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Technology Adoption: Mechanisation Credit (MechC)

What is it?

The Mechanisation Credit (MechC) scheme helps to defray the cost incurred in technology adoption by companies to improve productivity for their construction projects.

 

Who is it for?

A contractor, specialist contractor or subcontractor firm incorporated and operating in Singapore will be eligible.

 

What is it for?

The Mechanisation Credit scheme defrays the cost of technology adoption purchasing or leasing equipment - that improves productivity by at least 20%. The Scheme is targeted at construction firms (especially subcontractors) who are looking to using machines and equipment to improve work processes.

 

How much?

Depending on the impact to the project and the productivity improvement, the funding support is as shown below:

Cost of equipment Funding cap
Purchase equipment with cost < $100k

Up to 50% support level
Cap at $20k

equipment with cost >$100k

Up to 20% support level
Cap at $100k

Leasing equipment with cost < $30k

Up to 50% support level
Cap at $6k

equipment with cost > $30k

Up to 20% support level
Cap at $30k

 

Queries & Application Details

Form / Relevant Document Description
Application Form - Version: 1 February 2012
Examples of a application form
Guidelines and list of supportable equipment

 

How To Apply?

Applicant is to submit to Productivity Development (Mechanisation) Department Building and Construction Authority
(Address: 5 Maxwell Road, MND Complex Tower Block #16-00):

  1. The application form,
  2. The technical brochure of the equipment,
  3. At least three quotations from different equipment suppliers for the same equipment or equipment with similar technical specification,
  4. The written agreement / letter of award as proof that the applicant is a party to a construction project
  5. Business profile and name of shareholders (can be taken from Accounting and Corporate Regulatory Authority).

 

How To Claim?

Applicants must submit the Mechanisation Credit Claim Form and attach these supporting documents, where applicable:

  • Invoices (proof of purchase of the equipment)
  • Receipts (with the cheque number)
  • Bank statements (proof of payment)

The funds will be disbursed through inter-bank GIRO. For applicants not on the GIRO scheme, a cheque will be issued.

 

FAQs

Click here to download the list of frequently asked questions.

 

For more information, please contact

Ms Ezrin Binte Raof
DID: 6325 5093
Email: Ezrin_raof@bca.gov.sg

or

Ms Tan Mui Kheng
DID: 6325 5067
Email: tan_mui_kheng@bca.gov.sg