CONSTRUCTION PRODUCTIVITY AND CAPABILITY fUND (CPCF)
Mechanisation Credit (MechC) Scheme
Defraying the costs of adopting productive technologies
As part of BCA’s second Construction Productivity Roadmap to help more firms transform and drive higher productivity gains, BCA will be injecting S$450 million into the Construction Productivity and Capability Fund (CPCF) over three years.
Under the second tranche of CPCF, BCA will continue to support the adoption of productive technologies through incentive schemes like the Mechanisation Credit (MechC) Scheme. Launched in 2010, the MechC Scheme helps firms defray the cost of technology adoption by supporting up to 70 per cent of equipment costs. More than 800 companies have benefited from the scheme to date.
S$250,000 per-firm funding cap
From June 2015, applicants can look forward to a fresh per-firm funding cap of S$250,000 as part of the second tranche of CPCF. Meanwhile, BCA will continue to offer the MechC Referral Programme, so builders can increase their per-firm funding cap by S$20,000 for every successful referral.
Lian Beng Construction (1988) Pte Ltd is one company that has benefited from the MechC Referral Programme. Since the launch of the MechC scheme, Lian Beng Construction was able to defray the cost of adopting productive technologies such as the Telescopic Handler, Automatic Wheel Washer and Biometric systems. These technologies enabled the company to increase their productivity on site. In addition, after referring their subcontractor to the MechC scheme, Lian Beng Construction received a higher funding cap that allowed them to buy more productive technologies. Meanwhile, their subcontractor was also able to benefit from the savings brought about by the MechC grant.
Look out for our series of productivity clinics, workshops and seminars on construction productivity and the second tranche of CPCF.
|The skid steer loader (above) and the telescopic handler (below) are used for transporting materials around the construction site. Both technologies are supported under MechC Scheme.