CMC provides consulting in Commercial Project Management, assistance to projects under execution, upgrade of budgeting tools and ways of working as well as preparation of guidelines on financial instruments (most importantly standby L/Cs) and tax aspects for upcoming projects on the basis of Owner’s experience as Commercial Project Manager and worldwide Director of CPM.
Budget information is a very important part of any project Dashboard. Budgeting tools must always focus on the completion date of a project and properly link with the ERP system in place. WBS and budgetary information structure shall be tailored to he needs at the beginning of the project lifetime and remain in place until completion.
Invoicing at the appropriate time as well as invoice and payment follow-up is crucial both on Client’s and Contractor’s side, be it in a milestone or a progress-payment scenario. Where payments are not cash but from L/Cs, appropriate handling is delicate and the preparation of compliant documents may be difficult. Appropriate strategies in negotiating L/Cs and related contract language are crucial. Based on its vast background, CMC can assist and it can even tailor IT tools for project-related follow-up of CPM activities.

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Usefull links –
ICC Store: http://store.iccwbo.org/
ISBP: http://store.iccwbo.org/international-standard-banking-practice-3
UCP 600: http://store.iccwbo.org/icc-uniform-customs-and-practice-for-documentary-credits