Press release -
$170 Million Still Available In BCA’s Construction Productivity & Capability Fund (CPCF)
The Building and Construction Authority (BCA) has introduced a S$250-million Construction Productivity and Capability Fund (CPCF) as part of the Governments efforts to help the construction industry improve productivity and strengthen its capability.
The Fund comprises incentive schemes that focus on workforce development, technology adoption and capability development in Singapores built environment:
What Is It?
The Mechanisation Credit (MechC) scheme helps to defray the cost incurred in technology adoption by companies to improve productivity for their construction projects.
Who is it for?
A contractor, specialist contractor or subcontractor firm incorporated and operating in Singapore will be eligible.
What is it For?
The Mechanisation Credit scheme defrays the cost of technology adoption purchasing or leasing equipment – that improves productivity by at least 20%. The Scheme is targeted at construction firms (especially subcontractors) who are looking to using machines and equipment to improve work processes.
For more visit, please visit: http://www.galmon.com/news/up-to-50-funding-when-you-purchase-a-new-aerial-work-platform-mechanisation-credit-mechc-fund-2-2941
Topics
- Economy, Finance
Categories
- built environment
- capability developmen
- construction firms
- construction industry
- construction productivity
- construction productivity & capability fund
- construction projects
- cpcf
- credit scheme
- development technology
- galmon
- government funding
- incentive schemes
- leasing equipment
- mechanisation credit
- mechc
- singapore construction
- singapore government
- specialist contractor
- subcontractor
- technology adoption
- work processes
- workforce development
- galmon singapore
- aerial lifts
Galmon was established in 1982 to pioneer the use of Mobile Elevated Work Platforms (MEWPs) in Asia. The company offers sales, rental, servicing and training of the widest range of MEWPs to countries including Hong Kong, Taiwan, Malaysia, Indonesia, Thailand, Vietnam, Philippines, India and China – from self-propelled booms, scissors, truck-mounted work platforms, telehandlers, aluminium mobile scaffolding to special custom-built lifts.
With the philosophy of providing products and services of superior quality, Galmon is committed to delivering reliable, efficient and safe machinery and excellent customer services to clients of all industries. With equipment safety as top priority, Galmon’s tagline of “YOUR SAFEST WAY TO THE TOP!” is testimonial of their core values.
