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Prairie Capital Advisors has released results from its sixth annual construction survey, focusing on employee stock ownership plan (ESOP)-owned firms.
Respondents reported generally stable backlogs and steady demand in 2025 despite higher interest rates and increased competition. Labor availability remains the primary constraint, with companies citing difficulty recruiting experienced tradespeople, supervisors and office leadership.
The survey also found increased adoption of AI-enabled tools for estimating, scheduling and job costing. Many firms identified leadership development, succession planning and long-term ESOP sustainability — including repurchase liability planning — as growing priorities.
