Skip Main Navigation
Page Content

Save This Event

Event Saved

RICS (Royal Institution of Chartered Surveyors)

Construction: Contractual Commercial Awareness (Oct 2019)

RICS Royal Institution of Chartered Surveyors

Saturday, November 9, 2019 from 9:30 AM to 5:30 PM (HKT)

Construction: Contractual Commercial Awareness (Oct...

Share Construction: Contractual Commercial Awareness (Oct 2019)

Event Details

Date: Saturday, 5 October 2019
Time: 9:30am to 5:30pm 
Venue: Room 207, 2nd Floor, Opulent Building, 402-406 Hennessy Road, Wanchai
CPD hour: 6 hours
Language: English

Early bird discount: HK$3,000 (RICS Professionals); HK$3,500 (Non-RICS Professionals)
Course fee: $3,500 (RICS Professionals) ;$4,000 (Non-RICS Professionals)

 



Overview

As a foundation for projects to be managed and executed by, the purpose of a contract is to provide a mutually agreed commercial relationship for all the stakeholders involved. Contracts are also critical in protecting parties against risks which result in delays, expenses and liabilities.  However, they are often neglected within the construction project itself.  As a result, the mechanism in which parties must adhere to becomes impaired.  From procurement to formation, design, works and final account, this course explores the rudiments of commercial awareness in construction contracts and provide delegates with the necessary acumen and confidence to negotiate commercially viable contracts and ultimately manage risk for any construction project.

Learn from an experienced construction professional practicing in commercial management, who will deliver practical advice aimed to prevent contracting parties from falling out.

This course will provide you with the knowledge required to establish or defend an entitlement in a contract. The notes and materials included will also provide an excellent reference point when engaged in contract negotiation after the course.

Competencies

  • Commercial management of construction
  • Contract administration
  • Contract practice
  • Quantification, costing and price analysis

APC Pathways

  • Quantity Surveying and Construction
  • Building Surveying
  • Project Management




Course Content

  • Establish formation of the Contract to Offer Consideration and Acceptance
  • Recognise the common pitfalls in contract formation
  • Identify appropriate subcontracts and other inherent relationships with third parties
  • Distinguish between the differing ways of procuring the works and how the Risk Profiles differ
  • Characterise the many varied forms of contracts available and the effect of bespoke amendments upon them
  • Consider design transfer, its impact and illustrate what design means
  • Assess the contract mechanisms and embedded pitfalls
  • Critique the effectiveness of Liquidated Damages
  • Explore the mechanisms relating to extension of time, programme and delays
  • Investigate the procedures for variation and loss and expense
  • Contrast between the dispute procedures available to the stakeholders

 



Who Should Attend?

  • Quantity Surveyors
  • Commercial Managers
  • Project Managers





Learning Objectives

After this programme, you will be able to:

  • Recognise the vital ingredients in contract formation
  • Establish the stakeholders and third party relationships in construction projects
  • Analyse the commitments made by the contracting parties, especially in respect of design
  • Identify the typical entitlements and defences to claims for additional time, money and Liquidated Damages
  • Determine the compliant payment mechanisms

 



 

Trainer

Dr. KEUNG, Calvin FRICS
BSc, MSc, PhD, MHKIS, RPS(QS), MbSHK

Dr. Calvin Keung is a chartered surveyor by profession and he practiced in an international QS firm before joining the City University of Hong Kong in 2006. Dr. Keung has published research articles in topics of construction project networking and BIM applications. He is also the author of a number of construction textbooks in Hong Kong. His overall research goal is to improve construction efficiency and cooperation through BIM deployment and promote collaborative project network to enhance BIM management. In addition, Dr. Keung focuses on professional education and student career development. He got several teaching grants for education research and he is active in organizing events to foster linkage between academia and the construction industry. Currently, Dr. Keung is Departmental BIM Coordinator and BIM Coordinator of the IBPD course.

 


 

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 training 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 training.
  • 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 training 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 training.




Have questions about Construction: Contractual Commercial Awareness (Oct 2019)? Contact RICS Royal Institution of Chartered Surveyors

Save This Event

Event Saved

When & Where


Room 207, 2nd Floor
Opulent Building
402-406 Hennessy Road
Wanchai, Hong Kong
Hong Kong SAR China

Saturday, November 9, 2019 from 9:30 AM to 5:30 PM (HKT)


  Add to my calendar

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

Please log in or sign up

In order to purchase these tickets in installments, you'll need an Eventbrite account. Log in or sign up for a free account to continue.