MBEX 2025 Annual Report

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ANNUAL REPORT

DavidSiegel& AshleeHartwig

TABLE OF CONTENTS TABLEOFCONTENTS

FROMTHE EXECUTIVE DIRECTOR

3

MOSTVIEWED PROJECTS

4 5 5 6 6 7 7 WHOWEARE 2025BOARD OFDIRECTORS ONLINEPLAN ROOMTOTALS

MOSTVIEWED PROJECTS(CONT.) PASTAWARD RECIPIENTS WHAT’SAHEAD CONTACT INFORMATION 2025HOTTOPICS

PROJECT PHOTOS PROJECTPHOTOS

FRONTCOVER,BACKCOVER&BACKGROUNDPHOTOS: “ConstructionofSteelFrameofBigBuildingwithBlueSkyBackground” ViaGettyImages | Bysupparsorn

PAGE4: AppleValleyFireStation#2 AppleValley,Minn TerraConstruction(CM) CNHArchitects(Architect)

PAGE8: WarroadRiverPlaceArts,Culture &EventsCenter Warroad,Minn. Mortenson(CM) HGA(Architect)

PAGE9: MayoClinicAnna-Maria &StephenKellenResearchBuilding Rochester,Minn KnutsonConstruction(CM) HDR(Architect)

PAGE11: MinneapolisAmericanIndianCenter Minneapolis,Minn. LoefflerConstruction&Consulting(CM) FullCircleIndigenousPlanning+Design; Cuningham(Architects)

FROMTHE EXECUTIVEDIRECTOR

AswebegantheprocessofrebrandingMBEXthisyear,wedugdeeplyintothecharacteristicsofour membership.MostbusinessesjoininitiallytoaccessthePlanRoom.Butinterestingly,overtime,theycome toappreciatethetrustedpartnershipstheydevelop.Theirengagementdeepens,andtheybecome passionateadvocatesfortheExchange,givingbacktotheconstructionindustryandcommunity.

OurPlanRoomisaservicethatmembersusedaily,andoftenmultipletimesaday.Weknowhow importantthePlanRoomistoourmembers.Wealsobetterunderstandnowhowimportantweareasa hubofcollaboration.MBEXisn’tjustatechtool;it’satrustednetworkofpeerswhounderstandthatwhen peopleknowandtrusteachother,realworkgetsdone.Wemakeiteasiertofindtheworkandthepeople tosupportyourbusiness.I’vespentmycareerinAssociationmanagement,andIcantellyouthatwhatwe havehereatMBEXisspecial.

AsWillRogersoncesaid,“Evenifyou’reontherighttrack,you’llgetrunoverifyoujustsitthere.”Withthat inmind,wechargedinto2025withaneyetowardcontinuousimprovement.

Herearesomeofthehighlightsoftheyear:

Wepresentedmorethan5,000projectstotheindustryforbidconsideration(arecordnumber). Weheld15eventsreachingmorethan1,700industryprofessionals. Wewelcomed160newmembers(anotherrecordnumber).

Wesoldourofficebuildingandmovedintoanewspace,allowingourBoardtocreateanexcitingand innovativeinvestmentpolicybetterensuringtheExchange’sfuture.

Weengagedinarebrandthathashelpedusdefineourvision,mission,corevalues,keymember characteristics,keymessagesandouruniquepositioninthemarketplace.

Weaddedblueprintstoourfilteredopticalcharacter readresults(OCR),meaningyourprojectsearchfilters nowscaneveryspecificationdocumentandtextboxes onblueprints.Moreresultsforyou!

Welaunchedanewmembershipdatabase,GrowthZon You'llgraduallyseemorechangesandenhancements thatGZprovides,includinganonlinedirectoryand simplifiedannualduespayment.

WerelaunchedourYoungProfessionalsNetwork. Finally,weawarded$24,000inscholarshipsto18 deservingstudentsgoingintoconstruction.

