Growth and Transformation Scheme (GTS)

Scheme Details

The GTS is open for application from 1 April 2022 to 31 March 2025.

The application should be submitted by a Developer, and comprise a multi-year work plan (minimum three years) that details how the Developer and its strategic partners (i.e. Consultants, Main Contractors and Sub-Contractors) will work together to deepen business partnerships and build longer-term capabilities across two or more large-scale projects in all of the following areas:

a. Strategic Collaboration / Business Growth:

• Proposals should demonstrate a clear plan for implementing collaborative contracting and project management. This could entail risk allocation that is appropriate for the nature of the project(s), putting in place structured processes for regular progress reporting, alignment of incentives for early notification of potential problems and dispute resolution, to encourage all parties to resolve differences expeditiously in service of shared project objectives. Drafting of collaborative contracts, training and hiring of professionals with collaborative contracting experience can be supported.

• Proposals to strengthen business fundamentals will also be considered (e.g. consultancy for business strategy development and process re-engineering/redesigning etc.). These should go beyond basic business functions, such as accounting.
  
  
• Proposals should include a collective investment of minimum S$5 million in growth and local supply chain development¹, which will yield ≥10% in outcome².

b. Human Capital Development: Proposals should detail the workforce transformation initiatives to increase productivity, as well as attract and develop talent across the value chain. Companies are required to submit their Human Capital Diagnostic Tool¹ results and explain how proposed initiatives address gaps in their Human Capital practices.

d. Digitalisation: Proposals should demonstrate a holistic view of digital transformation across the value chain and entire development/building lifecycle. Initiatives could include the implementation of a Common Data Environment to be used by all project partners using common data standards, federation of project partners’ BIM models into a single view for collaboration, integration of key functions such as procurement and contract management, or the setup of core digital teams to oversee and guide the implementation of the digital transformation initiatives.

e. Sustainability: New buildings are expected to achieve Green Mark 2021 Platinum Super Low Energy with Maintainability and Intelligence badges. This will yield at least 60% improvement in energy efficiency over the 2005 industry average. Proposals should also detail the initiatives to attain at least 20% manpower savings from process redesign and/or deployment of advanced technologies in Facilities Management.

Funding

The grant supports up to 70% of qualifying costs on a reimbursement basis. Examples of qualifying costs that may be supported under the GTS include equipment, materials, software, testing and accreditation, licensing royalties for technology acquisition, intellectual property rights, training/course fees, manpower costs, and consultancies.

Eligibility

Applicants should meet the following criteria at the point of application:

1. Companies are registered business entities in Singapore;
2. The application should be led by a Developer and comprises at least one Consultant, one Main Contractor, and one Sub-Contractor; at least one company should be a Small and Medium-sized Enterprise (SME);
3. Be free of financial distress, and able to start and complete the stated initiatives;
4. The Developer has undertaken and/or completed construction projects in Singapore in the last three years, readily adopting advanced construction, sustainability, and digital capabilities in its projects; and
5. The Developer should have two or more building projects in the pipeline in the next two to three years.

 Application

Interested applicants can submit an enquiry or express interest in applying for the scheme here.

Interested applicants should also note the following:

1. The submission of application/enquiry does not automatically entitle the applicant to funding. All applications will be subject to evaluation and approval based on its merits. 
2. Applicants may be required to submit additional supporting documents to facilitate evaluation of the application. Application will only be processed provided that the complete relevant supporting documents are received.
3. The applicant(s) must not have signed or confirmed a contract with or made payment to a supplier, vendor or third party in relation to the purchase/lease/subscription of the products or services before the application.
4. All application forms and supporting documents must be submitted on or before 31 March 2025 for the application to be considered.
5. BCA reserves the right to reject applications that do not fulfill the above-mentioned proposal/submission requirements and fail to demonstrate comprehensive changes to business practices across the group of companies and the development of best-in-class capabilities that are sustained across projects.