The Productivity Innovation Project (PIP) incentive scheme co-funds up to 70% of the costs for technology adoption and innovations that improve productivity at construction sites.
In line with the measures announced at Supplementary Budget 2020, the PIP scheme will be enhanced to encourage enterprises to continue their productivity upgrading and digitalisation efforts. The maximum funding support level will be raised to up to 80% from 1 April 2020 to 31 December 2020.
The scheme aims to:
- Defray the costs required to re-engineer processes or adopt labour-efficient construction technologies.
- Encourage construction-related companies to embark on solution development projects that build up their capabilities as well as improve site productivity and reduce site workers.
Who can apply
Construction-related companies that are registered and located in Singapore are eligible to apply for support.
How to apply
Please provide more information on the technology that you are interested:
Our BCA Officer will contact you to arrange for a consultation session after you have completed the form.
Applications are evaluated based on the potential for productivity improvement on site. The trade productivity improvement should be at least 30%.
How to submit claims
Co-funding is on a reimbursement basis, and claims can only be made after the PIP application has been approved. Applicants must submit the completed PIP claim form with these supporting documents:
- Audit report by an independent accountant
- Progress report or final report
- Any other documents that may be needed