To accomplish its endeavour, it is prudent for Contracts and Procurement Team to consider what controls are necessary to ensure that the integrity of the Contract & Procurement process is well maintained.
Implementation of best practices for the contracts and procurement function with continued improvement towards Transparency.
To handle end to end activities for procuring goods and services in order to achieve timely completion and cost effective execution of Projects.
To identify opportunities, mitigate risks and leverage economies of scale across all types of Contracts and drive effective value engineering for maximizing cost advantage to the Organization
To implement and monitor adherence to Standard Operations Procedures (SOPs).
To ensure timely resolution of requisitions raised by Project teams/contractors with respect to Indents/Tenders/Variation Orders/Claims etc. to cater to the needs of the Project.
Internal Process Perspective
Implementation of Standard operation procedures pertaining to procurement function.
Provide inputs for creating effective and robust Contract Strategy in order to procure cost effective and quality services for the organization.
Vendor Development & Management
Conduct market research and identification of new vendors for all areas – Civil, Services, Consultancies, Purchase etc. that are handled by the Department.
To establish guidelines and criteria to carry out evaluation of new vendors to procure quality services for the organization.
Periodically review department MIS to analyze the efficiency of the contracting activities and initiate improvements.
The success of a Project largely depends on the timely execution of the Project within the budget. Contracts and Procurement function plays a key role in delivering this goal through a structured approach and contributes in the growth and success of the Organization.