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. 

FAR COMPLIANCE

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

INTEGRITY MONITORING

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.
 
Jack A. Callahan
CPA, Partner - Construction Industry Leader
Eatontown, NJ
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