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 | Apr 8, 2021
Sensors used in tunable lighting systems found to have high reliability
DOE study investigated items used to control lumen depreciation, chromaticity shifts, and changes in drivers.
Codes and Standards | Apr 7, 2021
Red tape ruined the U.K.’s home retrofit program
Lessons learned could help US avoid that fate.
Codes and Standards | Apr 6, 2021
Lendlease achieves net-zero carbon in Boston, Chicago multifamily portfolio
New projects in New York, Los Angeles on track to reach goal.
Codes and Standards | Apr 5, 2021
Specification for sliding door, lift and slide roller assemblies updated
Addresses market trend toward heavy sliding doors.
Codes and Standards | Apr 5, 2021
Construction employment rebounds in March following February drop
Rising costs, supply-chain woes, and cancellations threaten outlook.
Codes and Standards | Apr 2, 2021
Intl. Code Council’s new development system could be a brake on building decarbonization
Local governments lose influence on creating new energy efficiency rules.
Codes and Standards | Apr 1, 2021
Cuomo proposes strengthened NY building codes to boost efficiency
Would apply to appliance, equipment efficiency and reduce water use.
Codes and Standards | Mar 25, 2021
N.C.’s Outer Banks’ communities struggle for ways to keep the sea from overrunning them
Tax hikes for beach replenishment offer temporary solution.
Codes and Standards | Mar 24, 2021
Perkins&Will’s D.C. office pledges to eliminate embodied carbon in commercial interiors
Firm aims to reach goal on all designs by 2030.
Codes and Standards | Mar 23, 2021
The 15-minute city may not work in much of North America
Segregated neighborhoods and car-centric cities may not adapt to the European model.
