Construction Industry
Building a Better Future
Our Construction/Real Estate practice seeks to provide advisory solutions for general contractors, specialty contractors, and home builders to help improve their businesses. Through our industry knowledge and commitment to this rapidly changing industry, we have been able to grow our own client base from local home builders and contractors through national developers. We are active in several construction industry associations where we work towards understanding the current issues and concerns of construction owners.
The recent economic challenges have affected us all, and particularly the construction/real estate industry. With many just trying to hang on, it is important to be as efficient as possible and put yourself in position to reap the rewards of an improved market in the future. We can provide you with the strategies needed to grow your business within this competitive and ever-changing industry, and we seek to share our expertise and knowledge of the industry to guide you towards better decisions resulting in greater profits.
Our Construction/Real Estate professionals have specific niche industry knowledge and we are additionally experienced in working through such construction-specific items as union/non-union issues, estimating and bidding, and use of technology within the industry. We work with you to find proactive solutions to help you manage your business more effectively.
Success Stories/Client Testimonials
- Our profit planning services helped one client grow their business from $2 million in annual sales to $10 million in just six years. Along with increased volume, their net income increased from 2% of revenue to 15% of revenue.
- We assisted a start-up company with cash flow projections and planning. This information was used to secure business operations financing for the client. In addition, assisted the client in developing overhead rates for job estimating and bidding to maximize individual job profitability.
- We developed and implemented a succession plan for one of our general contractor clients. We successfully transitioned the business and real estate to the next generation of owners. This will save the client a significant amount of estate and gift taxes and, more importantly, provide the peace of mind knowing the business will continue into the future.
- We assist many of our construction contractor clients with their insurance bonding requirements. Our experience in working with insurance bonding companies allows us to present our client's audited financial statements in a manner that the bonding company understands and feels comfortable with. In addition to the main financial statements, we prepare detailed work-in-process supplemental schedules requested by the bonding company.
Construction contact:
James Laubinger, CPA
Principal
jlaubinger@cdhcpa.com