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RICS (Royal Institution of Chartered Surveyors)

Construction Projects – Life Cycle Costing Principles (June 2019)

RICS Royal Institution of Chartered Surveyors

Saturday, June 29, 2019 from 9:30 AM to 5:30 PM (HKT)

Construction Projects – Life Cycle Costing Principles...

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Event Details

Date: Saturday 29 June 2019
Time: 09:30 to 17:30 (Registration starts at 09:15)
Venue: Room 3707, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong
CPD: 6 hours
Language: English (supplementary with Cantonese)



Life cycle costing helps to reduce the overall cost and maximize the benefits of a project by selecting the best design and components at the time of construction, and over the full life of the project. It is complex because potentially there are a huge number of costs to consider and time considerations are also a factor.

Take the first step in understanding and applying lifecycle costing to your projects by attending this RICS course. Our foundation course will give you grounding in principles of lifecycle costing and equip you with the ability to demonstrate comprehension of the methods.

The course will present the basic principles of LCC and how it can be carried out for different purposes and periods of analysis. You will learn how this tool can help to assess the cost performance of a construction work, including not only the initial costs but also the costs incurred during the operational stage.

The session will also explore the standard cost structure defined for LCC in construction projects and its element which provides a document that can be used by clients and professionals.

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



Mr 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 vast 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: 6 June 2019)
RICS members: HK$3,000.00
APC Candidates: HK$3,000.00
Non-member: HK$3,500.00

RICS members: HK$3,500.00
APC Candidates: HK$3,500.00
Non-member: HK$4,000.00




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

Have questions about Construction Projects – Life Cycle Costing Principles (June 2019)? Contact RICS Royal Institution of Chartered Surveyors

When & Where

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

Saturday, June 29, 2019 from 9:30 AM to 5:30 PM (HKT)

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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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