Construction

Construction is a highly labor-intensive and capital-intensive business – posing unique cash-flow, tax, and management issues. In this climate, forward-thinking strategies are crucial to overcoming challenges and operating a successful contracting business.  At Dermody Burke and Brown (DB&B), our experience in the construction industry ensures our clients receive knowledgeable, responsive service and resourceful tactics. Since we understand the operational nuances of the construction industry, including the trends, challenges and opportunities facing our clients, we can help you make the right decisions which will ultimately translate into improved profitability.

DB&B’s Construction Services Group is a team of dedicated, expert personnel—including certified Construction Industry Technicians (CITs)—who work together to deliver focused financial and consulting services to our construction clients. Our Construction Services Group acts as a “think tank” to develop new, innovative ways to help our clients overcome challenges that are unique to construction, but can also provide all the fundamental services necessary for smooth day-to-day business operations. DB&B’s comprehensive approach to serving the construction industry includes each of our service niches.

In the event that an unusual or particularly challenging issue arises, DB&B’s affiliation with the Allinial Global allows our team to tap into a wealth of construction experience of other top tax and accounting practices. Allinial is an association of legally independent accounting and consulting Firms that seamlessly share training resources, best practices, information and expertise. Our firm is also a member of the Construction Financial Management Association (CFMA).

Our Construction Services Include:

• Cash flow analysis
• Contract reviews specifically related to accounting and cash flow impact
• Budgeting for a profit
• Job costing systems
• Post-project review analysis
• Tax planning related to revenue recognition for long-term contracts
• Internal control systems review
• Fixed-asset accounting and depreciation calculation
• Tax credits, alternative minimum tax issues and state and local tax issues
• Estate and gift tax planning
• Assisting with financial projections for outside sources
• Improving construction productivity
• Valuations of construction companies
• Ownership transfer and management succession planning
• Capital budgeting including lease vs. buy decisions