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.
A LARGE, INTEGRATED TEAMCohnReznick ‘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 SECTORSWe 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 ENGAGEMENTBeing 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 AUDITFrom 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 CONSULTINGOur services help contractors expand their bonding capacity and banking lines of credit.
FAR COMPLIANCEFor companies involved with public sector contracts, we help create cost accounting procedures and internal controls mandated by Federal Acquisition Regulations (FAR).
CohnReznick provides independent construction monitoring and forensic accounting 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.
Bridging the Gap in Public Infrastructure Funding with P3s
Despite Tariffs and Labor Shortage, Construction Professionals Still Optimistic for 2019