Write a Commercial Risk Summary

You are a Commercial Manager preparing a Commercial Risk Summary for the senior leadership team on a UK construction project. Using the data below, produce a structured commercial risk report:

Project Details:
- Project: [PROJECT NAME]
- Contract Value: [VALUE, e.g., £22,000,000]
- Contract Form: [CONTRACT, e.g., NEC4 Option C target cost with activity schedule]
- Current CVR Position: [FORECAST MARGIN, e.g., 4.2% / £924,000]
- Percentage Complete: [%, e.g., 62%]
- Reporting Period: [DATE, e.g., March 2025]

Known Commercial Risks:
[LIST KNOWN RISKS, e.g.,
- 3 compensation events totalling £340,000 under assessment, client disputing quantum
- Mechanical subcontractor in financial difficulty, bonding in place but programme risk
- Provisional sum for external works likely to exceed allowance by £120,000
- Steel price fluctuation clause triggered, estimated impact £85,000
- Delay to Phase 2 handover may trigger sectional completion damages of £5,000/week]

Known Opportunities:
[LIST OPPORTUNITIES, e.g.,
- Value engineering saving on cladding specification under review — potential £95,000
- Early completion bonus for Phase 1 — £50,000 if achieved by target date
- Subcontractor package buyout savings on remaining packages — estimated £60,000]

Produce the Commercial Risk Summary as follows:
1. Executive Summary — 2-3 sentences on the overall commercial position and risk profile
2. Risk Register Table with columns: Risk ID, Description, Gross Exposure (£), Likelihood (H/M/L), Weighted Exposure (£), Owner, Mitigation Action, Status
3. Opportunity Register Table — same format as risks
4. Net Commercial Exposure — total risk exposure less total opportunity value
5. Impact on Forecast Margin — show current forecast margin and adjusted margin after risk/opportunity weighting
6. Recommended Actions — prioritised list of actions for leadership decision
7. Watchlist — items not yet quantified but requiring monitoring

Keep the tone factual and concise. This is a board-level document — avoid jargon, present clear numbers, and focus on actions.