Powers and Objectives.
Section 2
SEC. 2. Powers and Objectives. —The Construction Industry Authority of the Philippines shall promote, accelerate and regulate the growth and development of the construction industry in conformity with national goals. Specifically, the Authority shall have the following powers and objectives: To evolve an overall strategy and exercise centralized authority for the optimum development of the construction industry; To monitor and study the operations of the construction industry both here and abroad, to identify its needs, problems and opportunities and to recommend and/or implement policies, legislations, programs and measures to support the development of the industry; To rationalize investments in the construction industry in accordance with national investment priorities and development needs; To establish criteria for the classification and categorization of contractors which accurately reflect their contracting capacity and performance capability; To enforce relevant and reasonable rules and requirements, as well as implement practicable and efficient procedures for pre-qualification of public projects; To recommend and encourage the adoption of equitable and realistic contract conditions for construction; To seek the adoption of credit and other financing policies necessary for sustaining the continued and orderly development of the construction industry and for supporting Filipino contractors particularly those involved in overseas construction; To identify and recommend other incentives necessary to support overseas construction; To establish procedures, guidelines and criteria for fair and expeditious adjudication and settlement of claims and disputes in contract implementation; To promote construction manpower training to supplement the manpower training efforts of the private sector, through the centralization of programming and coordination of activities of all government agencies; To establish a funding mechanism with the private sector to promote and develop the construction industry; To perform such other functions necessary to achieve its objectives.