Case Study 3: Construction Firm

Company Overview:

A construction company specializing in residential and commercial development with a focus on sustainable building practices.

Challenge:

The firm faced challenges in improving construction efficiency, reducing waste, and developing new construction techniques to meet the demands of sustainable building. They needed innovative solutions to streamline their processes and enhance project timelines.

R&D Activities

  • Development of Prefabricated Construction Systems:
    The firm worked on creating modular prefabricated components to reduce construction time and material waste.
  • Energy-Efficient Building Methods:
    They tested various insulation materials and construction techniques to create high-performance, energy-efficient homes and buildings.
  • Software for Project Management:
    The firm developed software tools to streamline project tracking, improve budgeting accuracy, and reduce overhead costs.

Eligibility for R&D Tax Credit:

  • R&D activities included the development of prefabricated construction components, testing of new materials, and the development of software tools. All these efforts could be eligible for the R&D Tax Credit.
  • Labor costs for engineers, software developers, and construction professionals working on innovative projects were claimable.

Result:

The company utilized the credit to fund continued investment in sustainable construction techniques, which reduced project costs and allowed them to offer environmentally-friendly solutions to their clients.

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