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Hire Procurement Contract Specialist

Procurement contracts are agreements to use certain products and services for a project. A professional who drafts and reviews contractual agreements between a company and suppliers of products or services is known as procurement contract specialist or a contract and procurement specialist.

What Procurement Contract Specialists Do?

A specialist develops, implements and manages contracts and service level agreements for an organization. They are responsible for the procurement of goods, services and leases and for determining the contract methods to be used. They develop the unique terms and conditions of the agreement and establish pricing agreements to ensure maximum value for money on behalf of their clients. Thus, contract and procurement specialist or contract managers, as they are sometimes called, are responsible for building mutually beneficial relationships with strategic suppliers.

In general, contract managers possess excellent knowledge of end-to-end supply management processes including competitive bidding, contract management, supplier performance management and life-cycle costing processes.

Contract managers are seen working across industries and many of them work as freelancers who are willing to offer online freelance services. These independent contractors can be found on Guru.

If you want to hire a procurement contract specialist, make sure your freelancer can:

  • Review procurement initiatives with business stakeholders and carrying out market analysis and assessments for cost saving.
  • Undertake market analysis to identify new opportunities to drive value.
  • Develop, implement and manage contracts and service level agreements for the procurement of goods, services and leases.
  • Investigate, develop and promote the use of progressive supply chain tools and technologies to accomplish procurement objectives.
  • Reviews non-contracted purchases to identify opportunities for standardization, contracting and cost reduction.
  • Analyze past purchasing practices, methods and procedures and recommend new procedures.
  • Review, analyze and negotiate pricing where appropriate to ensure most competitive pricing is received.
  • Use analytics to improve the overall efficiency of the business unit.
  • Issue quality, health, safety and environment surveys to prospective contractors.
  • Maintain files and contract logs.
  • Serve as a primary point of liaison with contractors.
  • Monitor existing contracts for compliance with terms and conditions.

Qualifications of a Contract Specialist

It is ideal that your freelancer has the following skills:

  • Professional education in Business Management or Supply Chain Management or related field
  • Practical Procurement and Vendor Management experience
  • Knowledge of leading practices in procurement and strategic sourcing
  • Ability to interpret and communicate financial information
  • Strong interpersonal, presentation, communication, conflict resolution and stakeholder relationship management
  • Strong Microsoft Office skills
  • Exceptional interpersonal and organizational skills
  • Excellent written and verbal communication

When hiring a freelance contract and procurement specialist, make sure to conduct a reference check and check their credentials.

Benefits of Freelance Contract Specialists

Freelance procurement contract specialists have a wide network of suppliers and can thus bargain the best deal for the organization. They are well-versed with industry laws and regulations and adhere to the set guidelines and standards. They are experts at the art of purchasing, and are thus able to strike the best possible deal.

Guru Tip:

Guru’s Status Update feature helps you keep track of your freelancer’s progress on the job. Depending on your Agreement, use this feature to check your freelancer’s due date for tasks, billable tracked hours and weekly invoices.

Find the right Procurement Contract freelancer on Guru by posting a job for free, here.

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Jul. 2019

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