Hot Topics Hot Topics Ownership Leadership Transition Company

Hot Topics

Hot Topics • Ownership / Leadership Transition • Company Culture • Construction Industry Trends • Technology Advancements

Ownership / Leadership Transition Does your company have a succession plan in place? How to secure the future of an entity with so many construction professionals nearing retirement age? Given the challenging labor pool, companies need to dedicate resources to securing and grooming new talent for top roles.

Ownership / Leadership Transition OVERARCHING GOAL: The Long-Term Success of the Company and its People “OWNER” • Needs/Goals for Retirement • Responsibility & Control must Transition TIMING • 10 Years to Implement • Needs/Desires of Seller “FUTURE OWNER” • Ideally You Want to Align Ownership with Leadership • Success is Most Dependent Upon Having the Right Team TRANSACTION • Many options for Transaction Structure. Find one that fits best.

• Leaders with Strong Character & Drive • Develop all Levels of Talent • Collaborative Leadership Team • Give Responsibility Don’ts Do’s Ownership / Leadership Transition • Be greedy • Designate leaders because they are family • Keep control too long • Get hung up on Employee Financial Resources

Ownership / Leadership Transition Sample Leadership Development Plan Leadership - Reading List - Associations Training -Coaching -Mentoring -Financial -Legal Selection - Identification (Annually) - Expectations Assessment -360 Reviews -Meyers Briggs -Strength Finder

CULTURAL Company Culture - Values - Attitudes - Passion - “Vibe” - Leadership Team Experience TECHNOLOGICAL - Tablets - Training - Software - Timecards PHYSICAL - Demographics -Collaborative - Amenities - Tools - Prefabrication -Safety Gear

Company Culture • Find time for Team Building / Social Activities • Wellness – “Colorado Life” • Workspace – Physical or Mobile

Company Culture • Offsetting People Shortages & Turnover – What Does It Take? Collaborative Environment Intelligent Growth Coaching & Mentoring Work-Life Integration Shared Resources Creating Opportunity Cross. Training Flexible Work Schedules Mutually Beneficial for Both Your Organization and Your Employee

Construction Industry Trends GOOD BAD UGLY • Booming Private Sectors • Flat Public Sectors • Lack of Skilled Workers • Shift to Design-Build & IPD • Tariff Tax • Construction Cost Escalation • Delayed Leadership Transitions • Rise in Legal Activity • Mergers & Acquisitions • Technology • Value Adds: Sec 179 D & R&D Tax Credits

Technology Advancements Trimble & GPS Drones CRM • Collaboration • Communication • Productivity & Processes Social Communication Automation • Contribution & Insight • Global outreach • Spec and Procurement Strategies Prefabrication VR & AR BIM