Evenasthespecificactionsweundertakemightchangeye toyear,ourmissionremainsourconstant:tohelpour membersbyfacilitatingtheexchangeofplans,connections andknowledge

Webelievethebestwaytogrowtheindustryistogroweach businesswithinit We’rethrilledtobeonthisjourneytogether andgratefulforyoursupport

Helpingourmembersgrowbyfacilitatingtheexchangeofplans, connection,andknowledge. Astrongercommercialconstructionindustry,builtonsharedplansthat becomepartnerships.

2025BOARD OFDIRECTORS

January-472

February-586

March-531

April-528 May-454

June-347

January-525 February-422 March-406 April-544 May-484 June-402

TOPPROJECTTYPES

July-364 August-337 September-306

October-347

November-377

December-363

July-369

August-392

September-317

October-393

November-328

December-327

TOPPROJECTCATEGORIES

MOST VIEWED PROJECTS

JANUARY

NewElementarySchool-CityofMapleGrove

TotalVisitors: 11,057

TotalUniqueVisitors: 558

ProjectType: NewConstruction

ProjectCategory: Educational

FEBRUARY

PoliceCityHall-CityofBurnsville

TotalVisitors: 11,501

TotalUniqueVisitors: 532

ProjectType: NewConstruction

ProjectCategory: LocalGovernment

MARCH

PoliceAddition-CityofNewPrague

TotalVisitors: 8,173

TotalUniqueVisitors: 521

ProjectType: Addition

ProjectCategory: LocalGovernment

APRIL

NewCityHall&FireStation-CityofOakGrove

TotalVisitors: 8,528

TotalUniqueVisitors: 500

ProjectType: NewConstruction

ProjectCategory: LocalGovernment

MAY

NewCityHall&FireStation-CityofOakGrove

TotalVisitors: 9,535

TotalUniqueVisitors: 513

ProjectType: NewConstruction

ProjectCategory: LocalGovernment

JUNE

Additions&RenovationsRosemountHighSchool

TotalVisitors: 14,695

TotalUniqueVisitors: 593

ProjectType: Addition/Remodeling

ProjectCategory: Educational

JULY

PublicSafety-CityofWaitePark

TotalVisitors: 7,400

TotalUniqueVisitors: 422

ProjectType: NewConstruction

ProjectCategory: LocalGovernment

AUGUST

LandfallStormShelter&CommunityCenter (St Paul)

TotalVisitors: 5,643

TotalUniqueVisitors: 436

ProjectType: NewConstruction

ProjectCategory: LocalGovernment

SEPTEMBER

WoodlandCoveWaterTreatmentPlantCityofMinnestrista

TotalVisitors: 5,180

TotalUniqueVisitors: 399

ProjectType: NewConstruction

ProjectCategory: Wastewater/Water Treatment

OCTOBER

HouseholdHazardousWaste&Recycling Facility-DakotaCounty

TotalVisitors: 6,962

TotalUniqueVisitors: 470

ProjectType: NewConstruction

ProjectCategory: LocalGovernment

NOVEMBER

Additions&Renovations-PineHillElementary (CottageGrove)

TotalVisitors: 8,010

TotalUniqueVisitors: 460

ProjectType: Remodeling/Renovation

ProjectCategory: Educational

DECEMBER

RooseveltHighSchool-CTECenter (Minneapolis)

TotalVisitors: 7,575

TotalUniqueVisitors: 460

ProjectType: NewConstruction

ProjectCategory: Educational

2025HOTTOPICS

TARIFFS

Tariffscameoutswingingatthestartof2025, especiallyforanyonelockedintofixedpricework. Highermaterialprices,insuranceheadaches,and someinternationalretaliationmadebudgeting harder.

ARTIFICIALINTELLIGENCE

Contractorsmovedfrom“let’stestAI”to“AI actuallyhelps,” utilizingitforprogresstracking, documentation,andworkflowcleanup Nearlyhalf offirmsplantoincreaseAIinvestmentin2026

DATACENTERS

Datacentersstolethespotlightin2025.Fueledby theAIboom,demandskyrocketed,reshaping contractorstrategiesanddrivingrecordlevelsof work.Theopportunitiesaremassive,butsoarethe challenges,frompoweravailabilityandequipment shortagestocommunitypushbackandtightlabor.

