Senior Manager- Contracts & Commercial

• 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.

• 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

• 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.

• Manage project contracts from award to closure, ensuring compliance with contractual terms, milestones, deliverables, and commercial obligations.
• Identify and initiate contract amendments due to scope changes, quantity variations, timeline changes, and other project requirements.
• Lead the evaluation, negotiation, approval, and execution of amendments while ensuring proper documentation and alignment with the approved business case.
• Monitor contractor performance against contractual requirements, including scope, schedule, quality, HSE, payments, LDs, warranties, and guarantees.
• Coordinate with Project, Engineering, Procurement, Finance, Legal, and other stakeholders for timely resolution of contractual and commercial matters.
• Ensure timely contract closure, including final quantity and payment reconciliation, settlement of claims, release of securities/retention, completion certificates, and closure of outstanding obligations.

• Creating and maintaining the comprehensive costdata base for major supply items
• Collect information from different stakeholders in the sector about recent market happenings andpresent to team,the impact of these developments on business.
• Keep a track of past trendand future outlookof the commodity prices of the commodity that impact business.

• Ensure creation and maintenance of project documentation on a periodic basis
• Ensure audit preparedness by adhering to standardized business processes and supporting availability of all required documents
• Support in Internal reporting at India/ Group level- MD update / Quarterly PIO update and other Reporting documents.
• Contribute to various other cross-functional initiatives at India and Group-level to improve internal processes and enhance system agility

Shortlisting of Vendors/OEMs/ Contractors for placing contracts for new/ ongoing projects

Contracts management from award to closure

• Responsibility of the following dimensions

Close the Contract for all the new/existing projects within the approved business case

Average cycle to close contracts for new project ~3months

• Minimum Qualification: B.E./B.Tech. in Electrical, Mechanical, or Civil Engineering, and an MBA from a reputed institute.

• Good understanding of the Indian PowerIndustry with a knowledge of the powervalue chain
• In depth understanding of technical &commercial aspects of transmission and renewable business
• Understanding of the contracting frameworks in T&D space
• Understanding of Bid Processes for T&D projects
• Experience in handling Substation and Transmission line projects
• Sound negotiation skills
• Analytical thinking
• Communication and Influencing Skills
• Presentation skills
• People agilityand interpersonal skills
• Teamwork
• Execution excellence

• Overall experience: 10+ years in Business development/Contracts/Project coordination/ Supply chain Management for Transmission Projects/ infrastructure projects
• Specific experience: Min 5 yearsof experience in Contracting of Transmission projects in India