Description
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 ini

📌 Senior Manager Contracts Delhi
🏢 Apraava
📍 Delhi