April 23, 2018, 12:41 am
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Construction investments up 7% in ’17

Construction investments in 2017 surged 6.8 percent from the same period in 2016, at P 627.4 billion. 

Of this, P162.7 billion was from government infrastructure spending and P464.7 billion came from private construction activities.

Ruth Castelo, undersecretary of the Department of Trade and Industry (DTI), attributed the increase in construction investment to higher consumer confidence and improved labor market conditions.

Castelo sees the government’s infrastructure spending to generate at least two million more workers in the next five years.

Currently, the industry employs a total of 3.86 million workers, up by 10.3 percent from the same period in 2016.

 The cumulative total registered construction professionals (designers, consultants, and others) are:  civil engineers, 143,139; electrical engineers, 59,762; mechanical engineers, 90,747; geodetic engineers,   9,532;  sanitary engineers, 2,665; master plumbers, 8,559; architects, 29,892; interior designers- 2,727 and;  landscape architects, 345. 

“With the ramped-up infrastructure spending and anticipated rollout of massive infrastructure projects, the industry would be needing an addition of at least two million workers across the country for the next five years.” Castelo said. “

The Construction Manpower Development Foundation which strengthens training of construction manpowerhas accredited a total of 322 construction project managers and superintendent capable of handling big ticket infrastructure projects

The Philippine Domestic Construction Board which develops and monitors the performance of all contractors engaged in Philippine construction has accredited 1,557 Construction Performance Evaluators in 2017.

The Construction Industry Arbitration Commission has accredited 89 arbitrators and 28 mediators that settle construction disputes.

Philippine Contractors Accreditation Board as of Nov. 9, 2017,  has given licenses to 9,408 domestic firms and accredited at least five  foreign firms. 

Thirty-five special licenses have likewise been issued to Chinese, Japanese, Korean Italian, Singaporean and Australian contractors in partnership with Filipino construction companies. 
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