16 Mar CPD Seminar: Holistic Risk Assessment Model for Target Cost Contract – A Reality or Myth?

10, 17, 24, 31 Jan 2018

The problems inherent with the traditional design-bid-build procurement method often lead to the adversarial working relationships within the construction industry. Target cost contracts, accompanied by a gain-share/pain-share arrangement serving as a cost incentive mechanism, have emerged in the United States, the United Kingdom, Australia and Hong Kong with the aim of achieving better value for money and more satisfactory overall project performance under a collaborative working relationship. Moreover, target cost contracts are considered to be a desirable procurement option where project risks are taken jointly by the employer and the contractor.

Based on 10 years of research and teaching experience in target cost contracts, the two guest speakers, Cr Dr Daniel W.M. CHAN and Sr Dr Joseph H.L. CHAN will share with the audience of this seminar their personal academic knowledge and useful research findings covering the following areas of target cost contracts.

For the details, please click here.