Job SummaryThe contract specialist position is responsible for performing contract assignments in support of local or centralized procurement activity or in the audit/review of that activity.
Key Responsibilities
- * Negotiate with suppliers to develop, finalize, and manage procurement contracts, including extensions, terminations, and renegotiations to achieve optimal terms and conditions.
- Assist in the preparation of procurement proposals and coordinate activities involved in formulating competitive bid submissions.
- Monitor and evaluate contract performance to assess the need for amendments or extensions, ensuring full compliance with contractual obligations.
- Approve or reject requests for deviations from contract specifications, delivery schedules, or terms, maintaining the integrity of agreements.
- Address and resolve claims or complaints arising during the execution of contracts to safeguard the company's interests.
- Analyse price proposals, financial data, and vendor performance to determine the reasonableness and competitiveness of pricing.
- Act as a liaison officer between the company and contractors to ensure full compliance with contract terms and fulfilment of obligations.
- Solicit bids for the procurement of a variety of goods and services and negotiate and administer resulting contracts effectively.
- Manage breaches of contracts proactively and assist in handling contract termination procedures in accordance with company policies.
- Conduct detailed analysis and evaluations for firm fixed price or comparable contracts.
- Execute fundamental procurement activities and techniques in line with company policies and industry best practices.
- Apply commonly used contracting methods and manage pre-award, post-award, and price/cost analysis tasks related to well-defined contractual actions.
- Research and analyse market practices and conditions to assess bid responsiveness, contractor capabilities, and past performance.
- Prepare and present comprehensive reports, memoranda, meeting minutes, and draft contractual clauses and supporting documentation as needed.
- Stay updated with applicable laws and regulations, ensuring that contracts remain compliant with current legal and regulatory standards.
- Coordinate closely with vendors to ensure contract obligations are met in full compliance with contractual terms and regulatory requirements.
- Conduct detailed analysis of bids, including evaluating pricing, discount structures, delivery terms, historical performance, and financial standing to recommend the most advantageous offers.
- Manage tasks independently by setting objectives, priorities, and deadlines, while seeking support for new or highly technical challenges when necessary.
- Plan and execute recurring tasks efficiently using established procedures and industry best practices, seeking guidance only for complex issues.
- Demonstrate strong familiarity with FIDIC forms of contracts, applying principles appropriately across projects.
- Utilize SharePoint effectively to track and manage contract lifecycles, ensuring timely updates and accessibility.
- Ensure timely issuance of notifications to suppliers and internal stakeholders prior to contract expirations to support continuity of operations.
- Upload all contracts to DocuSign, ensuring that documents are properly signed, approved, and stamped in line with internal company protocols.
- Maintain and update a comprehensive contracts log, including tracking of insurance documentation and contract milestones.
QualificationsEducation
- * Bachelor’s degree in real estate, Contract Management, Facilities Management Services, Business Administration, or a related field.
Experience
- * Minimum 4 years of professional experience in procurement and contract management, including drafting complex contracts and solicitation documents.
Knowledge & Skills
- * Technical building installations
- Performance evaluation methodologies
- Property budget management
- Health and Safety standards
KPI Indicators
- * 100% compliance with the assigned property budget for contracts.
- High customer satisfaction rates for contracts managed.
- Timely and accurate management of contract renewals and amendments.
- Achievement of targeted cost savings through effective negotiations.
- Zero compliance breaches related to contract administration.
