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2024 Q4 Letter - Thoughts From Leadership

Fiegen Shop Talk

Momentum Ahead

As we close out 2024, we acknowledge the challenges and slower-than-anticipated pace of construction activity that marked the final quarter of the year. While this period posed its set of difficulties, it has also presented valuable opportunities for reflection and strategic planning. As we move into 2025, we are optimistic and excited about the promising prospects for growth and success here at Fiegen.

The outlook for 2025 is strong, driven by a number of positive market indicators such as lowering interest rates and easing inflation. Key projects are gaining momentum, fueled by positivity in the economy and a renewed focus on growth. Additionally, advancements in construction technology, combined with an increased demand for commercial development, are positioning us for a robust year ahead. We will be keeping a close eye on global supply chain uncertainties and ongoing labor shortages in order to manage our projects within budget and schedule.

We remain committed to delivering quality projects, and we are confident that our strategic approach and continued investments in innovation will allow us to not only navigate potential challenges but to thrive in a dynamic market environment. Our strong team, deep industry expertise, and relationships with clients and partners will remain critical to our success in the months ahead.

As we embark on 2025, we encourage all of you to remain focused, motivated, and collaborative. Together, we will leverage the lessons learned from 2024 and work towards building a future that reflects the strength and resilience of our organization.

Lucas Fiegen, President

Fiegen Construction



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