Contract Specialist

• Location: Riyadh
• Ensures that the Sub-Contracts are made in line with KONE’s contract guidelines and
• policies

• Supports Project Manager and team in preparing a Project Execution Plan and

maintaining appropriate control processes defined therein.

• Fully understands the scope and terms of the main contract as well as sub-contracts,

including both KONE’s obligations to customer and subcontractor’s obligations to

KONE.

• Monitors KONE’s compliance with the contractual obligations throughout the contract

term.

• Monitors potential claims, including the following actions:
• Reporting of matters that are potentially harmful to KONE
• Keeping up-to-date records of these matters, e.g. variations to scope of works,

events that entitle to an extension of time under the contract

• Maintaining a filing system including all relevant documentation concerning

contractual and financial significance, e.g. identifying and maintaining a register of

contra charges.

• Supports Project Manager and team converting opportunities to real profitable

Variation Orders.

• Ensures all payments to and by KONE are made on time and ensuring all notifications

to third parties are made on time.

• Monitors the cost control and client change control processes.
• Maintains project forecast costs, revenue and profitability using SAP and business

reporting tools.

• Provides e.g. the following reports monthly:
• Liability statement (KONE’s gross liability in respect of each subcontractor)
• Cost/Value reconciliation (contract value measured against contract cost)
• Leads and co-ordinates project final account discussions with the customer.
• Resolves or assists Legal in resolving any contract disputes between KONE and the

customer and/or subcontractors.

• Follows changes in laws and regulations and advises on how they impact the project.