THE HONG KONG INSTITUTE OF SURVEYORS

Code	:	2017179
Event Name	:	QSD Cost Management Series 2018 (1): Internal Project Cost Audit for Mitigation of Risks and Reduction of Construction Costs in Hong Kong Property Developers
CPD Code	:	Formal Events
Speaker	:	Sr Joseph HC Chong, BSc(Surv), MSc(IDM), FHKIS, RPS(QS), MHKICM, RCM, BeamPro(incl BI) Joseph is currently a project cost audit manager in a private property developer responsible for the project cost audit department. He has served as a QSD Council Member since 2005 and is currently the HKIS IT Committee Chairman. He was the Chairman of Young Surveyors Group of the HKIS in 2008-2009 and inaugural Chairman of the Pacific Association of Quantity Surveyors Young Quantity Surveyors Group from 2010-2014. Joseph has 16 years working experience in quantity surveying and has been working for property developers in the last 8 years, for different types of new build and fit-out projects in Mainland China, Hong Kong, the UK and Singapore.
Event Date	:	2018-01-16
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
Fee	:	HK$120 for members; 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
Details	:	Most property developers in Hong Kong are listed companies. They are required to establish sound internal control and risk management system and procedures to avoid significant losses. As construction projects involve substantial capital expenditures, internal project cost audit functions are often established within Hong Kong property developers to mitigate risk and reduce construction costs, even though independent cost consultants have been used. Quantity surveyors are qualified professionals to carry out internal project cost audit functions as they are familiar with tender procedures, construction contracts and costs. In this talk, Joseph will share the typical scope of work of internal project cost audit functions in different property developers. He will also set forth examples of high risk areas and common issues identified in the construction cost audit process.
Remarks	:	FULL (NO WALK IN AVAILABLE)
Payment	:	HKD 120
Face-to-Face/Zoom	:	Please refer to the remarks

1.	The registration fee is non-refundable and non-transferrable.
2.	A registration number will be generated for each application. The registration number is unique and non-transferrable. Members cannot proceed to payment if they do not apply the CPD event and obtain the registration number through the HKIS website.
3.	Payment can be made by cheque or by Credit Card (Shanghai Commercial Bank Ltd. / American Express). Cheques should be made payable to “SURVEYORS SERVICES LTD.”. A separate cheque or Credit Card payment instruction form is required for each event/ application. You should write down the registration number and HKIS membership number at the back of your cheque. The HKIS Secretariat will update the payment status and your application will be confirm when HKIS Secretariat receive your payment.
4.	Payment by PayPal is also acceptable. Please register in our web site before the closing date for each event. Please be reminded that if you cannot settle the payment within 7 days from the date the HKIS Secretariat accepted your registration, your registration number will be invalid and your application will be rejected. Your name will not be included in the registration list and you cannot attend the concerned CPD event. (Not applicable for site visit / social event / joint event with other organisation)
5.	An official receipt which must be presented at the event, will be available for downloading from the "CPD Profile" under Members Corners when payment is received.
6.	Incomplete or wrongly completed registration will not be processed.
7.	In the event a Typhoon Signal No. 8 or above or Black Rainstorm Warning is hoisted, the event will be postponed and a new arrangement will be announced. Should the aforesaid warnings be lowered 4 hours before the event, the event will proceed as normal.
8.	If you have not received any reply from HKIS Secretariat within 7 days of the event, you may call the Secretariat at 2526 3679 to check the progress of your registration.
9.	The HKIS reserves the right of final decision and interpretation in the case of any disputes.

1.	I confirm that I fully understand and accept the risk of joining the above visit. Under no circumstances shall The Hong Kong Institute of Surveyors ("HKIS"), their staff or agents be held liable for the consequence of any accidents whether or not they are caused by the negligence of the HKIS, their staff and/or agents.
2.	Members participating in the above visit shall be in good health condition.
3.	While the HKIS has arranged Group Personal Accident insurance for members joining the above visit, members who have been accepted for joining the above visit can consider procuring an appropriate insurance policy to cover their own risks before attending the event.
4.	Claims related to COVID-19 and/or pandemics are excluded under the insurance policy procured by the HKIS.