Application for IAS is now open!
Looking to improve construction productivity by introducing automation or robotics at your project site or your off-site manufacturing premises?
The Investment Allowance Scheme (IAS) provides tax relief for investments in productive equipment, allowing firms to offset up to 50% of the approved fixed capital expenditure incurred on construction equipment and machinery against their taxable income.
Examples of equipment include but are not limited to automated concrete distribution system or a robotic fleet of drilling robots, painting robots, materials transporter, or 3D printing equipment.
Take a step forward to transform your business and achieve higher levels of productivity! Visit go.gov.sg/bca-ias to find out more.
Looking to improve construction productivity by introducing automation or robotics at your project site or your off-site manufacturing premises?
The Investment Allowance Scheme (IAS) provides tax relief for investments in productive equipment, allowing firms to offset up to 50% of the approved fixed capital expenditure incurred on construction equipment and machinery against their taxable income.
Examples of equipment include but are not limited to automated concrete distribution system or a robotic fleet of drilling robots, painting robots, materials transporter, or 3D printing equipment.
Take a step forward to transform your business and achieve higher levels of productivity! Visit go.gov.sg/bca-ias to find out more.
Today at the BCA-REDAS Built Environment and Property Prospects Seminar, Minister for National Development, Mr Desmond Lee shared that the construction demand in 2024 is projected to be between S$32 billion and S$38 billion, with the public sector expected to contribute slightly more than half of total construction demand.
➡️ Public: Between S$18 billion and S$21 billion
➡️ Private: Between S$14 billion and S$17 billion
🏗️ Construction output is forecasted to be between S$34 billion and S$37 billion.
The preliminary total construction demand for 2023 reached S$33.8 billion – exceeding BCA’s revised forecast of S$27 billion to S$32 billion. This was contributed by the uptrend in tender prices, expediting of construction awards for several private residential projects, and ramping up of HDB’s public housing projects.
You can read more details about the 2024 construction demand forecast at go.gov.sg/bca-pr-prospects2024.
➡️ Public: Between S$18 billion and S$21 billion
➡️ Private: Between S$14 billion and S$17 billion
🏗️ Construction output is forecasted to be between S$34 billion and S$37 billion.
The preliminary total construction demand for 2023 reached S$33.8 billion – exceeding BCA’s revised forecast of S$27 billion to S$32 billion. This was contributed by the uptrend in tender prices, expediting of construction awards for several private residential projects, and ramping up of HDB’s public housing projects.
You can read more details about the 2024 construction demand forecast at go.gov.sg/bca-pr-prospects2024.
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Enhancements to SCA & QFM
To continue supporting our BE consultants and encourage more sustainable business practices, BCA will be making enhancements to the Standard Consultancy Agreement (SCA) and Quality Fee Framework (QFM).
The SCA enhancements aim to ensure government procurement approaches remain fair and progressive. Enhancements include a clearer definition of scope of services, fair and timely remuneration, and more balanced allocation of risk.
Meanwhile, the QFM enhancements seek to place greater emphasis on quality in consultancy tenders and further encourage sustainable bidding behaviour. Taken together, these moves aim to encourage more sustainable business practices.
Visit go.gov.sg/bca-pr-prospects2024 for more details about the enhancements.
To continue supporting our BE consultants and encourage more sustainable business practices, BCA will be making enhancements to the Standard Consultancy Agreement (SCA) and Quality Fee Framework (QFM).
The SCA enhancements aim to ensure government procurement approaches remain fair and progressive. Enhancements include a clearer definition of scope of services, fair and timely remuneration, and more balanced allocation of risk.
Meanwhile, the QFM enhancements seek to place greater emphasis on quality in consultancy tenders and further encourage sustainable bidding behaviour. Taken together, these moves aim to encourage more sustainable business practices.
Visit go.gov.sg/bca-pr-prospects2024 for more details about the enhancements.
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CORENET X Simplified Regulatory Approval Process
We have simplified the regulatory approval process under CORENET X for smaller scale projects, such as single unit residential landed properties and single storey structures (e.g. bus stops, linkways, pavilions). These projects will undergo a streamlined Direct Submission Process (DSP) instead of going through the more onerous default 3-gateway process.
By streamlining the approval process for these projects, we are determined to enhance user experience, facilitate a more seamless transition to CORENET X, and significantly elevate sector-wide productivity!
If you are interested in trying this process for your landed project, indicate your interest at https://go.gov.sg/cxenquiry.
We have simplified the regulatory approval process under CORENET X for smaller scale projects, such as single unit residential landed properties and single storey structures (e.g. bus stops, linkways, pavilions). These projects will undergo a streamlined Direct Submission Process (DSP) instead of going through the more onerous default 3-gateway process.
By streamlining the approval process for these projects, we are determined to enhance user experience, facilitate a more seamless transition to CORENET X, and significantly elevate sector-wide productivity!
If you are interested in trying this process for your landed project, indicate your interest at https://go.gov.sg/cxenquiry.
Introducing Mica Mendoza, a BIM (Building Information Modelling) Engineer working at BIMAGE Consulting. Since her childhood days, Mica has always been passionate about the Built Environment and she started off her BIM career with an internship with BIMAGE.
She was given the opportunity to experience the collaborative nature of BIM in her work on big projects like the JTC Chemicals Hub at Tuas South, which she enjoyed tremendously. This led to her joining BIMAGE full time.
Mica is a strong advocate of BIM, and hopes to showcase the benefits of BIM in problem solving and collaboration. In doing so, she hopes this will encourage more to take up BE careers and make a positive impact.
📸 Read on to find out more about Mica’s journey with BIMAGE!
