Commercial Management Fundamentals Module 1: Scope, Measurement, Pricing & Innovation

Overview

This module examines the impact of design development and construction methodology on cost throughout the life of an asset. It focuses on the quantification and pricing of cost at the pre-contract stage and how design decisions influence construction cost, risk allocation and whole-of-life outcomes.

Completion of this module contributes to attaining the Cost Planning and Quantification and Costing of Construction competences as part of the RICS Quantity Surveying and Construction Assessment of Professional Competence.

Topic areas covered include: Scope definition, development and control; Design stages and their commercial implications; Measurement and quantification methods for pricing and risk; Pricing strategies and allowances for uncertainty; Innovative approaches to delivering value, including modern value engineering principles; Consideration of whole-life cost and operational impacts.

The training programme aligns with RICS Global Construction Standards, ensuring relevance across multiple jurisdictions and strengthening the global transferability of commercial management skills. This is particularly valuable in Australia and the wider APAC region, where clients and contractors seek assurance that international recruits and local staff are working to the same globally recognised baseline.