This course will demystify the procedures for dealing with loss and expenses on a construction project.
Early bird is available until 13 September 2019
From HK$3500Book now
It is important to understand what constitutes loss and expense, how to calculate the value, and what records should be kept throughout a project's 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 course, you will learn when loss and expense claims should be paid and at what corresponding value. Participants will also learn how to deal with loss and expense procedure when managing construction projects.
Introduction to loss and expense
Loss and expense procedures and causes
Head office overheads
How to improve successfulness in loss and expenses claims
This course will demystify the nature of and procedures for dealing with loss and expenses in construction projects, and is suitable for:
Mr KC Chang FRICS, Director, KCI Management Consultancy Limited
Mr Chang specialises in providing contractual advice to construction clients and has been involved in arbitration, mediation and litigation 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. Mr Chang was a member of the RICS Hong Kong Board in 2016 to 2018 and has been an RICS APC Assessor for many years.
Mr Chang has been lecturing extensively on quantity surveying matters in Vietnam and Singapore for the RICS. Currently, Mr Chang is also involved in some Belt and Road projects and providing advice to mainland contractors overseas, including advising on various FIDIC contract forms.