience).
- Experience across various facets of Civil Engineering and other disciplines.
- Good Inter-personal skills to deal with a broad spectrum of clients / consultants / owner rep etc
- Strong Technical knowledge / understanding
- Problem identification / problem solving
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