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This module will introduce you to the application of knowledge and understanding of the activities of a Construction Commercial Manager. The module focuses on the commercial management of a project, considering the post-contract financial management activities for a contractor’s QS. From the standpoint of a contractor’s QS, the financial management of contracts cover all aspects of the contractor’s financial processes from tendering, through pre-start, monitoring and controlling site costs, dealing with change, to closing out a contract.
Here is the indicative module content:
? Introduction to Post-Contract Cost Control
? Tendering and Pre-start activities
? Cost -Value Reconciliation
? Earned Value Management
? Contract variance – unit costing
? Commercial management of projects including commercial reporting, analysis and management of cash, and costs
? Budgeting, cashflow forecasting, insurances, bonds, and warranties
? Principles of management accounting and Accounting standard (SSAP No. 9)
? Preparing and using cash flows
? Preparing cost reports and Cost and Value Reconciliation
? Contract Administration - Payments, Instructions, Valuation and Variation, Retention
? Construction Economics and planning, including financial control, the understanding of price, cost, and value.
? Variations and Change Management
? Costing of Construction
? Subcontract Management
? End of contract processes

LO1: Demonstrate understanding of contractor commercial management principles and cost reporting processes.

LO2: Analyse important information on cost reports and recognise the controls required for cost reporting plus the impact of changes on construction projects.

LO3: Apply knowledge to a given construction project scenario and produce outputs that demonstrate understanding of post-contract cost reporting and control.

LO4: Investigate and analyse the causes of losses and declining profit during construction projects.

L05: Critically discuss remedial actions to maintain and increase profitability in construction projects