Friday, December 4 2020 18:20:07

CPD by Others
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 : 16/01/2018
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 : Please refer to "Remarks"
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.

Remark :