Latest BIM Fund Enhancement

BIM Fund has been enhanced and the Web page has updated on Thursday, 04 Oct 2012. (Click http://www.bca.gov.sg/BIM/bimfund.html)

Below is summary of the enhancements/new requirements tighten by authority.

Enhancements

· Doubling of the number of applications from 3 to 6

· Doubling of the total per firm funding cap from S$105,000 to S$220,000

· Removal of the per project funding cap of S$210,000 to encourage more project partners

· Additional supportable item, 50 % of ONE TIME support for expenditure of manpower capped at S$10,000

New Requirements

· At least 20% instead of 10% productivity improvement for the 4^th – 6^th application

· Several BIM e-Submission via CORENET e-Submission system to at least a few key regulatory authorities

· 4^th – 6^th application must use >1000sqm project size for Firm Level Scheme, >10000sqm for Project Collaboration Scheme

· Setting up the firm’s BIM Deployment Plan for EXPENDITURE OF MANPOWER (only applicable from 4^th – 6^th application)