- Title: Contract Analyst
- Code: RCI-118069-1
- RequirementID: 122857
- Location: Oakbrook Terrace, IL 60181
- Posted Date: 11/20/2024
- Duration: 24 Months
- Name: Parth Makwana
- Email: parth.makwana@rangam.com
- Phone: 908-704-8843
- Name:Karan Patel
- Email: karan.patel@rangam.com
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Phone: 908-704-8843 ✖ 238
908-704-8843
Hybrid Role: M/F , Tues-Thur in office (9-3 core hours- flexible on start and end times)
Must have skills:
- Excel power user, Power BI knowledge, EPC experience, GMP experience preferred but not required.
- Construction contract experience, Contract reviewal, construction finance experience, Invoicing experience
Does NOT need: Utility experience, IT experience, PMP.
Duties:
- An EPC (Engineering, Procurement, and Construction) Contract Analyst is responsible for managing and analyzing contracts in projects that involve engineering, procurement, and construction activities.
- This role is crucial in ensuring compliance, mitigating risks, and optimizing contract performance throughout the project lifecycle.
Responsibilities:
Contract Administration:
- Review, draft, and negotiate EPC contracts and related documents.
- Monitor contract performance and compliance with terms and conditions.
- Maintain organized records of contracts and related correspondence.
Risk Management:
- Identify, assess, and mitigate risks associated with contract terms and execution.
- Conduct risk assessments and provide recommendations for contract modifications or enhancements.
Cost Analysis:
- Analyze contract costs and pricing structures to ensure alignment with project budgets.
- Prepare cost estimates and financial reports related to contracts.
Collaboration:
- Work closely with project managers, legal teams, and procurement departments to ensure seamless contract execution.
- Liaise with vendors, subcontractors, and other stakeholders to address contract-related issues.
Compliance and Reporting:
- Ensure compliance with industry regulations, company policies, and contractual obligations.
- Prepare and present reports on contract performance, compliance, and financial metrics to management.
Dispute Resolution:
- Assist in resolving contract disputes and claims through negotiations and mediation.
- Document and track changes, amendments, and issues arising during contract execution.
Market Research:
- Stay updated on industry trends, market conditions, and best practices related to EPC contracts.
- Conduct benchmarking studies to inform future contract negotiations.
Qualifications:
- Education: Bachelor’s degree in Business Administration, Construction Management, Engineering, or a related field.
- A Master’s degree or professional certification (e.g., CCP, PMP) may be preferred.
- Experience: 3-5 years of experience in contract management, preferably in the EPC sector or related industries.
Skills:
- Strong analytical and negotiation skills.
- Proficient in contract management software and Microsoft Office Suite.
- Excellent communication and interpersonal skills.
- Attention to detail and strong organizational abilities.
- Knowledge: Familiarity with construction processes, procurement practices, and relevant laws and regulations (e.g., FIDIC, AIA).
Additional Considerations:
- Experience in heavy industrial construction with focus on utility and/or oil and gas
- Ability to work in a fast-paced environment and manage multiple projects simultaneously.
- Willingness to travel to project sites as necessary.
- Strong problem-solving skills and the ability to work independently as well as in a team
Skills |
Years of Experience |
How it was used/ What was your responsibility/ Task? Provide 1 to 2 bullet points? |
Contract Administration |
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EPC experience |
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Construction contract experience, Contract reviewal, construction finance experience, Invoicing experience |
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GMP experience |
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Excel power user, Power BI |
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