The traditional challenges of labor, material, and equipment are complicated by regulatory, operational, and compliance forces. The implementation of technology, business strategies, and financial requirements requires a trusted advisor. For more than 100 years, CohnReznick’s Construction Industry practice has built pedigree, relationships, and experience to help contractors of all sizes and types.
Our practice has more than 30 partners leading dedicated teams of more than 200 practitioners who go beyond executing audits, navigating tax returns, and building financial statements. The depth and breadth of our time-tested experience, combined with our relationships and reputation throughout the surety and banking industries, give added strength to your business and what it can achieve, regardless of the challenges ahead.
We are well-versed in the changing business and financial dynamics of the construction industry. Our long-standing service to contractors enables us to help you manage cash flow, capital requirements, bonding capacity, and job site integrity. We also help safeguard what you are building by implementing a long-term strategy to ensure success for you and future generations of ownership.
Our team serves hundreds of contractors ranging from multibillion-dollar construction management firms to local specialty contractors. We devise effective solutions to improve profitability, secure bonding capacity, develop lean operations, and, through our deep, national resources, provide value-added solutions when situations require.
Our construction practitioners have the bench strength, generational knowledge, and continuity that grow with our clients. CohnReznick’s established team delivers on services closely aligned with each contractor’s needs. Through our respected support and advice, we help address contractual challenges, navigate a complex technology landscape, strengthen back-office accounting, and help you build financial credibility. We:
- Minimize tax burdens and help avoid penalties through proactive tax planning.
- Provide timely, critical financial information to allow for strategic decision-making.
- Provide critical support for effective succession planning.
- Identify liquidity issues and mitigate risk.
- Help with bonding capacity.
- Satisfy bank and equity financing requirements.
- Support technology implementations and build cybersecurity protections.
The private company deadline for implementing the new lease accounting standard is rapidly approaching. There are significant advantages to working with a firm having practical, proven experience in advising and assisting organizations in their efforts toward transitioning to Topic 842. Our team can advise and assist on all aspects of the new lease accounting standard, including implementation. Our detailed plan will focus on potential challenges and risks along the way.
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