LDCA Members 2024 How's Business Survey presented by MNP

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* 1. What is your primary business classification (choose one best response)?

Owner/Developer

General Contractor

Trade Contractor

Manufacturer/Supplier

Professional/Allied Services

Other (please specify)

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* 2. What is your business outlook for 2024 (choose one best response)?

+10% increase in business

1 to 9% increase in business

0% increase in business

1% to 9% decrease in business

+10% decrease in business

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* 3. What are the sources of your business (choose one best response)?

Primarily via private/non-bid sources (+60%)

Primarily via bidding (+60%)

Balanced between private/non-bid and bid

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* 4. What are the sector sources of your business. Please rank the following in order of importance to you. (1 being the highest, 6 being the lowest) or identify as not applicable (NA)?

Institutional

N/A

Commercial

N/A

Industrial

N/A

Civil/Heavy/Engineering

N/A

Multi-Unit Residential Buildings

N/A

Other Residential

N/A

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* 5. What are the types of your business. Please rank the following in order of importance to you. (1 being the highest, 4 being the lowest) or identify as not applicable (NA)?

New Construction

N/A

Renovation/Expansion

N/A

Maintenance

N/A

Service

N/A

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* 6. What are your current business concerns? Please rank the following in order of importance to you. (1 being the highest, 8 being the lowest)

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* 7. How are you attracting and retaining critical workforce (choose all that apply)?

Increased compensation over previous trends

Promote employees

Improve employee benefits programs

Guarantee hours of work

Other

None of the above

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* 8. Are your construction business relationships, upstream (entities who pay you), downstream, (entities you pay), and/or co-stream (joint venture or another partner) (choose the one best response)?

Effective, across all relationships

Effective, generally but with specific difficult situations

Ineffective, generally but with specific positive situations

Ineffective, across all relationships

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* 9. Are your business relationships (choose one best response)?

Improving

Worsening

Optimal and remaining the same

Sub-optimal and remaining the same

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* 10. In 2023, did you experience construction project disruptions (choose all that apply)?

Yes, we’ve had one or more important projects cancelled, before start-up

Yes, we've had one or more important projects cancelled, after start-up

Yes, we’ve had one or more important projects delayed, before start-up

Yes, we’ve had one or more important project delayed, after start-up

No, we’ve had no important projects cancelled or delayed

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* 11. What causes are driving project cancellations (choose the one best response)?

Materials (availability, cost, quality)

Trades or other labour ((availability, cost, quality)

General project cost increases (includes materials, labour, etc.)

Financing/funding failure (lack of, decreased forecast revenue generation, increase economic uncertainty, changing priorities, etc.)

Permit delays, etc.

Other (please specify)

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* 12. Are project disruptions in 2023 compared to 2022 (choose the best one response)?

Increasing (frequency, size, impact on your business)

Decreasing (frequency, size, impact on your business)

Stable

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* 13. How well is your supply chain currently performing (choose the one best response)?

Effectively, across all materials (availability, cost, quality)

Effectively, generally but with specific difficult situations (availability, cost, quality)

Ineffectively, generally but with specific positive situations (availability, cost, quality)

Ineffectively, across all materials (availability, cost, quality)

Other (please specify)

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* 14. What tactics are you using to best manage the risk of supply chain disruptions (choose all that apply)?

Use multiple and alternate suppliers

Specify/Use alternate materials (before or after contract signing)

Buy forward and stockpile materials

Buy early after contract win

Negotiate in-project allowances, substitutions, changes, etc. with upstream partners

Nothing

Other (please specify)

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* 15. What is your primary business concern in 2024 (choose one best response)?

Increased housing activity (cause labour challenges/shortages)

Decreased interest rates (cause increase demand for ICI construction)

Battery plant in St. Thomas (cause labour challenges/shortage)

Continued high prices for materials

Other

Don't have any significant concerns

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* 16. Do you believe Climate Change (choose one response)?

Is real and worthy of accomodation in construction life cycle issues

Is real but not worthy of accomodation in construction life cycle issues

Is not real

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* 17. How should Prompt Payment performance be improved? (payors, payees and process participants please provide your perspective) Rank in order of importance

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* 18. In 2024 and beyond what are your most significant business concerns or opportunities (identify as many as you desire and comment as you see fit)?