Well and commendably concluded (4)

I believe the answer is:

ably

I'm a little stuck... Click here to teach me more about this clue!

'well' is the definition.
(I've seen this before)

'commendably concluded' is the wordplay.
'ABLY' is hidden within the letters.
But, I'm uncertain how the hidden word is indicated.

'and' acts as a link.

Can you help me to learn more?

(Other definitions for ably that I've seen before include "With great skill" , "In a competent fashion" , "Competently" , "well" , "Masterfully" .)

I've seen this clue in the Evening Standard.

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