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 ini