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I applied via Approached by Company and was interviewed in Apr 2024. There were 3 interview rounds.
The process for processing extra items in an Infra project involves identification, documentation, approval, and payment.
Identify the extra items that were not originally included in the project scope
Document the extra items with detailed descriptions, quantities, and costs
Obtain approval from relevant stakeholders for processing the extra items
Include the extra items in the project budget and schedule for implementati...
Bid capacity is the maximum amount of bids a company can submit for a project based on their financial and resource capabilities.
Bid capacity is calculated to ensure that a company can fulfill the obligations of the contract if awarded.
It is determined by assessing the financial strength, resources, and past performance of the company.
Calculating bid capacity helps in avoiding situations where a company wins multiple c...
Yes, wastage is considered while handling the base rates of TMT bars/steel.
Wastage is typically factored into the base rates of TMT bars/steel to account for material lost during handling, cutting, and shaping processes.
Contract terms may specify allowable wastage percentages and how they will be accounted for in pricing.
For example, if the base rate is $100 per ton of TMT bars and the allowable wastage is 5%, the actu...
Yes, I have knowledge of SAP and Ariba.
I have experience using SAP for procurement processes such as purchase orders and vendor management.
I am familiar with Ariba for sourcing, procurement, and contract management.
I have successfully implemented SAP and Ariba systems in previous roles to streamline procurement operations.
The SITC rate per sft for Kota works should be calculated based on additional costs and profit margin.
Consider additional costs such as transportation, labor, overheads, and profit margin
Calculate the total cost per sft by adding the base rate of Kota with additional costs and profit margin
For example, if transportation costs are 5rs per sft and profit margin is 10%, the SITC rate per sft would be 30rs (base rate) + 5r...
Market rate for solar panels varies depending on quality, size, and location.
Market rate for solar panels can range from $0.50 to $3.50 per watt.
Cost per square foot can range from $10 to $20 for residential installations.
Commercial installations may cost $5 to $10 per watt.
Factors affecting cost include quality of panels, size of system, location, and installation complexity.
Experienced procurement and contracts manager with a strong track record in negotiating and managing supplier relationships.
Over 10 years of experience in procurement and contracts management
Skilled in negotiating contracts and managing supplier relationships
Proven track record of cost savings and process improvements
Strong understanding of procurement regulations and best practices
Excellent communication and interpers
Seeking new challenges and growth opportunities.
Looking for new challenges and opportunities for growth
Interested in expanding my skill set and knowledge
Seeking a more dynamic work environment
Desire for career advancement and professional development
I applied via Approached by Company and was interviewed in May 2024. There were 4 interview rounds.
FIDIC contracts are standard forms of contracts used in the construction industry, while NEC contracts are a suite of contracts designed to promote collaboration and flexibility.
FIDIC contracts are more traditional and commonly used in the construction industry.
NEC contracts focus on collaboration, flexibility, and risk management.
FIDIC contracts have more detailed provisions and are often used for large-scale projects...
Contracts in Indian industry may require customization based on local regulations and business practices.
Contracts in Indian industry need to comply with local laws and regulations.
Customization may be required to align with specific business practices in India.
Language and cultural nuances should be considered when drafting contracts for Indian companies.
Examples of customization include incorporating clauses related ...
EOT stands for Extension of Time and LD stands for Liquidated Damages. Delay analysis is prepared by analyzing project schedules and identifying causes of delays.
EOT is a request for additional time to complete a project due to delays beyond the contractor's control.
LD is a penalty imposed on the contractor for failing to meet project deadlines.
Delay analysis involves reviewing project schedules, identifying critical p...
The market rate of BR glass of 72mm varies depending on factors such as quality, quantity, and supplier.
Market rates can range from $5 to $20 per square foot for BR glass of 72mm.
Prices may also vary based on the brand, location, and current market demand.
Bulk purchases may result in discounts or lower prices per unit.
The market date of M40 grade of concrete refers to the date when the grade was introduced or became widely available in the market.
M40 grade of concrete is a high strength concrete mix with a compressive strength of 40 megapascals (MPa).
