Contracts Procurement Executive Jobs Opening in Blackstone Engineering Contract LLP at Andheri West, Mumbai

Key Responsibilities:

1. Finalization of Subcontracts:

• Subcontractor Pre-qualification & Selection: Identify and evaluate potential subcontractors based on criteria such as quality, reputation, financial stability, and compliance with safety standards. Engage with the legal and project teams to finalize selection.
• Negotiation: Lead the negotiation process with subcontractors to secure favorable terms that ensure cost-effectiveness, timely delivery, and high-quality service.
• Preparation of Subcontracts: Prepare, review, and finalize subcontract agreements, ensuring that all contractual terms and conditions are clearly defined, including scope, deliverables, timelines, quality standards, and payment terms.
• Variation Management: Manage any variation orders or changes to the scope of work, ensuring all amendments are documented and approved by all relevant parties.
• Tender & Budgets: Update the Tender Event Schedule periodically and ensure appointment of subcontractors to meet the overall project schedules. Also update Cost report to show the Committed Costs versus the budgets.

2. Procurement of Materials & Goods:

• Procurement Planning: Develop and execute procurement plans based on the project timeline, ensuring timely availability of materials, equipment, and supplies for construction work.
• Vendor Sourcing: Identify and evaluate suppliers and vendors for construction materials, tools, and equipment. Ensure that suppliers meet the project’s technical and safety standards while providing competitive pricing.
• Procurement Process Management: Oversee the entire procurement process, from issuing requests for quotations (RFQs) to negotiating contracts, creating purchase orders, and tracking deliveries to ensure timely arrival of goods.
• Budget Control: Manage procurement activities within the allocated project budget. Regularly track expenditures and identify cost-saving opportunities while maintaining the required quality and timeline.
• Material Quality Assurance: Ensure that all procured materials and goods meet the required specifications, quality standards, and are sourced from reliable and compliant vendors.
• Inventory Management: Track and monitor material inventory for ongoing projects to prevent stock-outs or overstocking, ensuring smooth project continuity.

3. Hiring Services (Subcontracted Services):

• Service Identification: Identify, source, and engage subcontractors and service providers for various construction-related services (e.g., transportation, labor, equipment rental, waste disposal).
• Contract Negotiation for Services: Negotiate terms and conditions for hiring services, ensuring alignment with project timelines and budget constraints.
• Vendor Management: Build and maintain relationships with service providers, ensuring that the services delivered are of the highest quality and are completed on schedule.
• Service Performance Monitoring: Monitor the performance of subcontracted services, ensuring compliance with contracts and the required project specifications. Address performance issues promptly and work toward resolution.
• Documentation: Ensure proper documentation of all contracts and agreements related to hired services, including scope, pricing, terms, and delivery conditions.

4. Budget Management & Cost Control:

• Procurement Budgeting: Work with the respective project manager/ / Operations Head to prepare and control procurement budgets, ensuring that all materials, goods, and services are procured within the allocated project budget.
• Cost Reporting: Track procurement expenses and provide regular reports on cost performance against the budget. Report any deviations and recommend corrective actions as needed.
• Cost Optimization: Identify opportunities for cost savings in procurement and subcontractor negotiations without compromising on quality or project timelines.

5. Contract and Process Compliance:

• Procurement Procedures: Ensure all procurement and contracting activities follow the company's internal policies, industry regulations, and legal requirements. Maintain up-to-date knowledge of procurement regulations and trends.
• Legal Compliance: Ensure that all procurement contracts comply with applicable local, national, and international laws, including safety, environmental, and labor laws.
• Audit and Documentation: Maintain accurate records of procurement contracts, orders, invoices, and other documents required for auditing and compliance purposes.

6. Coordination with Internal Stakeholders:

• Collaboration with Project Teams: Work closely with project managers, engineers, and other internal stakeholders to understand the project requirements, ensuring that procurement activities align with the construction project’s needs.
• Communication: Communicate procurement plans, contract terms, and schedules with relevant stakeholders, ensuring transparency and alignment throughout the project lifecycle.

7. Supplier and Subcontractor Relationship Management:

• Building Long-Term Relationships: Foster strong, long-term relationships with key suppliers, subcontractors, and service providers to ensure reliable and efficient delivery of goods and services.
• Supplier/Contractor Performance Reviews: Conduct performance evaluations for suppliers and subcontractors, ensuring they meet the project’s quality, safety, and timeline standards.

8. Risk Management & Issue Resolution:

• Risk Assessment: Identify and assess risks associated with procurement activities and subcontractor agreements. Develop mitigation strategies to reduce procurement-related risks, such as delays or cost overruns.
• Dispute Resolution: Address and resolve any procurement-related disputes with vendors, subcontractors, or service providers, ensuring minimal impact on the construction project timeline and quality.

1. What are the job requirements to apply for this Contracts Procurement Executive job position?
   
   • Ans: A candidate must have a minimum of fresher as an Contracts Procurement Executive


2. What is the qualification for this job?
   
   • Ans: The candidate can be a Graduate from any of the following: Diploma, Certificate Course (ITI), BE/B.Tech, MBA/PGDM
   
   
3. What are the salary requirements for this job?
   
   • Ans: The salary range is between 500000 and 900000 Yearly. The Salary will depend on the interview. This Contracts Procurement Executive is a Full Time in Mumbai.
   
   
4. What is the hiring Process of this job?
   
   • Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
   
   
5. This Contracts Procurement Executive is a work from home job?
   • Ans: No ,its not a Work from Home Job.
   
   
6. How many job vacancies are opening for the Contracts Procurement Executive position?
   
   • Ans: There are immediate 1 job openings for Contracts Procurement Executive in our Organisation.