#038 What is Commercial Management? 🤑

Hello folks 👋


In this post, I am going to discuss the concept of commercial management, and its differences/similarities to a traditional quantity surveying role. My experience with these roles has been from the client’s perspective, therefore it may well be different from a contractor’s QS / CM perspective.


In my experience, the QS and CM role has a lot of overlap. They are both responsible for preparing and controlling the budget throughout the construction lifecycle. I would say the key difference between the two is that the CM is responsible for obtaining funds for the works, whereas the QS is given a budget and has to work with it. A QS is more project focussed whereas a CM looks at a long-term strategy for the overall business and helps to meet its overall business aims.


For those of you looking to jump into commercial management, I would say go for it as it opens doors to higher-level roles and responsibilities. I’ve created a diagram below to identify the role overlaps if you are looking to move roles. Don’t be put off by the assistant title if you are an Assistant Cost Consultant / QS. As an Assistant Commercial Manager, you will be given more responsibility and will undertake work a lot more independently!






 

If you have any queries about what a commercial management role involves please get in touch!


My firm is always looking for competent staff so if you are interested in commercial management roles please send your CV to farhan.tanvir@cpcprojectservices.com!

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