Commercial managers are responsible for the budget and keep on top of all the costs involved in large-scale construction projects.
- Responsible for the financial management of projects
- Recognizing business opportunities and putting together bids to win new business as well as negotiating and agreeing contracts which can be worth millions of pounds.
- Continuously work to strategically expand, preserve or improve procedures, standards or policies whilst sticking to regulatory guidelines.
- Newly trained commercial managers can earn in the region of £27,000 - £30,000
- Trained with experience commercial managers can earn in the region of £30,000 - £45,000
- Senior, chartered or master commercial managers can earn in the region of £45,000 - £70,000
Qualifications & TrainingMost Commercial Managers are from a Quantity Surveying degree background. Degree courses such as building studies, building engineering, construction engineering management and building technology are also common. These type of courses cover subjects as varied as construction design and technology, commerce, contract law and building materials. You learn all about management and the practicalities of running a project. At the same time you are taught economics, cost accounting and computer systems. Students often find out more about management roles by doing some industrial experience as part of their course. This may often be compulsory and linked to a subject option or piece of coursework within their related degree. If you are already qualified in a related career, you need to demonstrate significant experience in managing construction projects to become a Commercial Manager. This includes evidence that you have had extra training and development since you obtained your initial Quantity Surveying qualification.