Procurement Manager

5 days ago

Chennai Head Qrs, India Larsen & Toubro Ltd Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Procurement

  • Oversee the administration of subcontractor payments, instructions, contract negotiations and variations in order to limit financial exposure and ensure performance of subcontractor obligations.
  • To administer contractual and client deliverables and undertake adequate reporting in order to advise management of potential exposures.
  • To supervise departmental accounting and finance staff in order to ensure the accuracy of reporting of financial data and commercial controls.
  • To oversee the preparation of subcontracts, consultancy agreements, purchase orders etc in order to ensure construction activities progress according to scheduled timelines and budget.
  • To oversee the implementation and undertake monitoring of Company procedures relating to Commercial matters in order to ensure project compliance and procedures.
  • To liaise with project staff and departmental staff (construction, design, and engineering) in order to be aware of possible delays, exposure, alteration to cost/value etc.
  • To prepare monthly financial reports for project status in order to enable the Company to address any operational issues or undertake appropriate adjustment for financial result for the project.
  • Oversee preparation of subcontract enquiry documents including bills of quantity, incorporate standard terms and drafting of special conditions
  • Review of Sub-Contract tenders, supply quotations including negotiation of prices and recommendation of awards.
  • Review and certify Sub-Contractors, Suppliers and Consultant application for payment
  • Calculate and evaluate Sub-Contractor payment certifications
  • Calculation and notification of the costs of variations from Subcontractors
  • Evaluation of Subcontractor final accounts
  • Advise and identify potential "claim" situations Finalizing the terms and conditions of the main contract, including price, performance bond, advance payments
  • Draft terms of Sub-Contracts, supply agreements, design consultancy agreements
  • Liaise with Legal Officer and Regional Manager to ensure compliance with relevant country legislation.
  • Undertake settlement of Subcontractor final accounts including negation of variations and claims
  • Draft responses to subcontractor correspondence of a financial or contractual nature
  • Preparation in conjunction with PD and PMs project budget
  • Prepare project cash flow forecast

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