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Adjustment to Man-Year Entitlement (MYE) Formula using BCA's Tender Price Index (TPI)

The MYE quota control system allocates workers from Non-traditional Source (NTS) and the People's Republic of China (PRC) based on project type and contract sum. However, due to the cyclical nature of the construction industry and varying economic conditions, tender prices of construction projects tend to fluctuate and affect the MYE allocation to projects.

To address the impact of fluctuating tender prices on MYE allocation, BCA has worked with the Ministry of Manpower (MOM) to introduce the Tender Price Index (TPI) adjusted Man-Year Entitlement (MYE) allocation formula from 1 July 2013. This is to take into account the effect of fluctuating tender prices.

The MYE formula will be adjusted with the Man-Year Adjustment Factor (MYAF) on 1 January each year for all project categories. The MYAF is computed based on the TPI [1] tabulated for the previous financial year and is reviewed annually. For the period of 1 January 2018 to 31 December 2018, the MYAF is 1.040.



Man Year Adjustment Factor
1.040

[For the period 1 Jan 2018 to 31 Dec 2018]

Please refer to example below for illustration:

 
From 1 Jan 2018 - 31 Dec 2018


Nominal Project Value

MYE Allocation
(no TPI adjustment)


MYAF


MYE Allocation
(with TPI adjustment)


$15 mil


103


1.040


103 x 1.040 = 107

[1] TPI measures the movement of tender prices of construction projects. This index is compiled from tender prices that represent what a client must pay to construct a new building.

For more details on matters related to MYE, you may refer to MOM's website at http://www.mom.gov.sg .

For clarifications on MYAF, please e-mail to BCA_FWP@bca.gov.sg