Gain the Advantage

Construction

Prepare for the impact of revenue recognition on construction and A/E with our terminology tool.

Linda Roberts, CPA

“Our construction specialists work as part of your team, sharing knowledge and insights.”  

- Linda Roberts, Principal

Strengthen your financial foundation


What can you expect to see as the scale, complexity, and cost of today’s construction projects continue to rise?

  • More joint ventures as construction companies pool their expertise and financial resources
  • More complex per-project staffing and equipment leasing
  • More guaranteed maximum price contracts, putting a premium on accurate estimating and cost management
  • More pressure for on-time completion to avoid penalties and late costs, which rise disproportionately to other construction costs

How to navigate these complex waters?

At BerryDunn, our Construction Group can help. From contractor-specific tax strategies to a thorough understanding of construction transactions, we help our clients gain control of the top and bottom lines.

Do you know the pros and cons of buying heavy equipment versus financing it? Or the most advantageous method of accounting for your operation?

We do. Because our experts know your business. We serve many clients in highway, bridge, and heavy construction, as well as commercial, industrial, and residential building. Other clients include mechanical, roofing, and specialty trade contractors; real estate developers; architects, engineers, and appraisers; and bonding, surety, and insurance agencies. Construction contractors and managers, subcontractors and suppliers, designers, developers, owners, and builders all turn to us.

Expertise you can build on

Thanks to our industry focus, experience, and resources, BerryDunn can help you gain real insight — and take advantage of the latest trends and developments, including opportunities to attract new sources of capital, improve inventory management costs, stabilize cash flow, and reduce tax liability.

We are active participants in construction associations throughout the region, and several of us are CCIFPs. Our experts provide training for CCIFP review courses sponsored by the Maine Chapter of CFMA, where they share their insights on tax, accounting, and reporting with CFOs and Controllers in the construction industry from Maine to Massachusetts.

Through our CICPAC membership, we give you the bench strength of a national firm — and the guidance to tackle the increasingly complex challenges of today’s bidding, bonding, managing, and accounting for contracts.
 
Looking for more information about how we can help? Contact our construction industry practice leader, Linda Roberts.

 

Building a construction business? Build it with BerryDunn.