This role is critical in ensuring that goods, services, and subcontracted works are sourced in a cost-effective, timely, and compliant manner.
The role is also responsible for contract development, negotiation, risk management, and ensuring all contractual obligations are fulfilled.
Core Responsibilities
- Procurement Strategy and Planning
- Develop and implement comprehensive procurement strategies for projects or corporate needs.
- Prepare procurement plans aligned with project schedules, budgets, and specifications.
- Analyze market trends, supply risks, and/or cost indicators to make informed sourcing decisions.
- Identify preferred suppliers and procurement strategies (e.g., open tender, RFQ).
- Tendering and Sourcing Process
- Coordinate with technical, commercial, and contract teams to prepare clear and complete bid documents.
- Manage prequalification of vendors and suppliers.
- Evaluate technical and commercial proposals using structured bid evaluation criteria.
- Prepare bid evaluation reports and secure internal approvals (e.g., Tender Boards).
- Contract Negotiation and Drafting
- Draft and review various contract types (e.g., lump sum, cost-reimbursable, EPC, subcontracting, unit rate agreements).
- Lead negotiations on pricing, delivery, payment terms, performance guarantees, warranties, liabilities, and dispute resolution mechanisms.
- Ensure contracts include robust clauses on scope of work, change management, termination, and applicable law.
- Use industry-standard contracts (e.g., FIDIC, PAM) when appropriate.
- Contract Management and Administration
- Maintain and update a contract register (e.g., milestones, renewals, close-outs).
- Monitor contractor performance against KPIs, deliverables, and payment terms.
- Manage contract variations, change orders, extensions, and amendments.
- Administer all client claims, including but not limited to down payments, progressive claims, variation orders, extensions of time, and dispute resolution processes in coordination with legal and project teams.
- Ensure contract close-out procedures are followed, including final account settlement.
- Vendor and Stakeholder Relationship Management
- Build and maintain effective relationships with suppliers, contractors, consultants, and stakeholders.
- Conduct regular performance reviews and supplier audits.
- Ensure supplier compliance with legal and regulatory standards.
- Budgeting and Cost Control
- Work with finance to monitor procurement budgets and spending.
- Identify and implement cost-saving opportunities through strategic sourcing and value engineering.
- Track cost commitments and forecasts to ensure alignment with project budgets.
- Risk Management and Compliance
- Identify contractual and procurement risks and develop mitigation strategies.
- Ensure procurement practices align with company policies, regulatory standards, and audit requirements.
- Reporting and Documentation
- Prepare regular procurement and contract reports (e.g., contract status, variation log).
- Maintain complete procurement and contract files.
- Provide updates to senior management on procurement progress.
Requirements
- At least a Bachelor’s Degree / Post Graduate Diploma / Professional Degree in Marketing, Business Studies/Administration/Management or equivalent.
- Knowledgeable in FIDIC, PAM, and other contracts.
- At least 10 years of experience in a related field.
- Strong communication and negotiation skills.