Prashant Patel

Prashant Patel Email and Phone Number

Construction Procurement and Contract Specialist @ Toronto Transit Commission (TTC)
toronto, canada
Prashant Patel's Location
North York, Ontario, Canada, Canada
About Prashant Patel

Experienced and highly skilled Sourcing and Procurement Specialist with a comprehensive background in spend baseline analysis, demand planning, and strategic sourcing. Proficient in supplier evaluation, contract negotiation, and performance management, with a track record of identifying cost-saving opportunities and driving operational excellence. Adept at stakeholder and vendor management, with a strong ability to facilitate change management and mitigate risks effectively. Experienced in project management, AutoCAD (2D & 3D), SAP, and various MS Office tools. Accomplished in delivering results through problem-solving, strategic thinking, and a commitment to optimizing procurement processes. Hold a Post-Degree Certificate in Supply Chain Management with an outstanding GPA and recognition on the President's Honour List, complemented by a Bachelor's degree in Civil Engineering. Ready to leverage expertise in enhancing procurement strategies and contributing to organizational success.

Prashant Patel's Current Company Details
Toronto Transit Commission (TTC)

Toronto Transit Commission (Ttc)

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Construction Procurement and Contract Specialist
toronto, canada
Website:
ttc.ca
Employees:
5573
Prashant Patel Work Experience Details
  • Toronto Transit Commission (Ttc)
    Assistant Construction Procurement And Contract Specialist
    Toronto Transit Commission (Ttc) Jan 2024 - Present
    North York, Ontario, Canada
    Focusing on Post-Award activities in Construction Service Category, this role coordinates post-award contract activities;Reviewing contractor’s/supplier’s/service provider’s invoices;Attending kick-off and progress review meetings;Enforces contractual obligations and conditions by engaging internal legal representation and providing assistance in negotiations and resolution of matters, or enforcement of penalty clauses, Liquidated Damages, etc. Escalates complex, high profile issues/matters to the Category Manager;Updating contact management system (CMS) and SharePoint;Issuing Request for Quotation (RFQ), Change Directives (CD) and Contract Change (CC);Oversees and administers payment process in accordance with approved contract price breakdowns, verifies vendors’ invoices for compliance with contract payment terms, release of statutory holdbacks (Construction Lien Act), and final payments, assesses back and set-off charges and other payment related matters i.e. off-site inventory payments and liquidated damages;Auditing contract files;Processes documentation for contract close-out;Other activities assigned within the scope of Procurement and Category Management; Ensure all performance KPI’ s Target is met;
  • Reena Group
    Procurement Specialist
    Reena Group Aug 2021 - Jan 2024
    Mississauga, Ontario, Canada
    Evaluate and establish the current spending baseline of the organization to pinpoint potential cost-saving prospects and areas for enhancement. Following a comprehensive financial analysis, implemented cost-reduction strategies, resulting in an 11% reduction in procurement expenditures and a 9% increase in cost-efficiency achievements.Develop and manage the RFx (Request for Proposal, Request for Quotation, Request for Information) process to solicit bids from suppliers.Provide recommendations on the selection of suppliers and procurement solutions based on rigorous analysis. Lead contract negotiation efforts to secure favourable terms and conditions, ensuring legal and business requirements are met.Oversee the execution of contracts, ensuring all parties adhere to agreed-upon terms and conditions.Demonstrate proficiency in handling contractual matters, including Confidentiality Agreements, Master Agreements, and Vendor Agreements, and source subject matter specialists for strategy development and executionConduct in-depth market research to stay informed about industry trends, supplier capabilities, changes, restrictions, and other factors that could impact procurement strategies.Recognizing potential suppliers and evaluating their production capacity and quality control procedures to align with the organization's needs. This initiative led to the inclusion of new suppliers, culminating in a 25% rise in supplier diversity and a 13% reduction in the procurement lead time.Implemented comprehensive change control procedures for proposed modifications in raw and packaging material specifications, including rationale evaluation, stakeholder engagement, risk assessment, and quality compliance. This ensured effective handling of changes while maintaining product quality and regulatory standards. Monitor supplier performance, track key performance indicators (KPIs), and implement continuous improvement initiatives.
  • Dharamshi Lalji Company
    Buyer
    Dharamshi Lalji Company Jul 2018 - Aug 2019
    Ahmedabad, Gujarat, India
    Purchase general and specialized equipment, materials, and subcontractor services for construction projects.Review plans, specifications, and contracts to ensure the correct equipment, material, and subcontractor services are ordered and/or purchased.Prepare Request for Quotes (RFQ) and Request for Proposal (RFP), evaluate bids, award agreements, and create purchase orders.Review bids, negotiate more favorable prices and terms, and select suppliers based on the total valueActively identify cost reduction opportunities and negotiate proactively with the existing supplier base and obtain more market-appropriate alternatives.Develops and maintains delivery schedules, communicating lead times and updates to key stakeholders.Monitors shipments to ensure that the equipment and material arrive on time and in proper quantities.Maintenance and ownership of live Rental Tracker file for multiple construction projects.Ability to work well with current vendors and establish strong relationships with potential new partnersInvestigation and resolution of missing or unpaid invoices, invoices in discrepancy, etc.Resolve discrepancies by comparing purchase orders to delivery documentation to obtain credits and refunds.
  • Uma Land Develpoers
    Civil Engineer
    Uma Land Develpoers Jul 2016 - Jul 2018
    Ahmedabad, Gujarat, India
    • Maintain excellent communication with customer and design team throughout the development of the jobs to guarantee successful completion of deliverables while resolving issues and challenges in a promptly manner.• Plan and Prepare design documents, design requirements, technical specification, standards, procedures, and analyses reports of different structural elements.• Developing engineering specifications and standards facilitating a consistent design approach.• Prepare technical calculations and reports in support of design jobs and recommend appropriate building and construction materials.• Providing subject matter expert review and acceptance of designs and surveys reports prepared by outside agencies.• Review drawings, specifications, and documents to ensure high level of quality, accuracy, and compliance to applicable building codes.• Prepare contract documents and review and evaluate tenders for construction projects.• Guiding the work of technologists, coordinating schedules, and assigning tasks to reach an overall objective within cost, quality, and time requirements.• Assist other members of the team to ensure that deliverables are finalized on time, on budget and with the highest level of quality.• Coordinate and undertake planning and implementation of survey requirements to facilitate topographic, soil, hydrological survey on site.• Providing job updates and status reports to management.• Perform safe site inspections and authoring of professional site reports and condition assessments of civil works.• Perform different test and develop procedure to maintain the quality of construction materials like air, water, cement, and soil.

Prashant Patel Education Details

Frequently Asked Questions about Prashant Patel

What company does Prashant Patel work for?

Prashant Patel works for Toronto Transit Commission (Ttc)

What is Prashant Patel's role at the current company?

Prashant Patel's current role is Construction Procurement and Contract Specialist.

What schools did Prashant Patel attend?

Prashant Patel attended Seneca College, Sheridan College, Gujarat Technological University.

Who are Prashant Patel's colleagues?

Prashant Patel's colleagues are Adrian Spinks, Troy Gertan, Mansur Pathan, Leeann Francis, Mike Tonner, Henry Young, Ruchir Bhatt.

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