The construction industry is full of challenges that require inventive solutions. Engineers, technologists, designers, and machinists spend a substantial portion of their time developing superior designs and manufacturing practices to remain competitive. Every construction project is unique, which means that construction companies have to adapt their processes and resources to suit each project.
This continuous evolution of technologies provides ample opportunities for companies to take advantage of the R&D tax incentive credit. Research and Development activities can take place during different phases of a construction project.
Examples of Qualifying R&D Activities
- Identification of technological improvements in the construction process or to the products and software used. This can include developing, testing, and implementing systems which are technically difficult;
- Research and design, development of prototypes, commissioning, including quality testing and production of the final product/ building;
- Development or adaptation of tools, materials, and processes to improve efficiency, or to adapt construction techniques to adapt to environmental or land conditions;
- Development of a unique assembly or construction method or process;
- Experimentation with new building materials;
- Custom design work to accommodate visual or structural needs;
- Development of innovative electrical, HVAC, and energy-efficient systems;
- Design and development of unique temporary systems such as shoring, falsework and dewatering systems;
- Modern Methods of Construction (MMC) and Building Information modelling (BIM) activities;
- Development of sophisticated systems to meet health and safety requirements. For example, innovative scaffolding, safe working processes and automation.
If you want to check out your company eligibility for the R&D Tax Credit, please contact us!
