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RICS Online Series - Construction Project Management Series [APR 2020]

RICS Royal Institution of Chartered Surveyors

Saturday, 25 April 2020 from 09:30 to 17:30 (HKT)

RICS Online - Construction Project Management Series...

Ticket Information

Ticket Type Sales End Price Fee
Quantity
Module 1 - APC / RICS member 24 Apr 2020 HK$1,000.00 HK$0.00
Module 1 - Non-member 24 Apr 2020 HK$1,500.00 HK$0.00
Module 2 - APC / RICS member 24 Apr 2020 HK$1,000.00 HK$0.00
Module 2 - Non-member 24 Apr 2020 HK$1,500.00 HK$0.00
Both modules - APC / RICS member 24 Apr 2020 HK$1,800.00 HK$0.00
Both modules - Non-member 24 Apr 2020 HK$2,600.00 HK$0.00

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Event Details

Date: Saturday, 25 April 2020
Time: 9:30am to 5:30pm 
Format: Online learning*

CPD: Module One - 3 hours / Module Two - 3 hours
Language: English (supplementary with Cantonese)

 

*This online event will be conducted through Skype Business. You will be provided with the link and further instructions, 1 to 2 days before the event. Please visit https://products.office.com/zh-hk/skype-for-business/download-app to download Skype Business.  




Overview

 

Module One - Loss & Expense

 

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.

 

Module Two - Variations Management

 

A variation to a contract is one of the main reasons that a contract can fall into dispute. To avoid this potentially costly delay, issuing, valuing and then managing a variation to a contract properly is extremely important.

 

This session will take you the best practice contract procedures for the variation of a contract, including how to issue instruction, keeping records and how to value variations.




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
  • How to define a variation
  • What are provisional sums and their consequences
  • Apply your knowledge to valuation of variations
  • How to prepare and value variations
  • Managing the variation process through record keeping

 




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

Introduction to Variations

  • Definition of a Variation
  • Formats of Instructing Variations

Provisional Sums

  • Types of Provisional Sums – Defined and Undefined

Valuing Variations

  • Methods and examples
  • Pricing variations
  • Variation management

Record Keeping
Change control procedures

 


 

Who should attend? 


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

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

  



Trainer

 

Mr KC Chang FRICS, FHKIS, FCIArb, FICES
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.

 


 

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 RICS Online Series - Construction Project Management Series [APR 2020]? Contact RICS Royal Institution of Chartered Surveyors

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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.

  Contact the Organiser

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