The Building and Construction Authority (BCA) has been working closely with the Built Environment (BE) sector on its transformation efforts under the BE Industry Transformation Map (ITM) and there has been progress. More information can be found in Annex A.
2 As challenges will continue to remain in the horizon, we must collectively press on towards a more productive, digitalised and sustainable sector. The following initiatives are some of the ways that we will partner the BE sector to do so:
- Expansion of the Contractors Registration System (CRS) to a Nation-wide Registry – To enable us to drive transformation more effectively across the construction industry, BCA will expand the scope of its CRS from a public sector registry to a nation-wide registry of construction firms. We will do this by requiring all firms hiring foreign construction workers to register under the CRS.
- BCA will also raise the CRS entry requirements to keep pace with the current market conditions to ensure that firms hiring foreign construction workers have the minimum financial capabilities and experience to sustain their operations and deliver projects. More information can be found in Annex B.
- New Energy Efficiency Grant (EEG) for the Construction Industry - This grant will help local construction firms adopt energy efficient construction equipment. More information can be found in Annex C.
- Extension of Productivity Innovation Project (PIP) scheme – To continue supporting our construction firms in their adoption of productive and labour-efficient technologies, the PIP scheme will be extended until 31 March 2025. More information can be found in Annex D.
- Update on Growth and Transformation Scheme (GTS) – Last year, it was announced that the Government set aside $90 million under GTS. Since then, both the CapitaLand Development and CDL-led alliances have applied for and secured funding support for their initiatives. More information can be found in Annex E.
Attached:
Annex A: Update on the Built Environment Industry Transformation Map (BE ITM)
Annex B: Expansion of the Contractors Registration System (CRS) to a Nation-wide Registry
Annex C: New Energy Efficiency Grant for the Construction Industry
Annex D: Extension of Productivity Innovation Project (PIP) scheme
Annex E: Update on Growth and Transformation Scheme (GTS)
Download PDF Version of the Media Release here
Download Annexes here