June 2010
Singapore-Construction Productivity and Capability Fund gives boost to firms

With mounting pressure from the increase in foreign worker levies, more firms in the construction industry are looking forward to the S$250 million (US$178.4 million) Construction Productivity and Capability Fund (CPCF), which was officially launched recently. The Building & Construction Authority (BCA) said that there have been more than 300 enquiries on the various schemes under the CPCF within a few weeks.

Furthermore, BCA will be setting up a Centre for Construction IT at the BCA Academy this year. The Centre will test-bed advanced IT solutions for the construction industry, conduct outreach programmes and support companies in their quest to tap on IT to enhance productivity. BCA will also introduce a new Value-Added Productivity banding scheme to recognise builders with high value-added productivity levels as well as those who display great improvements in their value-added productivity.