BuiltIntelligence

Commercial Management

In construction, commercial management generally refers to the overseeing and management of a project's finances as it progresses. The commercial manager must maximise business potential in terms of growth and profitability, while monitoring and controlling internal processes as well as managing external relationships with subcontractors, clients, and so on. Due to the complexity of valuing and costing construction projects, commercial management has developed into a technical discipline, most commonly undertaken by quantity surveyors.