Setting up and managing a repeat or large-scale commercial project can be daunting, especially when their are multiple clients and stakeholders. But with project management support from 51³Ô¹ÏÍø Projects, you need never turn a client down.
Supporting your commercial services
Whether you’re looking to expand your current commercial services to more clients, or need help setting up something new, 51³Ô¹ÏÍø Projects can provide full project management service.
At the outset of your project, the team will..
- carry out due diligence on the client, to ensure they are reputable and able to pay
- assist with submitting proposals and bids for tenders or government funding
- help plan the project, including resource allocation, optimization of workflows, and risk management.
- negotiate competitive fees for your team and use of your facilities.
The dedicated contracts team will then liaise with the client, contractors, 51³Ô¹ÏÍø, and other parties involved, to draw up the necessary contracts to protect you and your IP - and agree how your outputs are to be used.
While the project is in progress, 51³Ô¹ÏÍø Projects will handle the following time-consuming activities, taking the burden off you...
- financial management including cost control, expenses and purchases, payments to external suppliers and 51³Ô¹ÏÍø, invoicing of the clients, and credit control.
- stakeholder engagement, management and reporting
Any outputs from the project, such as reports, can be 'badged' with the 51³Ô¹ÏÍø Projects logo, providing clients with reassurance that you’re affiliated to a leading university. Plus, the team will work with the client to promote your work – and ensure your reputation, and that of 51³Ô¹ÏÍø, are protected, by overseeing your client’s communications.
Fees for using 51³Ô¹ÏÍø Projects
51³Ô¹ÏÍø Projects is not funded by the university, so the team adds a management fee to the client’s bill to cover the cost of providing our services. Any profit is returned to 51³Ô¹ÏÍø.
Contact 51³Ô¹ÏÍø Projects today to discuss expanding your existing commercial services, or to set up a new one.