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General Contractors and Construction Succession Survey

Questions marked with an asterisk* are required.

*1. When do you plan to transition ownership and leadership of your business? This could mean selling the business to an outside buyer, transitioning ownership to a family member, or transitioning to current employees.* 1-3 years 4-7 years 7-10 years 10+ years

*2. Do you have a succession plan in place? A succession plan can include details like tax-efficient corporate structures, estate planning, employee retention strategies, value enhancement plans, and more. * Yes Yes, but it needs additional support No

*3. In your plans, who will take over the organization? * Sell to an outside buyer Transition to a family member Transition to employees A combination of the above I don't know yet

*4. What is your biggest challenge as a business owner?*

*5. How challenging are the following issues?

Hiring qualified staff*

Retaining staff*

Keeping pace with technology *

Managing costs *

Shortage of equipment or supplies*

*6. Are your employees aware of or asking about pathways to ownership?* Yes No

*7. What retention strategies do you have in place? Check all that apply.* Employee share ownership plan or profit sharing plans Salary increases Formalized bonus structure (related to strong performance) Retention bonus (an incentive to remain with the organization) Flexible work arrangements Professional development opportunities

*8. To what extent are the following contributing to team members leaving your organization?

Retirement*

Career change/switching industries*

Salary or compensation*

Change of scenery*

Professional development opportunities*

*9. How satisfied are you with your current system’s ability to provide the right information to support short- and long-term planning, decision-making, and strategy management for internal succession or sale to a third party?* Very satisfied Somewhat satisfied Somewhat dissatisfied Very dissatisfied

*10. What types of strategies do you have in place to address equipment shortage concerns? Check all that apply.* Maintenance scheduling Inventory management Pre-ordering parts Buying, taking over, or merging with competitors

Access your free benchmarking report

We’ll compile your answers into a report that compares your succession progress to your peers in the industry. Please provide your contact information below so we can contact you when it’s available.

Don’t want to provide your information? Leave these fields blank to submit your answers anonymously. However, we won’t be able to provide you with a benchmarking report.

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Strategies and solutions that add value to your journey.

Working with organizations across the Canadian business landscape.

From our knowledge and experience come ideas and actions

How to pay yourself from your practice

Veterinary market update: Navigating trends and opportunities in the industry

What you need to know about GenAI in local governments

Build your future with MNP

General Contractors and Construction Succession Survey

Access your free benchmarking report