There are no pre-requisites for this module to be added

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

Upon completion of this module you will be able to

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

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.

LO5: Critically discuss remedial actions to maintain and increase profitability in construction projects.