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Construction Project Management – Loss & Expense (OCT 2019)

RICS Royal Institution of Chartered Surveyors

Saturday, 12 October 2019 from 09:30 to 17:30 (HKT)

Construction Project Management – Loss & Expense (OCT...

Ticket Information

Ticket Type Sales End Price Fee Quantity
RICS Professionals 11 Oct 2019 HK$3,500.00 HK$0.00
Non-RICS Professionals 11 Oct 2019 HK$4,000.00 HK$0.00

Share Construction Project Management – Loss & Expense (OCT 2019)

Event Details

Date: Saturday, 12 October 2019
Time: 9:30am to 5:30pm 
Venue: Room 3707, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong
CPD: 6 hours
Language: English (supplementary with Cantonese)




Overview

It is important to understand what constitutes loss and expense, how to calculate the value, and what records should be kept throughout the project life cycle to assist in the claims process.

Loss and expense should be clearly defined in the construction contract and determines criteria for restitution paid to contractors, in order to rebalance cash position prior to instances of breach of contract. In this class, you will learn when loss and expense claims should be paid and at what corresponding value.

This course will enable the participants to deal with loss and expense procedure when managing construction projects.

Pathways and Competencies

Construction and Project Management

  • Commercial management
  • Contract administration
  • Architecture
  • Construction agency
  • Dispute resolution
  • Quantity surveying & construction
  • Building surveying




Learning outcomes

  • Ascertain / determine Loss & Expense
  • Prepare / deal with a Contractor’s Loss & Expense Notice
  • Advice the various parties relating to this subject on their obligations
  • Keep records to assist in loss and expense ascertainment

 



Course Structure

Introduction to Loss & Expense

  • What are loss and expense?
  • How are loss and expense calculated?

Loss & Expense Procedures and Causes

  • Parties obligations relating to the subject
  • Content of Contractor’s Notices
  • Architect / Contract Administrator’s obligations regarding ascertainment
  • Typical heads of claim and formulae
  • Cause and effect schedules for demonstrating loss and expense

Head Office overheads

  • Methods and calculation
  • Good Record Keeping



 

Who should attend

This course will demystify the procedures for dealing with loss and expenses on a construction project, and is suitabe for:

  • Commercial Managers
  • Quantity Surveyors
  • Project Managers
  • Employers Agents
  • Contract Administrators
  • Architects

  



Trainer

Mr KC Chang MRICS, Member of RICS Hong Kong Board
Director, KCI Management Consultancy Limited

Mr Chang has been a chartered quantity surveyor since 1992 and has been involved in the profession for over 30 years. During this period, Mr Chang has held senior positions in leading construction companies and has setup his own business.

Mr Chang specialises in providing contractual advice to construction clients and has been involved in arbitration, mediation and litigations on construction disputes.

Before setting up his own business in 2005, he worked as a quantity surveying manager for a large contractor in Hong Kong, where he was extensively involved in heavy civil engineering projects. He is currently a  RICS APC Assessor.

 


 

Registration

Early bird (Register on or before 13 September 2019)
RICS Professionals: HK$3,000.00
Non-RICS Professionals: HK$3,500.00

Regular
RICS Professionals: HK$3,500.00
Non-RICS Professionals: HK$4,000.00




Enquiry

For inquiries or further information, please contact Mr. Peter Au at +852 2116 9719 or email pau@rics.org

Do you have questions about Construction Project Management – Loss & Expense (OCT 2019)? Contact RICS Royal Institution of Chartered Surveyors

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When & Where


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

Saturday, 12 October 2019 from 09:30 to 17:30 (HKT)


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Organiser

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.

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