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| The $450 million Building Energy Efficiency Funding Schemes have been launched to subsidize more than 1,600 projects to enhance the energy efficiency of Hong Kong's buildings. |
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Security of Payment for Hong Kong Construction Industry
Workable Alternatives and Suggestions
Article by Teresa Cheng, Gary Soo,
Mohan Kumaraswamy and Wu Jin
In Hong Kong, getting paid is not always easy and the construction industry stands as an illustration on how much effort may be needed to achieve this and how adverse impacts can escalate from payment problems. |
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Funded by the Trade & Industry Dept. of the Hong Kong SAR, and supported and developed by The University of Hong Kong, the SMILE-SMC web-site was developed from Nov. 2003 to Feb. 2006, with strong industry inputs. SMILE-SMC first focused on improving the competitiveness of 'Small and Medium Contractors' (SMCs), but was soon found useful for all Contractors. The ultimate aim is to develop the follow-on SMILE-NET web-site into a valuable information resource and knowledge exchange platform for the whole construction industry. |
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In June 2007, The University of Hong Kong (HKU) signed an agreement with China Trend Building Press Ltd. to implement the Phase 2 development and operation of the SMILE-SMC web-site. Aiming at spreading and multiplying the site's benefits to a wider community, China Trend will also be responsible for the continuous up-dating, upgrading, maintenance and further promotion of the Phase 2 website, named SMILE-NET. This site will also include companies and users from Mainland China, as well as overseas.
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