Similar to any other function required for managing capital construction projects, the commercial management team needs to first ensure that all processes needed to achieve the objectives of managing the project’s commercial activities are fulfilled. Managing those processes should be done in a transparent and accountable format to ensure that Read more…
In accordance with the Royal Institute of Chartered Surveyors (RICS), Vendor Management, or the ‘upfront’ management of the supply chain, is the overarching management of all contacts, service offerings, and performance and trading history records of any organization that provides products and services to the business. RICS professional guidance for Read more…
In accordance with the Royal Institute of Chartered Surveyors (RICS), Post-Tender Budget, also known as Budget to Build or Project Budget, is an evolution of the project’s cost estimate, updated to reflect information not available when the estimate was first produced; an estimated plan of the cost to complete the Read more…
