2022 Marcum Northeast Ohio Construction Survey

1. Did you apply for and get accepted for the Employee Retention Tax Credit (ERTC) for 2020 and/or 2021 tax years? Yes 41% No 34% I'm not aware of the ERTC 25% 2. Do you feel that over the past year the ability to obtain financing has: Decreased 5% CONSTRUCTION SURVEY 2022 MARCUM NORTHEAST OHIO

Stayed about the same

71% 24%

Increased

3.

What is the current outlook on your bonding capacity? It will be significantly more difficult to obtain bonding It will be somewhat more difficult to obtain bonding It will be neither more nor less to obtain bonding It will be somewhat less difficult to obtain bonding It will be significantly less difficult to obtain bonding

1%

11%

80%

5% 3%

4. For contractors, which of the agreements below do your owners sign personally? Personal indemnity agreement with the surety

8%

Personal guarantee agreement with bank

19% 42% 31%

Both surety and bank personal guarantee agreements Owners do not sign personally on either agreement

5. In the next 3 years in your region, do you see your business having: More opportunities

51%

Fewer opportunities

9%

Same amount of opportunities

40%

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