A commercial manager oversees the financial and contractual aspects of projects, ensuring profitability and compliance with industry regulations. They manage budgets, negotiate contracts, and assess commercial risks to protect the company’s interests.
Key tasks include cost forecasting, contract administration, managing supplier and client relationships, and ensuring projects meet financial targets. Commercial managers also lead on dispute resolution, procurement strategies, and commercial reporting.
Strong negotiation, analytical, and financial management skills are essential. Experience with contract law, procurement processes, and industry-standard contracts (e.g., NEC, JCT) is often required. Many commercial managers have a background in quantity surveying, finance, or business management, with professional accreditation such as RICS or CICES.
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