Commercial Manager - Hyperscale Data Centre Projects

Job title: Commercial Manager - Hyperscale Data Centre Projects

About the Role We’re looking for an experienced Commercial Manager with a strong Quantity Surveying / Construction Cost Management background to manage the commercial and contractual aspects of Nscale’s hyperscale Data Centre projects in the UK & Europe. Reporting to the Commercial Director, you will oversee procurement, cost control, forecasting, contract administration, and financial reporting from pre-contract through to final account. You will work collaboratively with Development, Design, and Construction teams to ensure that each project is delivered on budget, on time, and in full compliance with contractual and governance requirements.

What You'll Do

• Lead the commercial management of major hyperscale data centre construction projects, ensuring delivery within approved budgets, timelines, and Nscale standards.
• Drive cost efficiency and value creation, optimising expenditure while maintaining financial discipline, commercial control, and alignment with business and project objectives.
• Own and manage detailed project budgets and CAPEX models, providing accurate financial data and scenario analysis to support decision-making.
• Prepare and deliver detailed cost reports, forecasts, and cash flow analyses, ensuring accuracy, transparency, and timely insight into project financial performance.
• Conduct budget preparation and benchmarking exercises, including detailed cost modelling and comparative analysis, and review outcomes with senior management.
• Analyse and present cost reports to senior management, providing commentary, trend analysis, and recommendations to inform executive decision-making.
• Manage project costs throughout the lifecycle, including cost validation, variations analysis, value engineering, and cost-saving initiatives to enhance overall project value.
• Oversee financial close-out processes, including reconciliation of budgets, settlement of vendor accounts, and completion of all final commercial documentation.
• Manage and provide guidance on commercial change management, including change evaluation, negotiation, and approval in line with contractual and governance requirements.
• Lead commercial risk management activities, identifying and mitigating risks proactively, maintaining live risk registers, and implementing strategies to minimise exposure.
• Collaborate cross-functionally with Development, Construction, Finance, and Operations teams, ensuring that commercial objectives are aligned with design, schedule, and operational goals.
• Stay informed on regional market trends, cost indices, and regulatory developments, applying insights to continuously refine Nscale’s commercial approach and maintain best-in-class delivery standards.

What We're Looking For

• 7+ years’ experience in forecasting, cash flow management, cost control, and profitability across complex Construction projects/portfolios, with experience within Data Centres.
• Degree-qualified in Quantity Surveying, Commercial Management, or a related discipline; MRICS or equivalent professional accreditation advantageous.
• Proven track record of delivering profitable projects and optimizing commercial performance.
• Able to engage effectively across regions, time zones, and disciplines.
• Adaptable, proactive, and energised by working in a high-growth, fast-paced, entrepreneurial environment.
• Fluency in English required; other European languages a plus.

Nice to Have

• MRICS or equivalent professional accreditation advantageous.

Compensation & Benefits

• 25 days holiday + bank holidays (33 days total).
• Highly competitive compensation including ESOP (equity options).
• Progression opportunities – we grow, you grow.
• Hybrid / remote working options with ~25% travel to project sites across UK & Europe.
• Be part of a fast-moving, high-growth Necoloud company driving and delivering sustainable, next-generation AI infrastructure.