NOVA SECURES MUTLI-MILLION DOLLAR PROJECT TO IMPLEMENT CORENET 2.0

Oct 2017 – The Building and Construction Authority (BCA), an agency under the Ministry of National Development (MND), Singapore has awarded to novaCITYNETS (NOVA) to implement CORENET 2.0. The award at S$26 million (RM79.8 million) is the biggest win ever in NOVA’s history.

CORENET, stands for Construction and Real Estate Network, is a one-stop Government to Business (B2G) web portal for the Construction Industry Users to submit their construction permit applications, supporting documents and Building Information models (BIM) to the 16 participating regulatory agencies for regulatory approval throughout the entire property development life cycle.

NOVA implemented the original CORENET system that was officially launched in 2001. Over the years CORENET has completely transformed the approval process for construction permits, moving from paper-based workflow to a fully electronic process today. CORENET, not only helped to deliver an estimated annual savings of S$160 million to the Government, businesses and investors but also contributed to the Singapore’s sustained top ranking in the World Bank’s “Ease of Doing Business” global survey.

 

CORENET 2.0 will be a revamped system to replace the current CORENET 1.0. As the NextGen platform, CORENET 2.0 is expected to replace the current CORENET 1.0 to transform the current construction permit application, submission and approval processes by using the latest technology. It aims to deliver best-in-class responsive, collaborative and smart services in-line with Singapore’s aspiration to become a leading smart nation.

Having implemented similar large-scale projects for customers such as Perbadanan Putrajaya, Malaysia and the Urban Redevelopment Authority, Singapore, this latest success marks another yet significant milestone in our history of providing city planning and management solutions.

 

About Building and Construction Authority

The Building and Construction Authority (BCA) champions the development of an excellent built environment for Singapore. “Built environment” refers to buildings, structures and infrastructure in our surroundings that provides the setting for the community and future generation.

Some of the core functions in BCA include; Building Engineering, Building Plan and Management and Special functions to provide Enforcement & Structural Inspection, Civil Defence Engineering, Transit Shelter Engineering and Emergency Preparedness.

 


Please direct all queries related to this article to Marketing at enquiry@nova-hub.com

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