Navigating Singapore’s Construction Industry Future Through Regulatory Agility and Emerging Trends
In 2024, Singapore propels into a new era of technological advancement, unveiling flexible regulatory reforms built to fuel the evolution of its construction sector. Have you heard about the new regulatory reforms made in the Construction Sector of Singapore?
The Building and Construction Authority (BCA) projected the demand in the sector in 2024 to range between S$32 billion to S$38 billion leading to an output of S$34 billion to S$37 billion. They have aligned their regulations in order to meet these demands through the below 5 key reforms:
🛠️ Reduction in Foreign Worker Quota by the Ministry of Manpower
🧑💼 Off-site Levy Scheme for Construction Work Permit Holders
⛑️ Compulsory OSH Training for CEOs & Board Directors
🖥️ Various Technology Uses to meet Workplace Health & Safety (WSH)
📹 Installation of Video Surveillance System (VSS) to ensure Worksite Safety
To know more about these reforms in regards to the emerging trends of 2024, read our blog ➡️ “The 2024 Vision”: Navigating Singapore’s Construction Industry Future Through Regulatory Agility and Emerging Trends
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