CAPEX Executive (Third-Party Payroll)

Nuvoco Vistas Corporation (Nuvoco); Ahmedabad District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Nuvoco Vistas Corporation (Nuvoco) is seeking an experienced procurement professional to lead capex procurement efforts in the Gujarat region. The role involves developing strategies, issuing RFQs, and managing vendor onboarding in SAP, to ensure timely delivery and cost control for capital projects.

You will work with project teams and senior management to prioritize Capex, monitor budgets, and drive supplier performance while upholding compliance and quality standards.

Responsibilities

• Develop and implement procurement strategies for capex aligned with company goals.
• Issue RFQs to approved vendors/contractors for offers; prepare comparative statements with major terms & guaranteed PGs.
• Prepare NFAs for approval and POs in SAP with vendor onboarding.
• Coordinate with stakeholders for timely resolution of disputes/requirements.
• Define Capex priorities with senior management within budget and timelines.
• Provide guidance on sourcing decisions to maximize value while maintaining quality and compliance.
• Identify, evaluate, and select suppliers for Capex goods and services.
• Negotiate contracts with suppliers for favorable terms, delivery schedules, and cost control.
• Manage supplier relationships and performance; conduct supplier audits and risk assessments.
• Draft, review, and negotiate contracts for capex procurement; monitor contract compliance.
• Collaborate with project teams to understand capex requirements and timelines; ensure timely procurement of materials and services.
• Prepare estimates and benchmarks to align procurement activities with approved budgets; monitor spending and report savings.
• Stay informed on market trends and provide insights on dynamics and opportunities.

Skills

End-to-end procurement

Job description

Role & responsibilities

1. Procurement Strategy:

• Develop and implement key procurement strategies specific to capital expenditure needs in alignment with company goals.
• Floating RFQs to approved vendors/contractors for getting offers to get evaluated & preparation of comparative statements with all major terms & guaranteed PGs.
• Preparation of NFAs for approval & POs in SAP system with onboarding of vendor.
• Close coordination with all key stakeholders (Internal & External) for timely resolution of disputes / requirements inline to Project.
• Work with senior management to define Capex priorities within allocated budget & TAT.
• Provide support/guidance on sourcing decisions to maximize value for the organization while maintaining quality and compliances.

2. Supplier Sourcing and Management:

• Identify, evaluate, and select suppliers for Capex-related goods and services.
• Negotiate contracts with suppliers to ensure favorable terms, delivery schedules, and cost control.
• Manage supplier relationships and performance, ensuring suppliers meet quality, delivery, and cost expectations.
• Conduct supplier audits and risk assessments as needed.

3. Contract Management:

• Drafting, review, and negotiation of contracts for Capex procurement, ensuring that all terms are in line with organizational goals and legal requirements.
• Monitor contract compliance throughout the project lifecycle.

4. Project Collaboration and Stakeholder Management:

• Work closely with internal teams (e.g., project managers, finance, engineering, and Site) to understand Capex requirements and timelines.
• Collaborate with cross-functional teams to ensure the timely procurement of materials and services required for Capex projects.
• Provide procurement expertise and support to project managers for efficient project execution.

5. Budget and Cost Management:

• Preparation of estimates & market benchmarkings to ensuring procurement activities align with approved budgets.
• Monitor and control Capex spending, tracking any deviations from the forecasted budget.
• Report on procurement-related Capex costs and savings, ensuring transparency and accountability.

6. Risk Management and Compliance:

• Ensure that all procurement activities related to Capex are compliant with organizational policies, regulatory requirements, and industry standards.
• Identify and mitigate risks related to supplier performance, contract execution, and project delivery.

7. Market Intelligence and Trends:

• Stay informed on market trends, new technologies, and developments within the industry that could impact Capex procurement strategies.
• Provide insights to senior management regarding market dynamics and potential opportunities or threats.

8. Reporting and Documentation:

• Maintain accurate procurement records for all Capex projects, including supplier agreements, contracts, and purchase orders.
• Prepare regular reports on procurement status, savings, and supplier performance metrics.

Preferred candidate profile

Someone who has handled end to end procurement