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Civil Engineers Success Stories Philippines
Civil Engineers Success Stories Philippines
are that you will have a hard time passing your subjects.
The worst that could happen to you is fail every semester.
But there are just some who happen to outgrow that feeling
of despise over math, even excel in college, and further
finish with flying colors. This is a great story of a Filipino civil
engineering student.
Do you have any study tips or tricks that you think others should emulate from you? Sirven: My study habits
are really not something to be proud of. I study only at early mornings of examination days. You can say that I
am your average crammer. But everything worked out just fine for me. I just thought that studying at night
when you are all tired because of the activities during the day is not as effective as studying when your body
and mind are freshened up after a long nap. And yes when I say long nap, I mean that complete hours of sleep
every day. My methods may not work with everyone but it is something worth to try. What is the best
engineering school advice that you can give to other students? Sirven: Engineering courses are notorious for
being difficult but let it become your passion and you will never feel the same way ever again. Therefore, it is
very important that you are doing what you love. I liked studying engineering and I truly believe that it is one of
the reasons that got me through every challenge that I faced. And perhaps, the most important of all, you have
to believe in yourself that you can do it. Believe that and everything will become a little lighter. Do not forget
specially to pray as hard you are studying. I wish them all good luck!
Behind some of the biggest construction
projects in
the Philippines is a company that initially struggled
to find itself in the engineering industry. Megawide
Construction was created in 1997 at the height of the Asian
financial crisis.
In 2016, 43-year-old Cosiquien is ranked no. 35 in Philippines’ 50 Richest List with a net worth of $265 million.
Meanwhile, 41-year-old Saavedra is a little behind at rank no. 37 with $255 million net worth. Both are young
bloods in the list but they are close to the age of the youngest Filipino millionaire, who is business magnate
Edgar Sia with a net worth of $1.2 billion at 39 years old. But just like how any success story goes, getting
there wasn’t easy. “We were just out of the university, we had minimal training, so it was really on-the-job
training for us,” Chairman/CEO Cosiquien tells in an ANC interview. The two Lasallian engineers entered the
construction industry as a company only with an engineering diploma up their sleeves. Megawide President
and COO Saavedra admits that both of them came from families with business backgrounds. However, that
could only do so little since the construction business is a trade entirely new to them. They used this lack of
field experience as a driving factor to become more aggressive in finding large-scale projects. Read more The
Arabian Construction Industry Insights and Analysis “Sometimes inexperience can be good. It forced us to
come up with new ideas that set us apart from the rest,” Edgar shares through Inquirer. Their labor came into
fruition in 2004, when they got a 25-storey building project. It was their first perfect opportunity to prove
themselves in the booming construction industry. But it wasn’t until 2007 that Megawide got its biggest break.
All thanks to SM Development Corp. (SMDC), which is the residential arm of the prominent Sy family, the
company was able to bag two projects which are the Berkeley Residences in Katipunan and Grass Residences
in North EDSA.
Those two high-rise buildings became their benchmark projects in the skyscraper construction, also
marking the tremendous growth of the company. At one point, 70% of its business came from the residential
projects they acquired from SMDC. Their greatest edge, according to Saavedra, is that they both use their
personal engineering knowledge in bidding for projects – that’s to keep the premium building quality while
reducing costs. Although that technical skill is not exclusive to them, it has allowed them to trim down the
construction expenses, which ultimately attracted developers like SM to hire them as general contractors.
Much of the growth of Megawide is attributed to the support and trust that SM gave to them, says Cosiquien.
“They saw how we worked and delivered our projects. We’ve built trust and confidence in the family. “After
that, we won more projects with them and in 2011, we decided to release in the stock market we invited them
to invest out of respect, courtesy and utang na loob because we were able to grow our company very fast
because of their support,” he adds.
In the same year, Megawide went public. Since then, it grew to become a residential property contractor into
an infrastructure firm. It has acquired more projects both in the public and private sectors, shaping the skylines
of urbanized areas and defining the lives of the people with their related services. The company has several
on-going residential projects in Makati and Quezon City; and office/commercial establishments in Taguig,
Pasay, Pasig, Lapu Lapu City, and Cebu City. Megawide is also currently involved in the Public-Private
Partnership (PPP) framework projects like the Southwest Integrated Transport System in Paranaque City, the
newest phase of the Mactan-Cebu International Airport, and the modernization of the Philippine Orthopedic
Center. All of these are on top of the existing structures Megawide already built. That includes the City of
Dreams Manila, the Bellevue Executive Tower in Muntilupa City, the Kimberly Hotel Tagaytay, the Almanza
Metropolis in Las Pinas, the SMDC Grand Showroom in Pasay City, and the Tomas Morato Plaza in Quezon
City.
Even both of them didn’t know that they will go this far
in the construction industry. They were only fresh licensed
engineers then when they established the company, now
valued by the stock market at P29.7 billion. “One might say that
qualities like being too young, too adventurous, not knowing
enough, are weaknesses that keep you from being successful,
but this is not true. All we had were guts and a drive to
succeed.” Saavedra reveals.