Construction

The very nature of construction requires forward thinking — you envision the finish line and your completed project. Getting there is where planning, management, and agility are essential for profitability. CohnReznick’s Construction Industry Practice sees progress as the ultimate goal and works with you to manage cash flow, capital requirements, bonding advisory, job site integrity, and performance benchmarks.

With extensive technical knowledge and experience in the construction industry, along with a respected reputation, CohnReznick’s Construction Industry Practice provides measurable value to our clients.

A LARGE, INTEGRATED TEAM

CohnReznick ‘s experience with the industry began in 1919 and has grown by successfully supporting the financial goals of clients through many periods of expansion and economic volatility

EXPERIENCE ACROSS CONSTRUCTION SECTORS

We understand the specialized requirements of a range of construction businesses:

Alternative energy contractors
Builders and real estate developers
Civil contractors
Construction management firms
Family-owned contractors in generational transition
General contractors
Heavy highway contractors
Marine contractors
Public agencies
Public-private partnerships (P3)
Specialty trade contractors

ACTIVE INDUSTRY ENGAGEMENT

Being involved at a local and national level with trade associations contributes to our understanding of current trends and industry issues. Our thought leaders regularly conduct educational programs and serve as speakers and expert advisors for groups such as:

American Road and Transportation Builders Association
American Subcontractors Association
Associated Builders and Contractors
The Associated General Contractors of America
The Association for the Improvement of American Infrastructure
Construction Financial Management Association
Construction Industry CPAs/Consultants Association
Construction Institute
National Association of Surety Bond Producers
Subcontractors Trade Association
Utility & Transportation Contractors Association

The industry leading accounting, tax, and advisory services we provide are the foundation of services we have built for construction companies. There are many unique services as well such as bonding advisory, attest services to satisfy bank and surety needs, and FAR compliance that may be required depending on your objectives.

ACCOUNTING AND AUDIT

From percentage-of-completion accounting to revenue recognition to accounting for loss contracts, our professionals help you address the impact to your financial statements.

BONDING/BANKING CONSULTING

Our services help contractors expand their bonding capacity and banking lines of credit.

ERP for Construction

ERP implementation and post-implementation services to help fully leverage your technology investment across your organization and achieve faster ROI.

FAR COMPLIANCE

For companies involved with public sector contracts, we help create cost accounting procedures and internal controls mandated by Federal Acquisition Regulations (FAR).

Compliance and MONITORING

CohnReznick provides independent compliance and monitoring services to establish protocols and find weaknesses in internal and project controls. These controls can identify and prevent fraudulent, wasteful, or abusive behaviors, from both the contractor's and the owner's perspectives, through all phases of your construction project.

Making a difference in distressed communities and with our deep expertise in the real estate industry, CohnReznick has been on the cutting edge of innovative community development for more than 30 years. Whether it is working within tax credit programs, helping shape policy at Federal and state levels, or collaborating with state and local economic development programs, we have helped lead the growth and sophistication of the community development industry. Since the implementation of tax credits and now through the unique approach of Opportunity Zones, CohnReznick has served developers, governmental entities and other stakeholders to help communities reach their full potential.

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.

Learn more about the Lease Accounting Standard