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RICS (Royal Institution of Chartered Surveyors)

Construction Projects – Life Cycle Costing Principles Jan 2018

RICS Royal Institution of Chartered Surveyors

Saturday, January 13, 2018 from 9:30 AM to 5:30 PM (HKT)

Construction Projects – Life Cycle Costing Principles...

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Event Details

Date: Saturday 13 Jan 2018
Time: 09:30 to 17:30 (Registration starts at 09:15)
Venue: Room 3707, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong
Fee: $3,000 (RICS member / trainee); $3,500 (non-member)
Early bird discount (delegates registered before 30 Dec 2017 are entitled to this discount):
CPD hour: 6 hours
Language: English
Capacity: 36 (first-come, first-served)

Event overview

Up to date, the design professional is not limited to concern the usage, environmental sustainability, total quality management, value engineering, etc are taking into consider, which emerge the issue of life cycle costing (LCC). Life cycle costing is a tool for assessing the total cost performance of an asset over time, including the acquisition, operating, maintenance, and disposal costs.

As focusing on achieving better value from constructed assets and with this has come a recognition that better value does not mean lowest capital cost alone, instead, the focus has shifted to the evaluation of all the costs and impacts of operating constructed assets over their life cycle, and to minimizing both the life cycle costs and the environmental impact.

Design professionals is the essential concept of life cycle costing synthesized into the lifespan of a building, which can be an economic assessment of competing design alternatives, considering all significant costs over the economic life of the alternatives, presenting in five main stages: concept planning, design, construction, operations, and replacement or disposal.

By the end of the course you will be able to:
• Demonstrate knowledge of the principles and steps of LCC
• Identify the benefits of LCC for clients
• Highlight how LCC can be used to predict cash flows or carry out option appraisals
• Point out when a LCC exercise is needed and how reports are constructed

Course Content

The course is composed of the following:
1) Definition of life cycle costing
2) Use and benefits of life cycle costing
3) Steps to consider when carrying out a LCC exercise
4) Relevant costs and cost data structures
5) LCC period of analysis
6) How LCC is linked to sustainability
7) LCC reports

About the Trainer

Sr Li Tak Hong, Dick

Dick is a Professional and Project Manager and Survyor with over 29 years' experience in the construction industry of Hong Kong. During his 29 years professional career, Dick has gained vsat and varied practicing experiences in construction field.

Currently he is actively serving various sectors, institutes and associations in the construction industry of Hong Kong, i.e. RICS, HKICM, HKIS, CIOB, HKIIE, HKICW, HKISA, ICWCI

Early Bird deadline: Sat, 30 Dec 2017, 23:30

Deadline for registration: Fri  12 Jan 2018, 4:30pm

Have questions about Construction Projects – Life Cycle Costing Principles Jan 2018? 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, January 13, 2018 from 9:30 AM to 5:30 PM (HKT)

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RICS Royal Institution of Chartered Surveyors

Confidence through professional standards

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 and real estate management; the costing and leadership of construction projects; 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 professionals are involved the same standards and ethics apply.

We believe that standards underpin effective markets. With up to seventy per cent of the world’s wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe.

With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.

We are proud of our reputation and we guard it fiercely, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.

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Construction Projects – Life Cycle Costing Principles Jan 2018
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