Key Responsibilities
1. Tendering (Pre-Contract Stage)
• Study and interpret commercial terms & conditions of EPC tenders for EHV Substation and Transmission Line projects.
• Prepare and vet commercial bids, deviations, price schedules, and contractual compliance statements.• Coordinate with Engineering, Estimation, and Finance teams to finalize techno-commercial submissions. 2. Contract Agreement & Post-Award Formalities
...
this job offer closes 9 may 2026
job details
this job offer closes 9 may 2026
summary
posted 3 february 2026
- reference number
- JPC - 115799
randstad professional
we bring diverse and pre qualified professional talent and businesses together to connect the right people with the right roles. by building specialized teams, we help individuals flourish in their careers and businesses succeed.
job details
• Review, negotiate, and finalize EPC Contract Agreements with clients.
• Ensure incorporation of all commercial protections, payment terms, LD clauses, PV clauses, tax provisions, and risk mitigation.
• Manage contract amendments, addendums, and change orders.
3. Billing & Payment Realization
• Oversee preparation and submission of RA Bills, Final Bills, PV Bills & VariationClaims.
• Ensure timely certification of bills and follow up for payment realization.
• Resolve billing disputes with clients and consultants. 4. Price Variation (PV) Calculations
• Independently prepare and vet PV Bills based on IEMA and Railway Indices.
• Ensure correct application of base indices, weightages, and escalation formulas as per contract.
5. Project Insurance
• Handle all types of Project Insurance including:
o Contractor’s All Risk (CAR)
o Erection All Risk (EAR)
o Marine / Transit Insurance
o Workmen Compensation / Third Party Liability
• Coordinate with insurers for endorsements, claims, and renewals.
6. Bank Guarantees
• Manage all Project-related Bank Guarantees including:
o Bid Security / EMD
o Performance Bank Guarantee (PBG)
o Advance Bank Guarantee
o Retention BG
• Track validity, renewals, releases, and compliance with contract terms.
7. Reconciliation & Contract Closure
• Conduct Material Reconciliation, final account settlement, and contract closing.
• Ensure closure of all commercial, financial, insurance, and BG obligations.
8. Liaison with Key Government Officials
• Liaise with DISCOMs, Railways, PSU clients, and Govt. Authorities for approvals, certifications, and payment release.
• Represent the company in commercial discussions and negotiations.
9. Project Management
• Plan, monitor, and control EPC project execution schedules for EHV Substation and Transmission Line works in line with contractual milestones.
• Track progress of engineering, procurement, construction, erection, testing, and commissioning activities.
• Identify delays, risks, and bottlenecks and initiate corrective actions in coordination with site and HO teams.
• Ensure alignment between technical progress and commercial milestones for timely billing and cash flow.
• Support preparation of recovery schedules and ensure compliance with approved project timelines.
• Review site progress reports and participate in project review meetings with internal teams and clients. 10. Internal Coordination
• Coordinate with Project, Engineering, Planning, Stores, and Finance teams.
• Support site teams on contractual, billing, and claim matters.
• Maintain centralized commercial records and MIS.
show more• Ensure incorporation of all commercial protections, payment terms, LD clauses, PV clauses, tax provisions, and risk mitigation.
• Manage contract amendments, addendums, and change orders.
3. Billing & Payment Realization
• Oversee preparation and submission of RA Bills, Final Bills, PV Bills & VariationClaims.
• Ensure timely certification of bills and follow up for payment realization.
• Resolve billing disputes with clients and consultants. 4. Price Variation (PV) Calculations
• Independently prepare and vet PV Bills based on IEMA and Railway Indices.
• Ensure correct application of base indices, weightages, and escalation formulas as per contract.
5. Project Insurance
• Handle all types of Project Insurance including:
o Contractor’s All Risk (CAR)
o Erection All Risk (EAR)
o Marine / Transit Insurance
o Workmen Compensation / Third Party Liability
• Coordinate with insurers for endorsements, claims, and renewals.
6. Bank Guarantees
• Manage all Project-related Bank Guarantees including:
o Bid Security / EMD
o Performance Bank Guarantee (PBG)
o Advance Bank Guarantee
o Retention BG
• Track validity, renewals, releases, and compliance with contract terms.
7. Reconciliation & Contract Closure
• Conduct Material Reconciliation, final account settlement, and contract closing.
• Ensure closure of all commercial, financial, insurance, and BG obligations.
8. Liaison with Key Government Officials
• Liaise with DISCOMs, Railways, PSU clients, and Govt. Authorities for approvals, certifications, and payment release.
• Represent the company in commercial discussions and negotiations.
9. Project Management
• Plan, monitor, and control EPC project execution schedules for EHV Substation and Transmission Line works in line with contractual milestones.
• Track progress of engineering, procurement, construction, erection, testing, and commissioning activities.
• Identify delays, risks, and bottlenecks and initiate corrective actions in coordination with site and HO teams.
• Ensure alignment between technical progress and commercial milestones for timely billing and cash flow.
• Support preparation of recovery schedules and ensure compliance with approved project timelines.
• Review site progress reports and participate in project review meetings with internal teams and clients. 10. Internal Coordination
• Coordinate with Project, Engineering, Planning, Stores, and Finance teams.
• Support site teams on contractual, billing, and claim matters.
