A A A
Sunday, September 24 2017 7:23:17

Introduction
APC / ATC
CPD-HKIS
CPD by Others
 
Code : 2016130
Event Name : QSD Legal and Contract Series 2016 (10): Compensation Events: A Learning Journey in Roller Coaster or Carousel?
CPD Code : Formal Events
Speaker : Sr Hayman Choi, Divisional Director of Mott MacDonald Hong Kong Limited

Hayman has been a qualified quantity surveyor since 1995. He has over 23 years’ experience in all ranges of pre- and post-contract quantity surveying services. He is currently a Divisional Director with Mott MacDonald, and the lead of Mott MacDonald in supporting the Hong Kong Government’s trial use of NEC forms of contract in contract procurement. Up to end June 2016, he has led Mott MacDonald to win 21 NEC-related consultancy agreements from the Hong Kong Government. Since 2010, Hayman has participated in a total of 20 Government pilot NEC projects covering a mega underground stormwater storage scheme, a design and construction of a new hospital, an existing highway improvement scheme and a portfolio of maintenance contracts using various NEC forms with priced options to target cost options. He has delivered over 90 NEC-related training workshops, seminars and forums to various Government works departments and private clients.

Sr Tony Chiu, Principal Quantity Surveyor of Mott MacDonald Hong Kong Limited

Tony has been working in the construction industry for over 23 years with comprehensive pre- and post-contract quantity surveying experience. Currently he is a key member of Mott MacDonald Contract Advisory Team to support the Government’s NEC trials. He has performed as a project manager role in some of the Government’s high profile NEC pilot target cost contracts including a mega underground stormwater storage scheme and construction of sewage pumping stations as the first Government’s E&M contract using NEC. Tony has facilitated training sessions for NEC application and collaborative working for various Government works departments and has also been qualified as an Accredited NEC3 ECC Project Manager.
Event Date : 20/09/2016
Event Time : 7:00 pm - 8:30 pm (Registration and networking time: from 6:30 pm)
CPD Hour(s) : 1.5
Divisional PQSL Hour(s) : 1.5
Venue : Surveyors Learning Centre, Room 1207, 12/F, Wing On Centre, 111 Connaught Road Central, Sheung Wan, Hong Kong
Division : QSD
Closing Date : 18/09/2016
Fee : HK$120 for members of HKIS; HK$180 for non-members (HK$30 walk-in surcharge on all prices listed); Free of charge for student members studying full time (subject to availability)
Priority : QSD Members; First-come-first-served
Language : Cantonese supplemented by English
Details :

Hong Kong Government has started her trial of NEC (formerly named as New Engineering Contract) in contract procurement since 2009.  Up to end 2016 some 30+ pilot contracts have been launched to use this new form of contracts.  It is recognized that the Government has directed to extend the use of NEC beyond 2016 for works contracts.  It is therefore envisaged that more and more practitioners would sooner rather than later get involved in the use of NEC.

 

Under many traditional forms of contract, one of the key contract administration duties of quantity surveyors is valuation of variations and contractual claims. Under the NEC regime, we have a different name called “compensation events”.  Taking the most popular NEC form in use in Hong Kong, the Engineering and Construction Contract as an example, a number of compensation events are stated in the contract (e.g. adverse weather and change in Works Information), if occur, to enable the Contractor be entitled to a possible financial and/or time compensation. NEC requires all changes to time and cost as resulted from compensation events be assessed contemporaneously with the events arising. Such “sort it out now” approach could enable the contract parties to manage risk more effectively and offer the Employer a wider choice and better control over changes with an incremental price and time certainty in place. This is counter to the normal behaviour in many of the contracts using traditional forms of contract where adversarial relationship between the contract parties is quite common - to keep records and to “sort it out later” hopefully some months later if not years. In this seminar, Hayman and Tony will, via an interactive “role play”, explain the process of compensation events from notification to assessment until implementation, in order to help the audience to have a better understanding of this key NEC feature.

Remark :

FULL