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Procurement
Larsen & Toubro
Manage subcontractor contracts, payments, and financial reporting to control project costs.
3d ago
Expert & Leadership (13+ years)
Full Time
Greater Chennai Area
Onsite
Company Size
54,596 Employees
Service Specialisms
Construction services
Project Management
Engineering
Design
Technical Services
Turnkey
General Contractor
Architecture
Sector Specialisms
Buildings & Factories
Transport Infrastructure
Heavy Civil Infrastructure
Smart World & Communication
Water & Renewable Energy
Power Transmission & Distribution
Hydrocarbon (offshore and onshore projects)
Coal-based Power Plants
Role
What you would be doing
- To liaise with project staff and departmental staff (construction, design, and engineering) in order to be aware of possible delays, exposure, alteration to cost/value etc.
- Calculate and evaluate Sub-Contractor payment certifications
- Review and certify Sub-Contractors, Suppliers and Consultant application for payment
- Preparation in conjunction with PD and PMs project budget
- Undertake settlement of Subcontractor final accounts including negation of variations and claims
- Oversee the administration of subcontractor payments, instructions, contract negotiations and variations in order to limit financial exposure and ensure performance of subcontractor obligations.
- To supervise departmental accounting and finance staff in order to ensure the accuracy of reporting of financial data and commercial controls.
- Oversee preparation of subcontract enquiry documents including bills of quantity, incorporate standard terms and drafting of special conditions
- Draft terms of Sub-Contracts, supply agreements, design consultancy agreements
- Prepare project cash flow forecast
- Review of Sub-Contract tenders, supply quotations including negotiation of prices and recommendation of awards.
- To administer contractual and client deliverables and undertake adequate reporting in order to advise management of potential exposures.
- To prepare monthly financial reports for project status in order to enable the Company to address any operational issues or undertake appropriate adjustment for financial result for the project.
- Liaise with Legal Officer and Regional Manager to ensure compliance with relevant country legislation.
- To oversee the preparation of subcontracts, consultancy agreements, purchase orders etc in order to ensure construction activities progress according to scheduled timelines and budget.
- Draft responses to subcontractor correspondence of a financial or contractual nature
- Calculation and notification of the costs of variations from Subcontractors
- To oversee the implementation and undertake monitoring of Company procedures relating to Commercial matters in order to ensure project compliance and procedures.
- Evaluation of Subcontractor final accounts
- Advise and identify potential “claim” situations Finalizing the terms and conditions of the main contract, including price, performance bond, advance payments
What you bringBenefits
Information not given or found
Training + DevelopmentInformation not given or found
Interview process
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Visa SponsorshipInformation not given or found
Security clearanceInformation not given or found
Company
Overview
Founded in 1946
Year Established
The company was started in 1946 by two Danish engineers.
Revenue Billions USD
Annual Revenue
The company generates tens of billions of USD annually.
- A small Bombay firm that evolved into a global powerhouse.
- Expanded into major infrastructure and industrial projects worldwide.
- Delivers EPC projects in energy, transport, and defense.
- Notable projects include power plants, metro rail systems, hydrocarbon facilities, and naval vessels across emerging markets.
- Subsidiaries like LTIMindtree and L&T Technology Services drive its footprint in digital engineering and consulting.
- Known for tackling large-scale, complex assignments in defense, power, urban transit, and marine engineering.
- Integrity and transparency in all dealings.
- Commitment to excellence and innovation.
- Customer satisfaction through quality, service, and value.
- Respect for the environment and communities.
- A culture of teamwork, collaboration, and respect for diversity of thought.
- Continuous learning, development, and growth.
- Safety as the first priority in all operations.
Net Zero by 2040
Sustainability Goal
The company aims to achieve net-zero emissions by 2040 through comprehensive sustainability initiatives.
- Implementation of energy-efficient technologies in all operations.
- Reduction in carbon footprint through sustainable practices.
- Investment in renewable energy sources like solar and wind.
- Commitment to circular economy principles in product design and waste management.
- Promotion of green building initiatives and sustainable infrastructure.
- Achieving gender balance across all levels of the organization.
- Female representation at leadership positions increased year over year.
- Commitment to gender-neutral policies and equal pay for equal work.
- Fostering an inclusive workplace through mentorship programs and training.
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