COLLABORATIVEDELIVERY

Progressivedesign-build,CMAR,andselectiveP3 structuresgiveteamsawaytoalignearly,manage permittingrisk,andchange-orderchaoslater Statelawsandguidancecontinuedtoloosen barriers,makingtheseapproachesaccessibleto mid-sizedandevensmallersystems

PROJECTLABORAGREEMENTS

PLAswereonagain,offagain.Federal mandatesranintolawsuits,sostatesandcities movedforwardwiththeirownversions(some withguardrails,otherwithgusto).

CLEANWATERACT

TheEPAandtheArmyCorpsformallyleanedinto amuchnarrowerdefinitionoffederalwaters,anda proposedWOTUSrulewouldcodifythatshift, reducingfederalpermitsbutleavinglargeswaths ofwetlandsandstreamsunprotected

PERMITTING

Federal“streamlining”narrowedNEPAreviewsand speduptimelinesonpaper,butformany communitiesitalsonarrowedpublicinputand increaseduncertaintyaboutwhatwouldqualifyfor fast-tracktreatment.

IIJAFUNDING

AsIIJAfundingtapered,someprojectsmoved forwardwhileothersstalled,reinforcingahard lesson:authorizeddoesnotmeanfunded,and fundeddoesnotmeanfinished.The“2026cliff” putpressureonlocalsponsorstomovequickly, stackfundingsources,andbringmoretothe tablethemselves.

DEREGULATION

Federalprocurementspedup,compliance requirementsloosened,andenvironmental oversightscaledback,cuttingcosts.Butit alsointroducednewuncertainties.

DISTINGUISHED MEMBERS DISTINGUISHEDMEMBERS

WHAT’SAHEAD FORMEMBERS

Fromrelationshipbuildingtoscholarshipsupport,MBEXeventsaredesignedtohelpmembersconnect, learn,andstayengagedthroughouttheyear Here’salookatsomeofthesignatureopportunitiesahead

APR 15

MAY 6

JUNE 3

JUNE 16

AUG 6

AUG 19

OCT 8

SpringSocial

MidlandHillsCountryClub-Roseville,Minn

Kickofftheconstructionseasonbyreconnectingwithindustrypeers,welcomingnew members,andstrengtheningrelationshipsthatcarryintothebusymonthsahead

YoungProfessionalsNetwork

RJMConstruction-GoldenValley,Minn

Anopportunityforemergingyoungprofessionalstobuildconnections,share experiences,andgrowtheirprofessionalnetworksinarelaxed,peer-focusedsetting.

MemberAppreciationBBQ

TheBuildersGroup(TBG)-Eagan,Minn

Athank-youtoourmembers.ThiscasualgatheringisallabouttheExchange’s community,conversation,andcelebratingthememberswhomakeMBEXwhatitis.

TwinCitiesGolfTournament

OakGlenGolfCourse-Stillwater,Minn

OneofMBEX’smostanticipatedevents,bringingmemberstogetherfornetworking, friendlycompetition,andrelationship-buildingonandoffthecourse.

SportingClaysScholarshipFundraiser

GameUnlimitedHuntingClub-Hudson,Wisc.

Supportthenextgenerationofconstructionprofessionalswhileconnectingwithfellow membersatthisannualfundraiserfortheMBEX/TBGConstructionScholarship

GolfNorth

RidgeviewCountryClub-Duluth,Minn

Aregionalfavoritethatcombinesbusinessdevelopment,networking,andastrong senseofcommunityamongMBEXmembersintheNorthland

FallSocial

RushCreekGolfCourse-MapleGrove,Minn.

Reconnectafterabusysummer,reflectontheyear’smomentum,andstrengthen connectionsheadingintothefinalstretchoftheyear.

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