Alexandru Trasca

« Lead annual and project specific budgeting cycles for EPC projects.
« Prepare rolling forecasts for project cost, revenue, cash flow, and margin
performance.
+ Validate assumptions related to material costs, subcontractor pricing,
manpower, equipment, and logistics.
« Ensure alignment of project budgets with contract terms, BOQs, and
execution schedules.
+ Build and maintain detailed project financial models covering:
+ Cost-to-complete (CTC); Earned value analysis (EVA); Cash flow projections
; Risk and contingency
+ Conduct scenario and sensitivity analysis for variations, delays, claims, and
scope changes.
+ Support bid/no-bid decisions and tender evaluations with financial insights
« Track actual project performance vs. budget, forecast, and baseline.
Analyze variances in material costs, subcontractor packages, engineering
hours, and construction productivity.
Identify cost overruns, schedule slippages, and margin erosion early.
Recommend corrective actions to project directors and senior management.
Review P&L, WIP (Work in Progress), and project profitability reports
Prepare detailed project cash flow forecasts aligned with payment
milestones.
+ Monitor accounts receivable, retention, advance recovery, and
subcontractor payments. Optimize working capital by coordinating
invoicing, certifications, and supplier payment terms.

Directed full lifecycle of high-budget Turnkey Projects from pre-biding to post-
award,
budget. Steered budget preparation, forecasting, and financial reporting,
ensuring accuracy and compliance with company standards. Streamlined
expense tracking and implemented cost-saving strategies, optimizing project
budget management. Fostered strong relationships with clients,
subcontractors and suppliers to enhance business partnerships. Managed all
contractual aspects, negotiated favourable terms with vendors and
contractors, and drove significant cost savings for various projects. Optimized Insurance Cost Management
cash flow by diligently monitoring accounts receivable and payable.
Contributed to bid preparation, including pricing and risk analysis, to secure Multi-Million Dollar Project
Oversight
new project contracts. Monitored market trends, competitors, and regulatory o
changes to identify opportunities and mitigate risks.| have extensive Client Relationship
experience working with international suppliers, consultants, and Management
authorities /clients (lie TAQA, TRANSCO and ADDC in Abu Dhabi) and Im very
familiar with FIDIC - based frameworks and EPC contractual structures for
power projects in UAE.
+ Increased project final value by AED 35 million through successful
submission and client approval of variation orders.
+ Directed all procurement and commercial operations for turnkey construction projects exceeding AED
500 million, ensuring seamless execution from pre-bid through contract close-out.
+ Developed and executed robust procurement strategies, leveraging advanced market analysis and
benchmarking to secure \[15-20% lower costs\] on critical materials and services.
+ Spearheaded full contract lifecycle management, negotiating high-value agreements with
suppliers/subcontractors to consistently achieve \[10-20% savings\] and mitigate supply chain risk.
+ Orchestrated supplier performance reviews and enforced rigorous KPIs, driving continuous
provement and delivering top-quartile supplier reliability scores.
+ Managed tendering, bid pricing, and risk analysis for complex projects, directly contributing to
successful contract awards for high-profile developments.
+ Championed cash flow optimization by negotiating 60-90 day postpaid terms, redu
by \[30%\] and maximizing working capital. g financing costs
+ Navigated UAE procurement regulations and construction material standards, ensuring full legal and contract.
compliance across all project phases.

Managed complex multi-millions USD Turnkey Project from pre-biding to post-award, ensuring timely and
cost-effective delivery. Oversaw preparation of financial forecasts and reports, upholding accuracy and
adherence to company standards. Directed procurement and commercial processes, setting objectives,
and implementing risk mitigation strategies. Negotiated, drafted, and administered contracts, optimizing
terms for the companys benefit. Analysed and compared supplier quotes to secure competitive pricing
and value. Implemented commercial strategies to align with organisational goals and enhance profitability.
Conducted risk assessments and developed strategies to minimise financial exposure.
+ Successfully led negotiations with suppliers and subcontractors, achieving a 16% reduction in project
expenses.
+ Negotiated postpaid payment terms of 60 to 90 days, enabling project financing without bank loans and
ensuring a balanced cash flow.
+ Implemented an enhanced Procurement and Commercial management system, resulting in a 16%
reduction in project costs.
+ Implemented risk mitigation protocols and advanced supplier vetting to safeguard project delivery and
financial performance.
+ Managed vendor relationships, conducted market research, and evaluated supp
maintain a competitive edge. + performance to
+ Achieved a 17% cost reduction in project policies by securing favourable terms with insurance
companies.
+ Increased project final value by 2 million USD through the approval of Project Variation Orders.
+ Assisted in winning tenders by contributing to bid preparation and risk analysis.

