1. PRINCIPAL ACCOUNTABILITIES
Accountabilities Major Activities Bidding
* Assist the bidding team in getting quotes, cost data from past projects for
capex finalization, as required
* Explore the possibility of establishing pre-bid arrangements or framework
agreements with key vendors to ensure timely engagement and competitive
commercial terms for upcoming projects.
Contracting
* Lead the team in formulating strategies for contracting when procuring goods
or services from various vendors after award of the project
* Lead in negotiations with the vendor within
the allocated budgetand project timeline.
* Preparation of the contract document and finalizing the same in alignment
with the company policies post discussion with technical, legal and project
team.
* Work closely with Engineering and Execution teamon project development
activities
Cost Variation and IRR Monitoring
* Highlight early warning signs of potential delays and communicate any
variances, along with their implication, as necessary.
* Monitor and track the actual cost to complete for all ongoing projects
against the approved project cost considered at the time of Business Case
approval.
* Identify cost overruns/underruns, assess the key drivers and provide timely
visibility to the management on the financial position of each project.
* Prepare and provide periodic IRR updates for all ongoing projects, comparing
the latest projected IRR against the IRR approved as part of the Business
Case.
* Highlight key variations and deviations, identify the underlying reasons and
financial/commercial drivers, and recommend and implement appropriate
corrective actions (with support and in-coordination with other teams) to
mitigate adverse impact on project returns and ensure alignment with the
approved Business Case.
Contract Management
* Manage project contracts from award to closure, ensuring compliance with
contractual terms, milestones, deliverables, and commercial obligations.
* Identify and initiate contra
📌 Senior Manager- Contracts (Delhi)
🏢 Apraava
📍 Delhi