Principal Supply Chain Sourcing & Contracting Specialist, Capital Projects

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.Principal Supply Chain Sourcing & Contracting Specialist, Capital ProjectsPosition SummaryLead, develop, and execute large-scale engineering, procurement, & construction (EPC), engineered equipment, and construction services contract project sourcing strategies aligned with business stakeholder priorities. Utilize construction project contract expertise to procure construction EPC/turnkey contracts. Implement strategies to achieve project savings targets. Develop strategies and negotiate commercial terms and contracts with suppliers. Manage risk mitigation and post award contract management plans, including KPIs and supplier reviews to optimize successful project execution. Provide peer-level coaching and guidance support to other sourcing specialists upon request or as directed by manager. With leadership, activity engage in the BU project planning process to ensure timely deployment of category-level strategies and securing necessary lead time to support project directed sourcing activities. Essential Responsibilities Execute contracting and procurement strategy/tactics for large-scale capital projects, sourcing for high value, complex goods and services. Develop should cost models and project justifications. Lead the process to define technical bid requirements, specifications, and specialized terms & conditions. Execute bidding events. Lead bid evaluation teams to analyze proposals and award business. Coordinate with Category Management to leverage scale for recurring purchase opportunities and value capture. Apply expert contract knowledge, diligence, and integration of all contract components to ensure efficient project delivery management. Lead the development, refinement, and application of the project delivery contracting strategy for assigned projects. Ensure contractor training and compliance with corporate policies and procedures. Develop complex contract negotiation strategies and plans to facilitate negotiation of contracts representing company interests in purchases associated with large-scale capital projects. Analyze, verify, and negotiate modifications, changes, or additional work orders that were not part of the original contract or purchase scope. Resolve disputes and contract adjustments with critical suppliers and internal stakeholders. With leadership, activity engage in the BU project planning process to ensure timely deployment of category-level strategies and securing necessary lead time to support project directed sourcing activities. Create and manage project plans for sourcing goods and services. Integrate sourcing and business project plans to develop enterprise-wide standardization of technology and equipment specifications. Deepen relationships with stakeholders and communicate sourcing project status. Execute post award contract management plans, including KPI development. Review with suppliers that contractor commitments and progress milestones are tracked in accordance with contractual terms & conditions and full project value is achieved. Lead post award contract management plans. Manage supplier performance to ensure commitments and progress milestones are met. Collaborate with Category Managers to support project needs in alignment with category strategies. Manage critical supplier relationships. Develop and lead capital project risk management strategies. Apply expert contract law knowledge to administer project contract agreements and contractual forms. Manage contract risk and assemble documentation to obtain project specific insurance. Limit company liability by ensuring proper documentation. Provide peer-level coaching and provide guidance to other sourcing professionals aa they develop their contract management skills. Provide expert knowledge industry relevant advice and training to less experienced sourcing professionals through various hands-on and classroom type methods. Minimum RequirementsBachelor’s degree in Supply Chain Management, Engineering, Construction Management, Business, or related technical/analytical field.MBA and Certified Professional in Supply Chain Management (CPSM) or other supply chain certification strongly preferred.Requires eight years of advanced contracting, sourcing, or logistics experience.Project management experience required.Expert contract knowledge, negotiation and project management skills required.Requires advanced expertise in sourcing and supply chain management principles.Proficiency in Microsoft Office Suite and significant experience with purchasing and sourcing systems is required.Must be results-oriented and customer focused.Strong interpersonal, relationship, and executive-level presentation skills are required.Up to 20% travel; driver’s license required.As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Individuals with a disability who need an accommodation to apply please contact us at View email address on click.appcast.io anticipated starting base pay for this position is: $130,000.00 to $159,000.00 per yearThis position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental LeaveBenefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.Deadline to Apply: 09/11/26EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility.ACCESSIBILITY STATEMENTXcel Energy endeavors to make accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at View email address on click.appcast.io. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.SummaryLocation: Minneapolis, MN, 55401Type: Full time