Wednesday, July 23, 2014

Constructors urged to upgrade

An upgrade in the Constructors Association’s systems, technologies, methodologies and people is needed to make the local industry more competitive, and to meet the aims of the ASEAN integration by 2020.

In line with these aims, Madrasto announced that the PCA is proposing changes to implementing rules and regulations of Republic Act 4566 or the Contractor's License Law.

This is according to the executive director of the Philippine Constructors Association and chief operation officer of the International Federation of Asian and Western Pacific Constructors Association (IFAWPCA), Manolito Madrasto, who says while other neighboring countries have started upgrades, a few others are still hesitant to change.

He says they want the locals to be upgraded so that they’ll be familiar with the new technologies and methodologies available. Madrasto notes that the competition next year may be tighter, and projects construction spending even higher due to aggressive government infrastructure projects and the private sector's real estate projects.

He advises locals to be open minded in using international construction materials for their projects. He says the use of international construction materials will encourage foreign investors to tap local contractors for their Philippine-based projects.

The moment you do that (limit oneself to local products only), you stunt your growth, he says. “In achieving the ASEAN integration, the Philippines will be exposed to global brands and have access to even more technology - all the more reason why the locals should be advancing the technology now.”

Madrasto says integration increases the market share of the country. He says they can now sell to everyone and hence be considered locals because there will be no duties and tariffs to pay. He says they will be competing head to head with the locals in the area and if the product is good, it will be accepted and will sell.

In line with these aims, Madrasto announced that the PCA is proposing changes to implementing rules and regulations of Republic Act 4566 or the Contractor's License Law. Madrasto hopes that these changes will allow more firms with foreign equity to participate in bigger construction projects in the Philippines. 


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