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Every build starts with a plan to succeed. Your business is no different. In today’s volatile economy, construction companies are making it a priority to address succession and cash-flow planning to ensure the business’s health and longevity. Yet, new challenges such as embracing technology and cybersecurity preparedness are now top of mind. Construction companies of all sizes realize the need to ensure their plans for the future are concrete.

Withum’s Construction Services Team helps construction-based companies navigate complex business challenges, whether tax, accounting, advisory or technology-driven. Our team, which includes five Certified Construction Industry Financial Professionals (CCIFP®), services all segments of the industry. We will be a part of the blueprint for your success so you can dream it, build it and grow it.

Who We Help

  • Residential and Heavy Highway Contractors
  • Commercial Specialty Trade Contractors
  • Landscapers and Recyclers
  • Solar power and renewable energy construction companies
  • Suppliers, Manufacturers, Dealers and Distributors
  • General Contractors & Construction Managers

Construction Industry Challenges and Trends

Succession PlanningSuccession Planning

As baby boomers prepare for retirement, business owners are faced with identifying and grooming their successors. Mergers and acquisitions, ESOPs, management buyouts, joint ventures, sale of business and family members are all important aspects of succession planning.

Our Solutions

Technology and Security

Adapting new technologies can help boost construction productivity and profitability, giving your company a competitive advantage. Cloud-based and security solutions, dashboard reporting and technology integrations will keep your team in the loop while collaborating on various projects in a secure environment.

Our Solutions

Productivity

Profit margins are tight in a competitive, saturated market. Identifying and addressing areas of operational risk, like inaccurate job costing, lack of timely information, poor collaboration between office and field, and turnover of key employees, can help you streamline operations and increase profits.

Our Solutions

construction accountingConstruction Accounting

As jobsite locations change regularly, contractors are left with an array of costs ranging from travel time, equipment and jobsite expenses. Understanding the intricacies of construction specific accounting is crucial when looking to maximize profits and cash flows.

Our Solutions

Blueprint for Success

Construction Accounting and Tax Services

Withum Ranks in The Top 50 Construction Accounting Firms™

Banner of the top 50 construction accounting firms
Louis Sandor III, Practice Leader, Construction Services
“It is an honor for our team to be recognized in The Top 50 ranking. We have served the construction industry for over 40 years and have made it our mission to provide world-class service to all of our clients. We are proud to receive this recognition.”

Women in Construction

 

Overview:

It’s not a secret the construction industry is traditionally male-dominated. However, Bridget Davis is breaking down barriers running her own construction business. Tune in as Bridget shares her career journey, challenges and benefits of being a woman in the construction industry, and advice she would give her younger self.

Industry Involvement

Withum is proud to be a part of these wonderful organizations.

  • FTB
  • BRAGB
  • Associated-Subcontractors-of-Massachusetts
  • Southern California Contractors Association logo

Insights

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