The market date of M40 grade of concrete can vary depending on the region and availability of materials.
It is important to check with local suppliers or manufacturers for the specific m...
Wastage should be considered while providing advance for base rate items like steel to account for potential losses during the procurement process.
It is important to consider a certain percentage of wastage when providing advance for base rate items like steel to ensure that enough material is available for the project.
The amount of wastage to consider can vary depending on the type of material and the specific project...
Yes, I have extensive knowledge of SAP and Ariba.
I have used SAP for procurement processes such as purchase orders, vendor management, and inventory management.
I am proficient in using Ariba for sourcing, procurement, and contract management.
I have successfully implemented SAP and Ariba systems in previous roles to streamline procurement processes and improve efficiency.
The average rate for Granite for SITC in a G+6 storey commercial space is calculated based on the base rate of 150 per sft.
Calculate the total square footage of granite needed for the project
Multiply the total square footage by the base rate of 150 per sft to get the total cost
Divide the total cost by the total square footage to get the average rate per sft
Top trending discussions
posted on 30 Oct 2024
I applied via Company Website and was interviewed in Apr 2024. There was 1 interview round.
posted on 14 Oct 2023
I applied via Referral and was interviewed in Apr 2023. There were 3 interview rounds.
Standard operating procedures are established guidelines for carrying out routine operations in an organization.
Standard operating procedures outline step-by-step instructions for completing tasks.
They ensure consistency, efficiency, and quality in operations.
Examples include procedures for handling contracts, resolving disputes, and managing vendor relationships.
posted on 2 May 2024
I applied via Company Website and was interviewed before May 2023. There were 2 interview rounds.
To make a contract, identify parties, define terms, negotiate, draft agreement, review, sign, and enforce.
Identify parties involved in the contract
Define terms and conditions clearly
Negotiate to reach a mutually beneficial agreement
Draft the contract document with all details included
Review the contract for accuracy and completeness
Sign the contract with all parties involved
Enforce the terms of the contract
posted on 4 Sep 2023
I applied via Approached by Company and was interviewed before Sep 2022. There were 2 interview rounds.
posted on 9 Nov 2021
posted on 12 Oct 2024
I was interviewed in Apr 2024.
posted on 8 May 2023
Full P2P refers to the entire procurement process from requisition to payment.
Full P2P involves the entire procurement process including requisition, sourcing, purchase order creation, invoice processing, and payment.
It starts with a requisition from the user and ends with payment to the supplier.
It includes supplier selection, negotiation, and contract management.
It also involves receiving and inspection of goods and ...
The best contribution is one that aligns with the company's goals and values while also improving efficiency and reducing costs.
A contribution that aligns with the company's goals and values
Improving efficiency in procurement processes
Reducing costs through strategic sourcing and negotiation
Implementing sustainable procurement practices
Developing strong relationships with suppliers
Introducing innovative procurement sol...
I achieved a saving of $500,000 by negotiating better contracts with suppliers.
Negotiated better terms and pricing with key suppliers
Implemented a vendor management system to track spending and identify cost-saving opportunities
Consolidated purchases to leverage volume discounts
Reduced waste and excess inventory through improved forecasting and demand planning
Collaborated with cross-functional teams to identify areas f
posted on 26 Mar 2022
I applied via Naukri.com and was interviewed in Sep 2021. There were 2 interview rounds.
Vendor selection is based on factors such as quality, price, delivery time, and past performance.
Evaluate vendor's quality standards and certifications
Compare prices and negotiate for the best deal
Consider vendor's ability to meet delivery deadlines
Check vendor's past performance and customer feedback
Assess vendor's financial stability and capacity
Ensure vendor's compliance with legal and ethical standards
Costing of an item involves analyzing all the direct and indirect costs associated with its production and distribution.
Identify all direct costs such as raw materials, labor, and equipment
Determine indirect costs such as overhead expenses and administrative costs
Calculate the total cost by adding direct and indirect costs
Consider market demand and competition to determine the selling price
Regularly review and update c
Some of the top questions asked at the GMR Group Manager Procurement & Contracts interview -
based on 2 interviews
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based on 1 review
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