Rate Contracts Professional

24 hours ago


Chennai Tamil Nadu, India Larsen & Toubro Full time

Rate Contracts Professional

LNT/RCP/1337839

DC-Divisional CorporateChennai
- Posted On
- 19 Apr 2025
- End Date
- 16 Oct 2025
- Required Experience
- 6 - 10 Years

**Skills**:
Knowledge & Posting Location

PROCUREMENT

CONTRACTOR MANAGEMENT

CONTRACTOR LIAISON

BULK MATERIAL HANDLING

Minimum Qualification

PROGRAM IN PROJECT MANAGEMENT LEVEL -1

**Job Description**:
**Role**

Supply chain / Procurement role in Central Materials department to service 600+ project locations across India. Central material does strategic procurement of major commodities like Steel, Cement, Fuel, Frame Agreements ( Rate Contracts), Capital goods, IT Hardware and software and EXIM operations for L&T Construction.

**Responsibilities**:

- Strategic sourcing and cost-effective procurement through Annual Rate Contracts (ARC) for PAN L&T requirement.
- Capture and realize new ARC opportunities.
- Establish strategic partnership with suppliers on PAN India & PAN L&T basis to ensure long term collaboration and cost efficiency.
- Establish Price Variation Formula to capture price volatility.
- Perform market intelligence, vendor base enhancement, vendor evaluation and due diligence.
- Stakeholder Management including Leadership Management and Vendor Management.
- Procurement Excellence through governance and compliance, standardization of specifications, process improvement and adherence to Annual Rate Contract.
- Co-Ordination with various divisions of L&T for smooth running of ARCs.
- Adoption of Rate Contract items on E-Commerce platform “ConKart” and its development and upgradation to enhance its effectiveness.
- Upgradation and maintenance of Power BI Dashboard for monitoring adherence, spend and compliance to ARC.
- Upgradation and maintenance of E-Commerce platform “ConKart” for best User Experience. Upgradation and maintenance of Chatbot for ConKart.



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