‘Start Yesterday’: Time Sensitive Succession Planning in Construction

Contractors planning an ownership transition need to start early and maintain strong financial records and strategic planning to maximize company value and reduce risk. A successful handoff to family, employees, or outside buyers depends on preparation that addresses finances, documentation, and clear succession strategy.

Contractors who want a successful ownership transition must start early. Strong financial management, clean records and strategic planning can increase company value, reduce risk and ensure a smoother succession—whether transferring ownership to family, employees or outside buyers. The post ‘Start…

This story was originally published by Construction Executive.