Procurement strategy - field note 060

For the 8‑storey corporate office in Kolkata, we renegotiated long‑term contracts with two key suppliers, CementPlus and SteelWorks, to secure volume discounts and fixed prices.

• Conducted a market‑benchmark analysis before negotiations.
• Locked in a 20% discount for cement over 18 months.
• Secured a fixed price for high‑strength steel to avoid market spikes.
• Implemented a monthly spend review with procurement team.

Cost Savings of ₹12M were realized, improving the project’s profit margin.