Contracts Administrator

Job description / Role

- Contracts (various: including formal, short form, and annual contracts)Drafting, Evaluation, Negotiation and Execution:
- Non Disclosure Agreements, Sales / Purchasing Agreements, Sub-contracts, Consulting Agreements, Licensing Agreements, Master Agreements, review of customer proposed terms and conditions
- Serve as the point of contact for customers on contractual matters. Act as contractual middleman between company employees and customers, ensuring timely review and approval / reconciliation of variations.
- On all standard and nonstandard contracts, provide redlined recommendations and often negotiate directly with customer or purchasing staff until consensus has been reached
- Maintain contractual records and documentation such as receipt and control of all contract correspondence, customer contact information sheets, contractual changes, status reports and other documents for all projects.
- As needed, provide guidance on contract matters to project managers or other operational staff, including training to new project managers and other employees in contracting practices and procedures.
- Develop and implement procedures for contract management and administration in compliance with company policy. As appropriate, contribute to or influence company policies.
- Monitor compliance by company employees with established procedures. Identify areas of recurrent pressure.
- Work with Risk Management Department / Finance to coordinate contractual insurance requirements.
- Work with Finance to ensure adherence to broader finance and risk requirements such as revenue recognition, pricing and discounting policies,, export controls etc. May include financial engineering and understanding / evaluating economic impact of terms and term options.
- Monitor competitive terms. Monitor customer satisfaction with our terms and conditions and contracting practices. Recommend changes.
- Ensure that signed contracts are communicated to all relevant parties to provide contract visibility and awareness, inter
- Handle on-going issue and change management
- Monitor transaction compliance (milestones, deliverables, invoicing etc.)
- Ensure contract close-out, extension or renewal.
- Monitors compliance to contract requirements ensuring all conditions are satisfied before approval of the final invoice.
- Initiates and/or conducts meetings with contractors concerning contractual problems as requested by Construction Project Manager.
- Assists in compiling and preparing bid documents and bidders list, including inquiry preparations, request for bids and recommendations for award of contract.
- Dealing with Bonds and Insurances
- Effective Administration of Contracts, including Billing (Client & Subcontract)

Requirements

- Knowledge of requirements for acquiring professional design and construction services
- Knowledge of the laws and ordinances regulating construction.
- Skill in negotiating, writing and interpreting contractual agreements.
- Ability to effectively communicate.
- Knowledge in FIDIC will be added advantage

About the Company

Larsen & Toubro is a USD 14 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. One of the largest and most respected companies in India's private sector, L&T's products and systems are marketed in over 30 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.

L&T Construction is the construction arm of Larsen & Toubro. Ranked 28th among the top 225 global contractors by Engineering News Record in 2013, L&T Construction offers EPC solutions with single-source responsibility for executing large industrial and infrastructure projects from concept to commissioning.