Managed procurement, commercial operations, and contract administration for EPC power and infrastructure projects, ensuring competitive pricing, strong supplier performance, and full compliance with contractual requirements.
Key Achievements & Responsibilities
• Managed contractor and supplier agreements to ensure full compliance with contractual terms, delivery schedules, and project requirements.
• Negotiated favorable terms with vendors and subcontractors, achieving significant cost savings and improving project profitability.
• Led supplier selection and evaluation, identifying high‑value, reliable vendors and maintaining strong long‑term relationships.
• Prepared commercial reports and recommendations for senior management, supporting strategic decision‑making and project planning.
• Conducted supplier and contractor evaluations, analyzing pricing, total cost of ownership, and performance metrics to ensure competitive procurement.
• Developed procurement objectives and timelines, identifying risks and implementing mitigation strategies to support project delivery.
• Collaborated with project directors and stakeholders to ensure adherence to schedules, commercial requirements, and financial targets.
• Developed and implemented commercial strategies aligned with company objectives, improving profitability and operational efficiency.
• Managed full contract lifecycle including drafting, negotiation, administration, and claims handling to protect project margins.
• Conducted risk assessments and developed mitigation plans to reduce financial and operational exposure.
• Monitored market trends, competitor activity, and regulatory changes to identify opportunities and threats.
• Ensured compliance with legal, regulatory, and company standards across all commercial and procurement activities.
• Participated in bid preparation for new projects, contributing pricing, risk analysis, and commercial insights to secure new contracts.

Supported project finance, commercial operations and contract administration for EPC and infrastructure projects, ensuring accurate budgeting, strong financial controls, and effective vendor management.
Key Achievements & Responsibilities
• Optimized project cash flow by managing accounts receivable/payable, ensuring timely collections, payments, and accurate reconciliation of bank accounts.
• Developed annual budgets in coordination with department heads, aligning resource allocation with project and organizational objectives.
• Monitored budget and revenue trends, preparing financial reports for senior leadership to support strategic decision‑making.
• Managed contractual activities including drafting, negotiation, administration, and compliance monitoring to protect project margins.
• Supported bid preparation for new projects, contributing pricing analysis, risk assessment, and commercial insights.
• Conducted supplier and contractor evaluations, comparing quotes, analyzing total cost, and ensuring competitive pricing and quality.
• Negotiated favorable terms with vendors and subcontractors, achieving cost savings and strengthening commercial outcomes.
• Collaborated with project managers and cross-functional teams to ensure adherence to project timelines, financial targets, and commercial requirements.
• Set procurement objectives and timelines, identifying risks and implementing mitigation strategies to support project delivery.
• Processed invoices and coordinated payment cycles, ensuring accuracy, compliance, and timely disbursement.
• Managed payroll processing, ensuring timely salary payments in compliance with tax regulations and labor laws.
• Implemented expense tracking and cost reduction measures, improving budget control and financial visibility.
• Maintained strong relationships with suppliers, contractors, and internal stakeholders to support project execution and commercial performance.

Managed day‑to‑day project accounting activities for EPC construction projects, ensuring accurate recording of costs, revenues, and financial transactions.
• Prepared and monitored project budgets, cost reports, and financial forecasts in coordination with project managers and commercial teams.
• Tracked project expenditures, commitments, and cost allocations for materials, labor, subcontractors, and equipment.
• Supported preparation of Interim Payment Certificates (IPCs), subcontractor payments, and client invoicing.
• Assisted in BOQ‑based costing, re‑measurement updates, and verification of quantities for billing and cost control.
• Conducted variance analysis between budgeted and actual costs, identifying deviations and recommending corrective actions.
• Maintained accurate WIP schedules, cash flow projections, and project financial statements.
• Ensured compliance with internal financial policies, contractual requirements, and audit standards.
• Coordinated with procurement, site teams, and commercial departments to validate financial data and support project reporting.
• Prepared monthly and quarterly financial reports for senior management, highlighting project performance and financial risks.

Prepared bank reconciliations monthly to identify potential discrepancies between company records and bank statements. « Prepared journal entries and entered system. « Generated and submitted invoices based upon established accounts receivable schedules and terms. «Increased efficiency in accounts payable processing by verifying vendor invoices against purchase orders and contracts. « Assisted with preparation of monthly financial statements.