• Maintain centralized commercial records and MIS.
experience
20 Key Responsibilities
1. Tendering (Pre-Contract Stage)
• Study and interpret commercial terms & conditions of EPC tenders for EHV Substation and Transmission Line projects.
• Prepare and vet commercial bids, deviations, price schedules, and contractual compliance statements.• Coordinate with Engineering, Estimation, and Finance teams to finalize techno-commercial submissions. 2. Contract Agreement & Post-Award Formalities
• Review, negotiate, and finalize EPC Contract Agreements with clients.
• Ensure incorporation of all commercial protections, payment terms, LD clauses, PV clauses, tax provisions, and risk mitigation.
• Manage contract amendments, addendums, and change orders.
3. Billing & Payment Realization
• Oversee preparation and submission of RA Bills, Final Bills, PV Bills & VariationClaims.
• Ensure timely certification of bills and follow up for payment realization.
• Resolve billing disputes with clients and consultants. 4. Price Variation (PV) Calculations
• Independently prepare and vet PV Bills based on IEMA and Railway Indices.
• Ensure correct application of base indices, weightages, and escalation formulas as per contract.
...
1. Tendering (Pre-Contract Stage)
• Study and interpret commercial terms & conditions of EPC tenders for EHV Substation and Transmission Line projects.
• Prepare and vet commercial bids, deviations, price schedules, and contractual compliance statements.• Coordinate with Engineering, Estimation, and Finance teams to finalize techno-commercial submissions. 2. Contract Agreement & Post-Award Formalities
• Review, negotiate, and finalize EPC Contract Agreements with clients.
• Ensure incorporation of all commercial protections, payment terms, LD clauses, PV clauses, tax provisions, and risk mitigation.
• Manage contract amendments, addendums, and change orders.
3. Billing & Payment Realization
• Oversee preparation and submission of RA Bills, Final Bills, PV Bills & VariationClaims.
• Ensure timely certification of bills and follow up for payment realization.
• Resolve billing disputes with clients and consultants. 4. Price Variation (PV) Calculations
• Independently prepare and vet PV Bills based on IEMA and Railway Indices.
• Ensure correct application of base indices, weightages, and escalation formulas as per contract.
...
5. Project Insurance
• Handle all types of Project Insurance including:
o Contractor’s All Risk (CAR)
o Erection All Risk (EAR)
o Marine / Transit Insurance
o Workmen Compensation / Third Party Liability
• Coordinate with insurers for endorsements, claims, and renewals.
6. Bank Guarantees
• Manage all Project-related Bank Guarantees including:
o Bid Security / EMD
o Performance Bank Guarantee (PBG)
o Advance Bank Guarantee
o Retention BG
• Track validity, renewals, releases, and compliance with contract terms.
7. Reconciliation & Contract Closure
• Conduct Material Reconciliation, final account settlement, and contract closing.
• Ensure closure of all commercial, financial, insurance, and BG obligations.
8. Liaison with Key Government Officials
• Liaise with DISCOMs, Railways, PSU clients, and Govt. Authorities for approvals, certifications, and payment release.
• Represent the company in commercial discussions and negotiations.
9. Project Management
• Plan, monitor, and control EPC project execution schedules for EHV Substation and Transmission Line works in line with contractual milestones.
• Track progress of engineering, procurement, construction, erection, testing, and commissioning activities.
• Identify delays, risks, and bottlenecks and initiate corrective actions in coordination with site and HO teams.
• Ensure alignment between technical progress and commercial milestones for timely billing and cash flow.
• Support preparation of recovery schedules and ensure compliance with approved project timelines.
• Review site progress reports and participate in project review meetings with internal teams and clients. 10. Internal Coordination
• Coordinate with Project, Engineering, Planning, Stores, and Finance teams.
• Support site teams on contractual, billing, and claim matters.
• Maintain centralized commercial records and MIS.
show more• Handle all types of Project Insurance including:
o Contractor’s All Risk (CAR)
o Erection All Risk (EAR)
o Marine / Transit Insurance
o Workmen Compensation / Third Party Liability
• Coordinate with insurers for endorsements, claims, and renewals.
6. Bank Guarantees
• Manage all Project-related Bank Guarantees including:
o Bid Security / EMD
o Performance Bank Guarantee (PBG)
o Advance Bank Guarantee
o Retention BG
• Track validity, renewals, releases, and compliance with contract terms.
7. Reconciliation & Contract Closure
• Conduct Material Reconciliation, final account settlement, and contract closing.
• Ensure closure of all commercial, financial, insurance, and BG obligations.
8. Liaison with Key Government Officials
• Liaise with DISCOMs, Railways, PSU clients, and Govt. Authorities for approvals, certifications, and payment release.
• Represent the company in commercial discussions and negotiations.
9. Project Management
• Plan, monitor, and control EPC project execution schedules for EHV Substation and Transmission Line works in line with contractual milestones.
• Track progress of engineering, procurement, construction, erection, testing, and commissioning activities.
• Identify delays, risks, and bottlenecks and initiate corrective actions in coordination with site and HO teams.
• Ensure alignment between technical progress and commercial milestones for timely billing and cash flow.
• Support preparation of recovery schedules and ensure compliance with approved project timelines.
• Review site progress reports and participate in project review meetings with internal teams and clients. 10. Internal Coordination
• Coordinate with Project, Engineering, Planning, Stores, and Finance teams.
• Support site teams on contractual, billing, and claim matters.
• Maintain centralized commercial records and MIS.
