- The average U.S. construction executive is 58 years old
- 45% of leadership positions are held by individuals over 55
- 41% of the construction workforce is projected to retire by 2031
- Only 35% of U.S. construction firms have a formal succession plan
- Companies with a documented succession plan trade at a 40% premium to industry average
Most GCs know the problem exists. Few have done anything about it.