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.
As announced at MND’s COS 2024, the PIP scheme will be extended to 31 March 2025. The extension is intended to encourage enterprises to continue their productivity upgrading and digitalisation efforts.
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
Applications for the PIP scheme have closed.
Please note that the Enquiry form via formSG does not constitutes as an application. For for the proposed equipment / solutions to be supported under the PIP incentive scheme, it shall fulfil the following:
- the proposed equipment / solutions are not within current contractual scope or stipulated within the project tender specifications.
- The proposed equipment / solutions have not been purchased prior to BCA notice of PIP grant supportability
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:
- Progress and final reports
- Auditor statement of expenditure by an independent accountant
- Video of implemented system
- Claim statement
- Supporting claims documents: Purchase order, Delivery order, Payment invoice, Payment voucher, Bank transaction records
- Any other documents that may be needed at BCA request