Procurement Specialist
1 month ago
We are seeking a highly skilled Procurement Specialist to join our team at Larsen & Toubro. As a key member of our procurement department, you will be responsible for ensuring adherence to established contracts management procedures.
The ideal candidate will have experience in drafting agreements and contracts, as well as a good working knowledge of indirect taxation. Additionally, they should have handled insurance claims and have experience in claims management.
Key Responsibilities:- Review and analyse tender documents from a commercial and contractual perspective
- Prepare proposed risk mitigation plans from a contractual point of view
- Analyse reasons for delays and disruptions, identify client-related reasons, and issue notifications and change orders to the client in consultation with the Project Manager
- Support the Project Manager in all contractual discussions with the client
- Develop an understanding of internal workings of owner/client's project management and other departments (like Legal, Finance, Operations) to ensure effective discussion/resolution of contractual claims
- Identify insurance requirements for the project, monitor renewal, and closure of insurance policies
- Provide inputs on local tax laws, IMPEX, INCOTERMS, FIDIC, etc. to the Project Manager
- Obtain validation on legal review from the Legal function
- Participate in pre-bid meetings and negotiations with clients, seek commercial clarifications
- Support the project team on contract administration throughout the project lifecycle (change orders, scope extensions)
- Bachelor's degree in a relevant field
- Minimum 5 years of experience in procurement or contract management
- Experience in drafting agreements/contracts
- Good working knowledge of indirect taxation
- Handled insurance claims
- Experience in claims management
The salary for this position is estimated to be around ₹10,00,000 - ₹15,00,000 per annum, depending on qualifications and experience.
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