This report provides a comprehensive overview of commercial project negotiation, encompassing various critical aspects of project management. It begins with an introduction to project negotiation, defining its significance in fostering operational development and aligning project activities. The report then delves into project contractual arrangements, outlining the steps involved in contract development, formalization, and management, along with a comparison of governmental and non-governmental approaches. Stakeholder agendas are analyzed, highlighting their objectives such as timely project completion, effective communication, and solutions for project execution, alongside potential challenges. The core of project negotiation is explored, emphasizing the process of reaching mutual agreements and facilitating the development of project deliverables. Furthermore, the report addresses project conflict management, stressing its importance in maintaining harmony within project teams and aligning activities for effective project outcomes. References to relevant literature and resources are provided to support the analysis and findings, offering a well-rounded perspective on commercial project negotiation.