She was given the opportunity to experience the collaborative nature of BIM in her work on big projects like the JTC Chemicals Hub at Tuas South, which she enjoyed tremendously. This led to her joining BIMAGE full time.
Mica is a strong advocate of BIM, and hopes to showcase the benefits of BIM in problem solving and collaboration. In doing so, she hopes this will encourage more to take up BE careers and make a positive impact.
📸 Read on to find out more about Mica’s journey with BIMAGE!
To encourage more sustainable business practices and raise the emphasis on quality for the BE consultancy sector, we have made enhancements to the Quality Fee Method (QFM) framework.
The changes aim to discourage firms from submitting low outlier bids which could impact the long-term sustainability of the consultancy sector, including its ability to retract and retain talents.
The enhancements will take effect from 1 Mar 2024. You may refer to the BCA Circular dated 18 January 2024 for more details, or visit go.gov.sg/bca-qfm.
The changes aim to discourage firms from submitting low outlier bids which could impact the long-term sustainability of the consultancy sector, including its ability to retract and retain talents.
The enhancements will take effect from 1 Mar 2024. You may refer to the BCA Circular dated 18 January 2024 for more details, or visit go.gov.sg/bca-qfm.
Enhancements to WSH Requirements in Public Sector Construction Projects
The Multi-Agency Workplace Safety and Health Taskforce (MAST) has identified strategies to improve Workplace Safety and Health (WSH) and strengthen engagement with companies to reinforce it. Under MAST’s guidance, BCA and MOM have developed measures to enhance WSH requirements for the public sector construction projects.
The enhancements include:
✅ Harmonising WSH requirements across public sector projects,
✅ Enhancing safety-related tender evaluation criteria; and
✅ Introducing incentives for good WSH standards.
These enhancements will also be included as recommended procurement practices in the WSH Guidelines for Procurement in Construction Industry, issued by the WSH Council.
Private sector developers are encouraged to incorporate these practices for their projects.
For more details, visit:
🔗 BCA Circular | MOM Circular
The Multi-Agency Workplace Safety and Health Taskforce (MAST) has identified strategies to improve Workplace Safety and Health (WSH) and strengthen engagement with companies to reinforce it. Under MAST’s guidance, BCA and MOM have developed measures to enhance WSH requirements for the public sector construction projects.
The enhancements include:
✅ Harmonising WSH requirements across public sector projects,
✅ Enhancing safety-related tender evaluation criteria; and
✅ Introducing incentives for good WSH standards.
These enhancements will also be included as recommended procurement practices in the WSH Guidelines for Procurement in Construction Industry, issued by the WSH Council.
Private sector developers are encouraged to incorporate these practices for their projects.
For more details, visit:
🔗 BCA Circular | MOM Circular
Maximizing Efficiency: Optimizing Workflows and Enhancing Stakeholder Collaboration through Digital Data
Are you a BE firm that is eager to speed up your digitalisation journey but not sure where to start, or require additional help?
Organised by the Specialists Trade Alliance of Singapore (STAS), join us for an insightful session to find out how the use of digital data and tools can help improve overall efficiency, thus contributing to the wider BE landscape. Hear from our speakers to understand how you can tap on the Shared Services Providers (SSP) to help with your digital transformation needs, and find out more about the grant support available.
🗓️: 26 Feb 2024, Monday
⏰: 4:00pm – 5:30pm
📍: Zoom
🎟️: Complimentary!
🔗: https://go.gov.sg/idd-stas-webinar
Are you a BE firm that is eager to speed up your digitalisation journey but not sure where to start, or require additional help?
Organised by the Specialists Trade Alliance of Singapore (STAS), join us for an insightful session to find out how the use of digital data and tools can help improve overall efficiency, thus contributing to the wider BE landscape. Hear from our speakers to understand how you can tap on the Shared Services Providers (SSP) to help with your digital transformation needs, and find out more about the grant support available.
🗓️: 26 Feb 2024, Monday
⏰: 4:00pm – 5:30pm
📍: Zoom
🎟️: Complimentary!
🔗: https://go.gov.sg/idd-stas-webinar
CORENET X Payment Milestones for Consultancy Services
Discover how CORENET X impacts the payment milestones for consultancy services under Annex C of the Standard Consultancy Agreement for public sector consultancy services.
Check out the circular and payment milestones available for download here.
Make the necessary adjustments to suit your projects. Stay ahead in the game with CORENET X!
Discover how CORENET X impacts the payment milestones for consultancy services under Annex C of the Standard Consultancy Agreement for public sector consultancy services.
Check out the circular and payment milestones available for download here.
Make the necessary adjustments to suit your projects. Stay ahead in the game with CORENET X!
BCA Insider: What is Building Façade Inspection?
🔎 Learn more about façade engineering with Mark Teo from BCA's Building Resilience Group!
In this interview, Mark shares his team's crucial role in ensuring building safety through comprehensive façade inspection and maintenance.
What are the key takeaways behind good, effective façade maintenance? What precautionary measures can be taken?
🎬 Watch the video and learn about the investigative work behind façade failures and bolster your understanding of building safety
🔎 Learn more about façade engineering with Mark Teo from BCA's Building Resilience Group!
In this interview, Mark shares his team's crucial role in ensuring building safety through comprehensive façade inspection and maintenance.
What are the key takeaways behind good, effective façade maintenance? What precautionary measures can be taken?
🎬 Watch the video and learn about the investigative work behind façade failures and bolster your understanding of building safety
YouTube
BCA Insider: What is Building Façade Inspection
Meet Mark Teo from the Façade Engineering and Technology Department, Building Resilience Group of BCA. In this insightful interview, Mark sheds light on the role of the Façade Engineering and Technology team and the importance of building façade inspection…