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What is commercial management?

Commercial management involves negotiating formal business agreements between two companies. Deals are established by contract managers, who coordinate the process and make sure each party clearly understands their rights, responsibilities and deliverables.

Successful projects demand strong commercial management & leadership, robust commercial controls, strategic procurement advice, and a sound contracting strategy.

Basics of Commercial Management

There are numerous phases in commercial management – from submitting the initial proposal, to negotiating the terms of the agreement, to terminating or renewing the contract upon its expiration. Professional contract managers are not only responsible for creating and renewing contracts, but they also interpret, manage and enforce existing contracts.

Applying this to the early stages of a project ensures the profitable management of projects and contracts from inception to completion, and ensures the identification and development of business opportunities.

project management


commercial management can be considered to cover:

  •    Accounting.
  •       Assessment of financial viability.
  •        Budget planning, monitoring, and forecasting.
  •        Estimating, tendering and procurement strategy.
  •        Cash flow forecasting.
  •         Contract administration, valuation, variations, disputes, claims and negotiation.
  •         Risk management and value management.
  •        Supply chain management.
  •         Business development and planning.

 

TC Consultancy has valuable 15 years of experience in the Architectural, Engineering Construction industry to its credit through its qualified and experienced professionals.

Commercial management for construction

A successful construction project is one that is delivered on time, to budget and at the required quality. Commercial managers balance these drivers with longer-term strategy of the business and the client's own commercial drivers. If a project achieves, or exceeds, the anticipated return for the business, with the client relationship maintained or improved, then the commercial management strategy will be seen to have been a success.

Quantity surveyor

Quantity surveyors (sometimes referred to as cost consultants or commercial managers) provide expert advice on construction costs. They help to ensure that proposed projects are affordable and offer good value for money, helping the client and the design team assess and compare different options, and then track variations, ensuring that costs remain under control as the project progresses.

Construction management solution

We deliver successful developments and reliable construction management solutions to residential buildings and villas, infrastructure, luxury hotels, art galleries, malls, parks, commercial buildings, high rise towers, development projects for the private sector and clients, government sector, consultants and contractors.

Our motto is to provide bespoke solutions in a professional manner within the stipulated time.

Our inimitable experience together with our experienced team of expert contruction project management  professionals provide us with a distinct ability to deliver a comprehensive continuum of services that exceed our clients’ expectations. With our team, we have been building excellence since the last fifteen years. For more information about services you can visit our website.

contact us: +971 6 557 3924

Location: Block P6-190, SAIF Zone, Sharjah, UAE.

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