Tun Razak Exchange Hiring! Full Time Vice President Procurement in Federal Territory - Ricebowl

Job Purpose

• To lead and oversee procurement and contract management functions in support of project delivery objectives. The role is responsible for driving cost efficiency, value optimisation, and governance compliance across all project procurement and contract activities, ensuring alignment with TRX’s corporate vision and project strategies.

Key Responsibilities

Project Cost & Value Management

• Support the Project Team in preparing cost plan estimates and budgets across all project stages.
• Participate in value engineering exercises to achieve optimal balance between design quality, functionality, and cost efficiency in line with project objectives.
• Assist in monitoring project budgets, financial commitments, and cashflow projections.

Procurement & Contract Strategy

• Jointly formulate Procurement and Contract Implementation Strategies with the Project Team to ensure alignment with TRX’s business goals and project delivery objectives.
• Support User Departments in the sourcing, tendering, evaluation, negotiation, and appointment of consultants, contractors, and suppliers.
• Ensure all procurement activities are carried out in accordance with the company’s Procurement Policy and Standard Operating Procedures (SOPs).

Vendor Management

• Oversee the maintenance of the Approved Vendor List, including vendor screening, pre-qualification, registration, and performance evaluation.
• Support initiatives to strengthen vendor partnerships and promote performance excellence.

Contract Administration & Claims Management

• Administer progress payment claims, variation orders, and cost adjustment approvals in compliance with the Contract Management SOP.
• Evaluate and process contractual claims including variation, prolongation, delay, and acceleration claims.
• Support the Project Team in assessing and processing extension-of-time (EOT) claims.
• Manage the preparation and finalisation of final accounts.
• Handle contractual correspondences and ensure timely resolution of contract-related matters.

Reporting & Governance

• Prepare and maintain contract management trackers, procurement reports, and project cost dashboards for management review.
• Ensure accurate documentation, filing, and audit-readiness of all procurement and contract management records.

Other Responsibilities

• Undertake any other tasks and responsibilities assigned by the immediate superior in support of departmental and organisational objectives.

REQUIREMENTS

• Degree in Quantity Surveying or equivalent.
• Minimum 10 years of working experience in procurement, cost and contract management, or quantity surveying, preferably within a property development or consulting firm.
• Strong knowledge and hands-on experience in procurement processes, contract management, and governance compliance aligned with industry best practices.
• Good understanding of contract law and contract administration principles.
• High proficiency in computer literacy, including MS Office applications and relevant contract management systems.
• Excellent communication, negotiation, and analytical skills, with the ability to manage multiple stakeholders effectively.
• Membership in a recognised professional body (e.g., RICS, BQSM, CIOB, or equivalent) will be an added advantage.