UPFRONT INDUSTRY BUZZ

摘要

The Recession Has Curtailed retirement plans for many construction firm owners even as their average age rises, says a new survey by FMI. In a study sent to 6,700 contractors with revenue of more than $15 million, more than half of the 4.1% of owners who responded say they don't yet have a team of management replacements ready, and 56% don't have a formal plan to transition themselves out of a job. "Many business owners now want to work longer, benefit from the profitability of their existing business versus alternative investments, and rebuild their business in the wake of the economic decline," says FMI, which last did the survey in 2007.