A survey of the construction industry by Prairie Capital Advisors, Inc., found that 67.6% of respondents had not seen their Employee Stock Option Plan (ESOP) significantly impacted by COVID-19.
The investment bank tracks this data because many of its construction industry clients have decided on an ESOP as part of their ownership transition strategy. The survey also found that the pandemic has caused 50% of respondents to experience project profitability decreases in 2020 as a result of the pandemic.
About 44% noted no change in profitability in 2020. More than 60% of respondents reported that they plan to make investments in 2021, including in training, technology, and equipment.
More than half of survey respondents reported their biggest operational concern for 2021 was increased competition. Some 71% of companies surveyed said the result of the Presidential election would have no impact on their business opportunities.
Related Stories
Codes and Standards | May 24, 2016
Ontario planning to spend $7 billion on wide-ranging climate change plan
Includes financial incentives to retrofit buildings.
Codes and Standards | May 23, 2016
Facility managers say Internet of Things, analytics will impact maintenance soon
More reliable data needed for optimal results from the technology.
Codes and Standards | May 20, 2016
Industry leaders call for wider use of bamboo as a building material
Benefits include seismic resiliency and sustainability.
Codes and Standards | May 19, 2016
Asphalt roofing group publishes updated shingle installation guide
Technical manual provides best practices for roofing professionals.
Codes and Standards | May 16, 2016
EPA proposes new stormwater discharge regulations for construction sites
Would apply to sites of one or more acres.
Roofing | May 16, 2016
New guide focused on increasing energy and structural performance with raised-heel trusses
Higher trusses simplify attic ventilation, leave more space for insulation.
Codes and Standards | May 11, 2016
Current California seismic codes provide safety, resiliency, but needed upgrades present challenge
Los Angeles requires seismic retrofits, but other cities do not.
Codes and Standards | May 10, 2016
Apple spars with Cupertino, Calif., mayor over strained city infrastructure
Apple’s new ‘spaceship’ campus project prompts questions about whether the company should pay more to offset traffic woes.
Codes and Standards | May 9, 2016
Safety Stand-Down yields proposals to boost construction safety
One example: Gilbane encourages safety harnesses for all working above 6 feet.
Codes and Standards | May 9, 2016
EcoDistricts unveils sustainable neighborhood framework
Focus is on equity, resilience, and climate protection.