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                                    5SINGAPOREBUILDERSDIRECTORY2023/2024AcceleratingSustainabilityEffortsInordertohelpSingaporetransitiontoalow-carbonbuiltenvironmentBCAwilldoubledownoneffortstodecarbonisethebuiltenvironmentespeciallyexistingbuildingswithpoorenergyperformancewhicharenotsubjecttominimumenergyperformancestandardsBCAhopestointroducetheMandatoryEnergyImprovement(MEI)bytheendof2024wherebuildingswillberequiredtoundergoenergyauditsandimplementmeasurestoimprovetheirenergyuseintensity(EUI)BuildingownerswillberequiredtomaintaintheEUIimprovementoveraminimumperiodwhichwillreducetheoverallenvironmentalimpactfrombuildingoperationsandhelpthemenjoycostsavingsfromlowerenergyuseTheMEIregimewillapplytothemostenergyintensivecommercialbuildingshealthcarefacilitiessportsandrecreationcentresandinstitutionalbuildingswithaGrossFloorArea(GFA)of5000sqmandaboveTo complement theMEIBCA plans to publish theenergyperformancedataofindividualbuildingsformorebuildingtypestoallowbuildingownerstodeterminetheirenergyperformancerelativetoothersSteppingUpBEValueChainTransformationIntheBEsector,stakeholdersacrossthevaluechainarecloselylinkedandtheactionofonepartywilldirectlyaffectanother ThustheBEITMemphasisestheimportanceofanintegratedvaluechainapproachtowardstransformationOnewaytoenablevaluechaintransformationisthroughBCA’sGrowthandTransformationScheme(GTS)TheGovernmenthassetaside$90millionunderthisschemeThisistohelpestablishalliancesbetweendevelopersbuildersconsultantsandotherstakeholdersandtohelpthemcollaborateacrossmultipleprojectsbuildstrongerrelationshipsanddevelopcapabilitiestogetherforthelongertermTheGovernmentwillco-fundupto70percentofqualifyingcostsforalliancesforthecomingfinancialyear,inareassuchasequipmentsoftwareandtrainingRampingUpProductivityEffortsAnewtrancheoftheProductivitySolutionsGrant(PSG)wasannouncedwhichwouldbemadeavailablefromApril2023toMarch2026totalling$21millionFirmsintheBEsectorcanstrengthentheirdigitalcapabilitiesandplugintotheIntegratedDigitalDelivery(IDD)ecosystemthroughadoptingpre-approveddigitalsolutionsItwasreportedthatmorethan800SMEshavebenefittedfromtheprevioustrancheofthePSGwhichranfrom April2020toJanuary2023AnothergoodnewswastheextensionofInvestmentAllowanceScheme(IAS)foranother5yearsuntil2028tofurthersupportfirmsinvestmentsinproductiveandinnovativeequipmentforconstructionoperationsWiththeextensionoftheIASfirmsareencouragedtoinvestinthelatestproductivesystemsandre-designprocessestoimproveproductivityacrossmultipletasksforgreaterimpactFurtheringeffortsindigitalisationandupfrontplanninganddesignBEsectorcanexpecttoonboardontoCORENETXbyend2023TheCORENETXprojectwasinitiatedin2018withtheobjectiveofleveragingtechnologiessuchasBuildingInformationModelling(BIM)andautomation to transform theregulatoryapprovalprocessforbuildingworksThisplatformwilltransformthecurrentregulatoryapprovalworkflowfordevelopmentprojectswhereconsultantsdealseparatelywithmultipleagenciesandsometimesusingdifferentversionsofplanstoonewhereconsultantscometogether,collaborateupfronttoharmonisetheirdesignsandproduceonecoordinatedBIMmodelThiswouldseeaconsolidationofmorethan20approvaltouchpointsintothreekeyapprovalgatewaystherebygeneratingtimeandcostsavingsfortheBEsector
                                
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