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RICS and Global Cost and Commercial Management of Construction: Australia

RICS and Global Cost and Commercial Management of Construction: Australia, 1st edition

This guidance note outlines the role of commercial management within the Australian construction market, providing a framework of guidance covering the most common tasks that a commercial manager will perform on a construction project.

However, it could equally apply to the overall commercial management of a framework contract within infrastructure or facilities management, as well as to a construction business or divisional unit. In addition, many of the commercial considerations are equally relevant for commercial managers representing clients or consultancies.

This guidance note covers:

  • understanding estimates
  • value engineering
  • supply chain management
  • valuing work
  • understanding cost
  • cost/value analysis
  • cash and cost flow analysis and
  • commercial decision making