(CPCF) Construction Productivity & Capability Fund - The Building and Construction Authority (BCA) previously introduced an S$250-million Construction Productivity and Capability Fund (CPCF) as part of the Singapore Government’s measures to help the construction industry improve productivity and strengthen its capability.
The CPCF includes incentive schemes that primarily focus on workforce development, technology adoption and capability development in Singapore’s built environment.
This follows the S$250 million CPCF set aside in 2010, which was later topped up to S$335 million to quicken the pace of restructuring, bringing a total $450-million. BCA has enhanced the CPCF schemes to provide stronger support to the industry in raising productivity and building up capabilities.
In the movement of helping firms in coping with the changes in manpower policy, BCA has reviewed the various schemes under the CPCF and is enhancing the schemes to:
- Extend the funding support to cover more stakeholders in the industry
- Expand the scope of the funding schemes
- Raise the funding support levels to give a stronger push for firms to make the swift switch to technology in place of labour
The Construction Productivity and Capability Fund (CPCF) mainly covers these three key areas in improving productivity in construction industries in Singapore built landscape:
Technology Adoption in Workplace and Projects
Mechanisation Credit (MechC)
Cost of purchasing or leasing of equipment that improves productivity of the specific work process by at least 20%
• Up to 50% co-funding for equipment purchase, capped at $20,000, whichever is lower
• Up to 50% co-funding for equipment leasing, capped at $5,000, whichever is lower
• A cap of $25,000 will be applied for leasing and a cap of $100,000 for purchase of equipment for each company
Productivity Improvement Project (PIP)
Cost of undertaking projects which involve the application of technology and re-engineering of work processes to improve productivity by at least 20%
•Up to 50% co-funding of project cost, capped at S$100,000 per application
•Prefabricator - Up to 50% co-funding of project cost, capped at S$500,000 per application generally (May raise the cap to $1mil for high impact PIPs. E.g.mechanisation/ automation of precast concrete production)
Group Level (A group of at least 2 unrelated companies)
•Up to 50% co-funding of project cost, capped at S$500,000 per application
Industry – To be led by public agency with a group of at least 2 unrelated companies
•Up to 70% co-funding, capped at S$1 million per application
1. Manpower cost
2. Equipment cost (about 20% of the equipment cost)
3. Material cost (about 50% of the extra cost over conventional materials)
4. Consultancy service cost
5. Intellectual property acquisition cost
Cost of adopting BIM technology into work processes
•Up to 50% co-funding for training cost, capped at $7,000 per firm, whichever is lower. Firms can apply once only.
Project Collaboration Scheme (involving more than 1 discipline)
•Up to 50% co-funding for training, consultancy, software and hardware acquisition costs, capped at $ 70,000 per project , whichever is lower. Firms can apply once only.
Construction Engineering Capability Development (CECD)
Train *General Builders* to undertake complex construction projects to build up their construction engineering capability.
*General builder is a main contractor who undertakes civil or building construction projects and is registered with BCA as a licensed General Builder.
Workforce Development and Skills Upgrading
Workforce Training and Upgrading (WTU)
Cost of selected skills assessment and training courses for tradesmen, foremen and supervisors
•Up to 80% of the fees of selected trainings courses at supervisory level
•Up to 80% of the fees of training courses and skills assessments for CoreTrade registration
BCA-Industry Built Environment Scholarship
Sponsorship of scholarship for undergraduate study in built environment courses
•50% of the annual scholarship sum, capped at $7,000 for each scholar who is either a Singaporean or a Singapore Permanent Resident.