Construction Project Procurement Manager

Job Title: Construction Project Procurement Manager - Industrial ProjectLocation: Denver, CODuration: Contract PositionDepartment: Construction Management ServicesJob Description:Overview:The Construction Project Procurement Manager will oversee the procurement activities for an industrial construction project in Denver, CO.This role is responsible for managing all aspects of purchasing, vendor relationships, and supply chain logistics, ensuring that the project meets budget, timeline, and quality requirements.Key Responsibilities:Strategic Procurement Planning:Develop and implement a comprehensive procurement strategy aligned with the projects scope, budget, and timeline.Conduct market analysis to identify potential suppliers, contractors, and subcontractors.Create and maintain procurement schedules, integrating them with the projects overall timeline.Vendor Management and Negotiation:Prequalify and evaluate potential vendors, ensuring compliance with company standards and project requirements.Lead negotiations with suppliers to secure favourable terms, pricing, and delivery schedules.Establish and manage long-term relationships with key suppliers to ensure consistent quality and service levels.Contract Management:Draft, review, and negotiate contracts, purchase orders, and agreements in collaboration with the legal and project management teams.Ensure all contractual terms are adhered to and address any deviations or disputes promptly.Monitor contract performance and ensure compliance with scope, schedule, and cost requirements.Cost Control and Budget Management:Monitor procurement spending, track budget adherence, and implement cost-saving measures without compromising quality.Prepare regular financial reports and forecasts related to procurement activities.Analyse pricing trends and identify opportunities for cost reduction.Supply Chain Coordination:Coordinate logistics and delivery schedules to align with project requirements.Manage inventory levels on-site to avoid material shortages or excess.Resolve supply chain disruptions swiftly to prevent project delays.Quality Assurance:Ensure that all procured materials and equipment meet project specifications and industry standards.Collaborate with the Quality Assurance/Quality Control (QA/QC) team to inspect materials upon arrival.Maintain detailed records of quality inspections and address non-conformance issues.Stakeholder Collaboration:Work closely with project managers, engineers, and site supervisors to understand project needs and timelines.Communicate procurement status and potential risks to stakeholders regularly.Foster strong cross-functional relationships to support project success.Compliance and Risk Management:Ensure compliance with local, state, and federal regulations, including OSHA standards.Implement risk mitigation strategies for procurement activities, including contingency planning for critical materials.Maintain accurate procurement documentation for audit and regulatory purposes.Key Performance Indicators (KPIs):Procurement Cost Savings:Target: Achieve a minimum of 5-10% cost savings on total procurement budget through strategic sourcing and negotiation.Measurement: Monthly and quarterly cost savings reports compared to budget forecasts.On-Time Delivery Rate:Target: Ensure 95% of materials and equipment are delivered on or before the scheduled date.Measurement: Percentage of deliveries meeting project schedule requirements.Vendor Performance Score:Target: Maintain an average vendor performance score of 85% or higher based on quality, delivery, and service metrics.Measurement: Quarterly vendor evaluations and feedback reports.Contract Compliance Rate:Target: Achieve 100% compliance with contract terms, including delivery schedules and quality standards.Measurement: Percentage of contracts with no breaches or deviations.Budget Adherence:Target: Maintain procurement spending within 2% of the allocated budget.Measurement: Monthly financial tracking and variance analysis.Inventory Turnover Ratio:Target: Achieve an inventory turnover ratio of 4-6 times per year, ensuring efficient use of materials.Measurement: Annual calculation based on inventory levels and material usage.Supplier Lead Time Reduction:Target: Reduce average supplier lead time by 10% over the project duration.Measurement: Tracking of lead times and improvements in supplier response times.Quality Non-Conformance Rate:Target: Keep the quality non-conformance rate below 3% of total materials received.Measurement: Number of quality issues reported per batch of materials received.Risk Management and Issue Resolution Time:Target: Resolve procurement-related issues within 48 hours.Measurement: Average time taken to resolve supply chain disruptions or material issues.Stakeholder Satisfaction Score:Target: Achieve a stakeholder satisfaction score of 90% or higher in feedback surveys related to procurement activities.Measurement: Quarterly feedback surveys from project managers and key stakeholders.Qualifications:Bachelors Degree in Supply Chain Management, Business Administration, Engineering, or related field.Minimum of 10 years of experience in procurement, with at least 5 years in construction project procurement, preferably in industrial projects.Strong negotiation, communication, and contract management skills.Proficiency in procurement software (e.g., SAP, Oracle, Procore).Knowledge of local, state, and federal regulations affecting construction procurement.PMP or CPSM certification is a plus.Skills and Competencies:Strategic Sourcing: Ability to identify and leverage supplier capabilities to achieve project objectives.Analytical Thinking: Proficient in analyzing cost data, supplier performance, and market trends.Problem-Solving: Effective in resolving complex procurement issues and supply chain disruptions.Communication: Strong verbal and written skills for liaising with suppliers and internal stakeholders.Time Management: Capable of managing multiple tasks and deadlines in a fast-paced environment.This job description outlines a comprehensive role for a Construction Project Procurement Manager focused on industrial projects.The KPIs are tailored to ensure effective performance measurement, highlighting the importance of cost control, vendor management, and timely delivery.