Contracts Manager

Job Title: Contracts Manager Real Estate
Location: Mumbai
Department: Projects / Contracts / Procurement
Reporting To: Project Head / Director
Job Summary
We are seeking an experienced Contracts Manager to oversee and manage all
contractual and commercial aspects of our real estate and construction projects. The
role involves drafting, reviewing, negotiating, and administering contracts, ensuring cost
control, minimizing risks, and supporting smooth project execution.
Key Roles & Responsibilities
1. Contract Drafting & Documentation


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Draft, review, and nalize construction contracts, subcontract agreements,
consultancy agreements, and vendor contracts
Prepare and issue LOIs (Letter of Intent), work orders, purchase orders, and
service agreements
Ensure contracts are aligned with project scope, timelines, and company
policies
Maintain proper contract documentation and records
2. Tendering & Procurement Management
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Prepare and manage tender documents, BOQs, and bid packages
Invite, evaluate, and compare contractor/vendor quotations
Coordinate with project, design, and procurement teams for vendor nalization
Recommend suitable contractors based on technical and commercial
evaluation
3. Commercial Negotiation
Lead contractual and commercial negotiations with contractors and vendors
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Finalize terms related to pricing, payment schedules, penalties, timelines, and
scope of work
Ensure cost-eective and risk-free agreements
4. Contract Administration & Execution
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Monitor and ensure compliance with contract terms and conditions
Track project milestones, deliverables, and timelines
Coordinate with site teams for smooth contract execution
Maintain contract registers and status reports
5. Billing, Cost Control & Variations
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Review and certify RA Bills (Running Account Bills) and nal bills
Monitor project costs against approved budgets
Handle variation orders, extra items, and change orders
Ensure proper documentation and approvals for all cost changes
6. Claims & Dispute Resolution
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Manage contractual claims, disputes, and escalations
Analyze claims related to delays, cost overruns, and scope changes
Coordinate with legal team for arbitration or litigation matters
Ensure timely and eective dispute resolution
7. Compliance & Risk Management
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Ensure adherence to contractual obligations, legal requirements, and company
policies
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Identify contractual risks and implement mitigation strategies
Ensure audit readiness and compliance with internal/external audits
8. Coordination & Reporting
Work closely with project, design, nance, and legal teams
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Provide regular updates on contract status, risks, and cost impact
Support management in decision-making with accurate data and reports
Eligibility Criteria
Education
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Bachelors degree in civil engineering
Additional certication in contracts management is an advantage
Experience
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1018 years of experience in contracts and commercial management
Strong exposure to real estate and construction projects
Experience in handling large-scale residential/commercial projects
Key Skills & Competencies
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Strong knowledge of construction contracts, BOQ, and tendering processes
Expertise in commercial negotiation and cost control
Understanding of legal and contractual frameworks
Analytical thinking and attention to detail
Strong coordination and communication skills
Compensation
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12 LPA to 25 LPA (depending on experience and project scale)
Key Performance Indicators (KPIs)
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Cost savings achieved through negotiations
Timely nalization of contracts
Reduction in contractual risks and disputes
Accuracy in billing and cost control
Vendor/contractor performance management

Additional Requirements
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Experience in redevelopment projects / society projects preferred
Familiarity with RERA-related contractual requirements
Ability to work under pressure and manage multiple projects
Role Value
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Ensures strong contractual control and cost eiciency
Minimizes risks and legal exposure
Supports timely and smooth execution of projects