CONSTRUCTION PRODUCTIVITY AND CAPAbIlITY fUND (CPCf)
Building Information Model (BIM) Fund V2
Now firms can get more help to build up BIM collaboration capabilities
First introduced in June 2010, the Building Information Model (BIM) Fund is part of the first Construction Productivity and Capability Fund (CPCF). To date, more than 700 firms have benefited from funds amounting to S$21 million.
Following the end of the first tranche of the BIM Fund on 22 May 2015, the second tranche was released in July 2015. This new BIM Fund will help BIM-ready firms build up BIM collaboration capability by defraying part of the costs in training, consultancy, software or hardware.
How firms can benefit from BIM Fund V2
Focus on project collaboration
Many firms have built up their internal BIM capability over the past five years, so the time is now ripe to grow their BIM collaboration capability – this will help firms reap the full benefits of BIM. To be eligible, applicants only need to submit a joint application together with another firm of a different discipline.
Higher level of funding support
Funding support will be increased from 50 to 70 per cent to cover the costs of supportable items, as long as the collaboration involves more than three parties from both the design and construction stages of the project, and demonstrates at least a 30 per cent increase in efficiency.
Addition to supportable items
Collaboration software is now supportable to help project stakeholders work more effectively together.