Sourcing and Contract Manager

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August 28

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Business Wire

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Media • Public Relations • Marketing

Business Wire is a trusted and experienced newswire service that offers public relations and investor relations solutions. The company provides press release distribution, media targeting, and analytics services to help organizations connect with their target audiences. With multimedia capabilities and extensive reach to over 100,000 media outlets and 200+ industry and trade categories worldwide, Business Wire ensures that news is delivered effectively to the right channels. It also offers resources such as case studies, webinars, and educational content to keep industry professionals informed about the latest trends. Additionally, Business Wire supports compliance and corporate social responsibility initiatives through comprehensive disclosure and filing services.

501 - 1000 employees

Founded 1961

📱 Media

📋 Description

• Develop and execute procurement strategies to optimize cost, quality, and delivery timelines. • Manage the competitive bidding process for critical vendors, design-build and general contractors, including preparing and issuing RFPs, RFQs, and ITBs. • Evaluate bids, ensuring alignment with project specifications, budgets, and timelines. • Conduct bid analysis, assess contractor qualifications, and recommend selections based on cost, quality, experience, and compliance with project requirements. • Negotiate contracts, terms, and pricing with vendors, design-build firms, and general contractors to secure favorable agreements. • Administer contracts, including drafting, reviewing, and executing contract documents, ensuring compliance with legal, regulatory, and organizational requirements. • Monitor contract performance, track deliverables, manage change orders, and resolve disputes or claims with suppliers and contractors. • Ensure proper documentation, record-keeping, and reporting for all contracts, including adherence to audit and compliance standards. • Manage supplier and contractor relationships, ensuring performance meets contractual standards and project deliverables. • Monitor market trends, pricing, and supply chain risks to inform sourcing, bidding, and contract decisions. • Collaborate with internal departments to forecast demand, define project scopes, and ensure supply chain continuity. • Ensure compliance with organizational policies, legal requirements, ethical sourcing standards, and construction-specific regulations. • Analyze procurement, bidding, and contract data to identify cost-saving opportunities and improve processes. • Oversee purchase orders, inventory management, and performance evaluations for suppliers and contractors. • Lead or support cross-functional teams in strategic sourcing, competitive bidding, and contract administration projects.

🎯 Requirements

• Bachelor’s degree in supply chain management, business administration, construction management, or a related field (advanced degree or certifications like CPSM, CIPS, PMP, or CCM preferred). • 8+ years of experience working on capital projects for procurement, sourcing, or supply chain management, with at least 2 years managing competitive bidding processes for design-build or general contractors and contract administration • Strong negotiation, analytical, contract drafting, and vendor/contractor management skills. • In-depth knowledge of contract management, competitive bidding, market analysis, and construction industry standards. • Familiarity with contract law, risk management, and dispute resolution processes. • Excellent communication and interpersonal skills to collaborate with stakeholders, including architects, engineers, contractors, and legal teams. • Ability to work in a fast-paced environment and manage multiple priorities.

🏖️ Benefits

• Medical, dental, vision insurance and 401k with employer matching • Paid time off and paid holidays (including 2 floating holidays) • Disability Insurance as well as Life/AD&D Insurance • FSA (Flexible Spending Account) and HSA (Health Savings Account) • Tuition reimbursement • Casual work attire