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Senior Manager- Contracts & Commercial

Apraava Energy Private Limited · apraava.com
DelhiLead / Manager
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The job in short

Contracts and commercial management.

ProcurementComplianceLegal

Details

Found
33 d ago · posted 2026-08-25
Location
Delhi

Full 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 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. Building knowledge pool • 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 internal/external audit preparedness. • 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 • DECISIONS Decisions made by job holder As perthe defined authority matrix Approvals within the budgets defined and decision matrix Recommendations to or approval by superior Shortlisting of Vendors/OEMs/ Contractors for placing contracts for new/ ongoing projects Contracts management from award to closure • INTERACTIONS Internal Clients Roles you need to interact with inside the organization to enable success in your day to day work BD, Technical, O&M, Legal, Project – during contract finalization, issuance of amendment, contractor/vendor performance management External Clients Roles you need to interact with outside the organization to enable success in your day to day work OEMs/ Contractors to close out the contracts Govt bodies (CTUIL/PGCIL/CEA etc.) – Understanding needs, approvals during project development phase • DIMENSIONS Financial Dimensions • 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 • SKILLS AND KNOWLEDGE Educational Qualifications • Minimum Qualification: B.E./B.Tech. in Electrical, Mechanical, or Civil Engineering, and an MBA from a reputed institute. Functional Skills • 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 Relevant and total years of Experience • 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

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