Asset Management Practices of Construction Companies in Batangas Province, ‎Philippines

  • Authors

    • Ronald C. Bajet Sandisk Storage Corp
    • Dr. Nickie Boy A. Manalo A Batangas State University-The National Engineering University
    https://doi.org/10.14419/y238xk50

    Received date: June 13, 2025

    Accepted date: July 10, 2025

    Published date: July 15, 2025

  • Asset Management; Asset Management Practices; Construction Companies

  • Abstract

    This study aimed to assess the asset management practices of construction companies registered under the Philippine ‎Construction Accreditation Board (PCAB) in Batangas Province. The assessment focused on four key stages: business case, ‎create or acquire, operate and maintain, and dispose of or replace. Company profiles were considered in terms of business ‎ownership, classification, number of employees, asset size, and license category. A descriptive research design was employed ‎using survey questionnaires and expert consultations. Respondents were fixed asset accountants or, when unavailable, ‎managers knowledgeable in asset management. To determine significant differences in practices based on company profiles, ‎the Kruskal-Wallis H-Test, a non-parametric statistical tool, was utilized. Results showed that most respondents were ‎corporations (48.4%) engaged in general engineering services (52.4%), with 100 to 300 employees (29.8% and 27.4% ‎respectively), asset sizes ranging from ₱30 million to ₱60 million (38.7%), and License B accreditation (29%). Among the ‎asset management practices, the top activities included conducting long-term planning and investment summary analysis under ‎business case (mean = 2.96), acquiring assets in bulk under create or acquire (mean = 3.76), conducting annual inventory ‎counts under operate and maintain (mean = 3.52), and disposing of completely damaged fixed assets under dispose or replace ‎‎(mean = 3.69). Significant differences were observed in most asset management practices when grouped according to ‎company profiles, except for disposal practices, which showed no significant difference based on company classification. Based ‎on these findings, a strategic policy framework was proposed to enhance asset management practices in construction firms‎.

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  • How to Cite

    Bajet , R. C. ., & Manalo , D. N. B. A. . (2025). Asset Management Practices of Construction Companies in Batangas Province, ‎Philippines. International Journal of Accounting and Economics Studies, 12(3), 44-52. https://doi.org/10.14419/y238xk50