Common Challenges Construction Companies Now Face in the Philippinesby Wave Construction Construction
The Philippines is facing a large demand
for construction services. This huge need is due to the increase in infrastructure projects planned by
Overall, this is quite beneficial for the
construction industry, but many problems Here are the most common problems with
the construction company’s faces in the Philippines:
The Lack of Labourers
According to the DOLE’s Bureau of Local
Employment (BLE) that there is an increase of 3.59 million in 2017 from 3.31
million in 2016 in construction jobs.
This also means there’s a shortage of
around 120,000 laborers.
Finding skilled workers can be difficult
nowadays. A construction equipment rental service provider in Davao, for
instance, has mentioned that they having a hard time looking for more skilled
operators and drivers for their heavy machinery.
This shortage has even put a halt on many
projects in both private and public sectors.
Rapid Price of Raw Materials
Another challenge is the continuous
increase in the prices of raw materials. But this is not happening in the Philippines
This is a huge burden on the side of the
contractors because they issue a fixed price for their contracts. When there is
a sudden change of prices, their profits also decrease. This is more crucial to
companies who supply materials, like concrete block or aluminum composite
panel suppliers in the Philippines.
Adapting to new technology makes a lot of
things easier, especially in the construction industry. There are new
technologies that help reduce risks and improve the pace of the construction.
However, here in the Philippines, most
contractors remain in the traditional way because they cannot afford, or do not
want to risk their money in new technology unless it has already been widely
tried and tested in the local industry for many years.
So even though innovations will be made
overseas, majority of Philippine contractors will still be lagging behind.
These problems have already existed even
before the sudden rise of construction demands in the country. Hopefully, this will soon catch everyone’s
attention and encourage them to venture into the construction business or
improve their construction skills in order to meet the nation’s needs.
Created on Aug 29th 2018 02:27. Viewed 542 times.