The construction industry relies on continual innovation, in order to meet the demands of this ever-changing sector. This can be through the development of a new installation process, or in the creation of brand new building materials. Whether you specialise in public sector housing, commercial or civil engineering projects, the chances are that there will be a degree of scientific or technical uncertainty with your projects.
Producing new or improved products.
Design and development of a product involving some degree of uncertainty for which the answers were not obvious.
You don’t have to be wearing a white coat and work in a laboratory to be making a scientific or technological improvement. As a result, many people are unaware of just how far reaching the R&D Tax Credits system is.
Within construction, trial and experimentation will often be needed when choosing which materials to use. This is because Ssme materials are unsuitable for the task at hand; for example, they may need to be waterproof, or be able to support a certain weight. Other times a material will be incompatible for the build, because it can directly conflict with other materials that are in use.
Whilst it is not uncommon for construction firms to undertake projects which, by themselves, are not that innovative; these can quickly become very challenging. This can be caused by location and access issues. As a result, the company will need to research new methods which can be used to complete the installation.
It’s not uncommon for “off the shelf” components to be modified for certain uses. As a result, a great deal of uncertainty can occur as the developer will be unsure as to how these various components and materials will work together.
Choice of materials often causes many technological uncertainties as these affect the structural integrity of the product. If the materials are not strong enough or are not the correct weight, structural integrity may be compromised. This can often result in many hours of research and development into ways in which this can be achieved.
Fiscale provide a useful boost to our cash flow when needed most, ‘when the tax is due’!!Colin Pinnegar, Bulmer Brickcutting
Why not contact us today to discuss your business’ R&D tax relief? It only takes our team around 20 minutes to determine if you are eligible or not.