SANTA ELENA CONSTRUCTION AND DEVELOPMENT CORPORATION is no stranger to the line of well-known construction firms in the Philippines. It has bagged major construction projects – from setting the foundation for Entertainment City’s Solaire Resorts and Casino, City of Dreams and Resorts World Bayshore to the general construction of power plants in Batangas – where it gained its extensive experience and expertise in construction. It is the first Filipino contractor, run by entrepreneur Alice Eduardo, to outbid local and international construction firms in working with Siemens. This particular feat proved the company’s quality of service meets the international standard in all its projects.
Sta. Elena’s last stint was Four E-com Center by SM Development Corporation situated at SM Mall of Asia Complex in Pasay City. The E-com Centers, marketed as office spaces, are nearby MRT and LRT routes as well as buses circulating in National Capital Region (NCR). Ninoy Aquino International Airport is also a few minutes away from the compound. Still, the accessibility and ease of travel are not only the highlights of Four E-com. The building is 16 stories with a full basement and four podium parking. It includes 11 office levels that house retail spaces at the 5th-floor podium and ground levels. Its design concept comprises three adjacent towers springing from a common podium and features E-com building’s signature landscaped deck at the 5th-floor podium.
Construction Opportunities for 2017
Gross Domestic Product (GDP) for the first quarter of 2017 recorded a 6.4% growth. Manufacturing, Trade, and Other Services were the primary driver of growth for the first quarter. However, necessary infrastructure has to be set up for the Philippines to sustain its economic growth.
The Philippines ranks 57 in the World Economic Forum Competitiveness Rankings for 2016, yet it lags behind its ASEAN neighbors concerning infrastructure, and for the past administrations, the allocated National Budget for infrastructure development has never reached the 5% of GDP. The Aquino administration only covered 2.9% of GDP that is why the current administration, under the leadership of current President Rodrigo Duterte, embarked on a grand and visionary plan that aims to bolster the country’s development.
The program dubbed as the “Build, Build, Build” Plan is the boldest infrastructure development program in the Philippine history. The “Build, Build, Build” Plan includes public infrastructure projects essential to the sources of investment and production capacity in the country. The administration did not conceal the huge amount the plan requires to complete the project. This year, the government will spend P847.2 billion for the initial projects. Completing the projects will amount to P8-9 trillion (about $160-180 billion) which will last until the end of Pres. Duterte’s term. Infrastructure spending share of GDP will increase from the meager 5.3% to 7.4% in 2022.
The increase in government spending for infrastructure has been backed up by the Department of Budget and Management by implementing reforms to the bureaucracy. The Implementing Rules and Regulations of the Procurement Reform Act (R.A. 9184) had been revised for a seamless procurement process, to make projects less vulnerable to arbitrary delays and to streamline documentary requirements. There is no reason for construction firms to shy away from bidding on public infrastructure projects.
Construction companies have been presented a window of opportunity to shine this year. SANTA ELENA CONSTRUCTION AND DEVELOPMENT CORPORATION should take the opportunities presented by the current administration to partake in bids for the construction of public infrastructure. A successful infrastructure project would cement Sta. Elena’s status as the certified and trusted construction firm in the local scene. Infrastructure projects up for bid are posted online at the Public-Private Partnership Center website (http://ppp.gov.ph/), Bases Conversion and Development Authority and various government agency sites. It is up to Sta. Elena to make to its next move amidst the opportunities in this Golden Age of Infrastructure.