Now here is an interesting question - What exactly is 'Commercial Management'?
The role of a commercial manager, and the commercial
management functions performed, play a critical part in the
commercial and financial success of a construction project
or of any other business.
In any industry, the role of a commercial manager is to
maximise the potential of a business in terms of
profitability. The commercial manager monitors, or controls,
internal processes such as production, and manages
external relationships with customers, clients and trading
partners. At the same time, the commercial manager
monitors financial performance (both forecast and
achieved) and manages any risks there may be to
achieving forecasts, whether these are known from the
outset or introduced through changing circumstances.
The evolution of commercial management within
construction is in line with all of the above. However, due
to the complexity of valuing and costing construction
works, commercial management within construction has
evolved into more of a technical discipline, largely carried
out by a quantity surveyor
services can prove invaluable to a wide range of stakeholders ranging
from governments, investors, major corporations and international
contractors, through to banks, lawyers and insurers, providing
specialist cost and commercial advice. We also support and enhance
clients’ existing commercial management teams by providing talented
commercial managers who can share their expertise and improve project
performance. Our specialist staff support projects from the inception
of a scheme through the establishment of cost management systems and
processes, to project completion.
|Here are examples of the types of activities that our Commercial Management and Quantity Surveying teams do if deployed to Commercial manage a Project|
|Project estimating, budget preparation & cost planning|
|Cost Reporting & Costs Forecasting|
|Evaluation of the Quantum of Claims & Variations|
recognise that each client’s needs are different and that the range and
degree of support and expertise required may vary considerably.
Understanding this, and the nuances of a contract, enables us to work
with each client to apply the appropriate processes and control
procedures necessary to protect our client’s contractual and commercial
You may have heard of the RIBA Plan of Work! You can find out more about the Plan of Work here https://www.ribaplanofwork.com/
First developed in 1963, the RIBA Plan of Work is a definitive UK Model, published by the RIBA themselves, for the building design, development and construction processes. This plan of work, is a great way during the development, construction and handover to manage and control the development cycle. Because your other consultants, including Architects and your engineers will also be aware of this plan, we believe that it is beneficial to you, to see when, where and how our services align with the plan.
For your ease the following diagram identifies the stage you or your project should be at in order to take advantage of our services described above.