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18/04/2011

MANDATORY ANNUAL DECLARATION OF FIRM'S VALUE ADDED PRODUCTIVITY (VAP) FIGURE (For A1 - B2 Firms)

To encourage construction firms to raise their productivity by taking ownership in monitoring their own
productivity progress, BCA requires all A1, A2, B1 and B2 firms registered under Construction Workheads
(CW) of BCA Contractors Registry to submit their firms’ value-added productivity (VAP) figure 
together with their audited accounts on an annual basis. 

The details on computation of VAP figure and the required data items can be found on BCA’s  
website: http://www.bca.gov.sg/vacalculator/.  
Firms should submit the computation of their VAP figures using BCA’s VAP calculator 1 print-out available at:  http://www.bca.gov.sg/vacalculator/VAProductivityCalculator1.aspx

The VAP submission needs to be certified by

                         i)        an auditor; 

             OR 

                         ii)        your Company’s Chief Executive (or equivalent) 
                                   [please note that companies which choose option (ii) will be required to provide further 
                                   information to BCA if they are selected for random checks subsequently] 

To maintain your Company’s registration status, please submit your Company’s certified VAP figure print-out (computed based on audited accounts to be submitted) together with the audited accounts to BCA by post or by hand when your company is due for annual financial review as required under the CRS. For foreign branches,the VAP figure should be computed based on Singapore’s accounts only. 

If you need any clarification or assistance on the computation of VAP figure, please contact Ms Siti Aloyah (Email: siti_aloyah_ishak@bca.gov.sg) or Ms Kristy Lee (Email: kristy_lee@bca.gov.sg).

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