Overseas projects and engineering service outsourcing (ESO) can be the future drivers of the Philippine construction industry, said local industry experts.
At a webinar “Seizing Construction Opportunities Under the New Normal” held recently, Norman Macapagal, executive vice president of EEI Corp. and president of EEI Ltd. Inc said construction is set to rebound after the COVID-19 pandemic and business owners should prepare by accelerating their business transformation and exploring opportunities to work on foreign projects.
“In our company, we have been talking about changing our procedures, because they are too long, with too many signatures involved. When the pandemic came in and we were on lockdown, the procedures that we were discussing for over a year were suddenly simplified.
We were forced to look at new construction techniques and methods because of the need to survive,” said Macapagal.