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Black Book Series: Liquidated Damages (LD)

RICS Royal Institution of Chartered Surveyors

Tuesday, September 10, 2019 from 7:00 PM to 9:00 PM (HKT)

Black Book Series: Liquidated Damages (LD)

Ticket Information

Ticket Type Sales End Price Fee Quantity
RICS Professionals & APC Candidates Sep 10, 2019 HK$350.00 HK$0.00
Early bird - Non RICS Professionals Sep 10, 2019 HK$400.00 HK$0.00

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Event Details

Overview

Liquidated and Ascertained Damages (“LD”) is one of the important Clauses under the common Building Contracts in Hong Kong, and world-widely.

In general, for a delay of completion of works, which is in default of the contractor, LD amount as stipulated under the contract might be deducted.

In this seminar, the following shall be discussed:
• Meaning, principle, intent and the benefit of a LD
• Contra proferentem rule;
• Time at large;
• What if no LD amount is inserted in the contract;
• What if no provision of LD clause under a contract;
• How to estimate the amount of a LD;
• How to implement for such a deduction;
• Defence to claim for a LD;
• LD or penalty;
• A recommended format with examples for calculating a LD amount for a project

Speaker

 

Ludwig, C Y HON FRICS
FHKIS, FCInstCES, FHKIArb, FCIArb, RPS[QS], Registered Expert Witness, Arbitrator, Mediator, Director of C Y Hon Consultants Ltd

 

Ludwig is a Chartered Quantity Surveyor with more than 30 years working experience in the construction industries of Hong Kong, Macau, PRC, Singapore, Vietnam and Australia. During this period Ludwig has worked for private consultancy firms, public authority, developer, main contractor and sub-contractor firms.

 

Ludwig is an expert in costs and contracts, experienced in pre- and post-contract cost control procedures, and has particular experience in preparing and negotiating claims and disputes including extension of time and loss and expenses, mainly for building and civil engineering works. He has been appointed on many occasions to provide contractual advice and has prepared more than 40 EOT reports, expert reports and / or acted as expert witnesses in front of various courts.

 

Additionally, he has been involving in mediation and dispute avoidance / resolution since 2005. He has been appointed on 7 occasions as Mediator. He has been acting as the Dispute Resolution Advisor / Dispute Avoidance and Resolution Advisor between the Government and the Main Contractor for 7 occasions, and on the list of the HKIAC Arbitrator and HKIA/HKIS Arbitrator and registered as RICS (HK) Registered Expert Witness.

 

 

Enquiry

Mr Peter Au, Business Development Manager

Tel: 2116 9719

Email: pau@rics.org

 

Remarks:

  • The organiser reserves the right to cancel or reschedule the seminar at its discretion.
  • No refund or cancellation will be accepted, but a substitute delegate is normally permitted. Please inform the organiser of your substitute delegate at least 5 days before the seminar.
  • If a typhoon signal no. 8 or above, or black rainstorm warning is in force at least 3 hours before the programme is scheduled to begin, the seminar will be postponed until further notice. Otherwise, it will continue as scheduled.
  • Registration will only be confirmed upon receipt of completed registration form and full payment.
  • Upon completion of this event, a CPD certificate will be granted. A payment receipt along with the CPD certificate will be sent to you by email with 10 business days after the seminar.
Have questions about Black Book Series: Liquidated Damages (LD)? Contact RICS Royal Institution of Chartered Surveyors

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When & Where


RICS Hong Kong Office
Room 3707-09
Hopewell Centre, 183 Queen's Road East,
Wanchai, Hong Kong
Hong Kong SAR China

Tuesday, September 10, 2019 from 7:00 PM to 9:00 PM (HKT)


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Organizer

RICS Royal Institution of Chartered Surveyors

RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve.

 

We accredit 125,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply.

  Contact the Organizer

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