Construction

HeimLantz has deep experience across a wide range of construction / contractor businesses. From the financial management of your sub-contractor relationships to preparing financial statements that will be respected by banks and sureties, or even selecting the right accounting software, construction contractors have many financial and accounting needs. Here are just a few of the typical areas of concern:

  • Percentage of completion revenue recognition
  • Long-term vs. short-term contracts (tax concept)
  • Job costing (by project)
  • Labor distribution (apportioning out labor to each project)
  • Material handling/inventory
  • Insurance
  • Choice of entity – limiting liability and preserving tax benefits
  • Allocation of overhead vs. general administrative
  • Margin analysis/industry ratios