Commercial Management plays a vital role in the commercial and financial success of a project and the business. Commercial Management may include overall commercial and contractual responsibilities of projects and the business. However, most of the Contracting companies deal Tendering & Estimation, Procurement, Project/Cost Control, Contracts & Claims Management, Post-Contract Administration/Commercial Management as separate divisions to enhance efficiency of services. In the view of this concept, our services related to Post-Contract Administration/Commercial Management include but are not limited to:
- Budgeting (Post Tender Budgeting/Re-budgeting)
- Procurement of subcontractors and materials
- Supply Chain /Subcontract Management (Sub-Contracting, progress payments, Final Accounts etc.
- Valuation of Works and Payment request, Certification
- Change Management (Valuation of Variations & Value Engineering)
- Project Financial/Commercial Reports (Cost Reports, CVR/P&L, Cash in & out flow, Earn-value Management)
- Contracts & Claims Management
- Project Risk and Opportunity Analysis
- Dispute Management