Marcum LLP
Industries

Construction

Marcum LLP Construction Services Group
 

Marcum LLP's Construction Services Group is dedicated to assisting contractors with personalized and attentive service, strong technical expertise, and uncompromising integrity. Regulations related to the construction industry can be complex, making compliance with these laws an ongoing challenge.

Marcum is committed to the growth and success of its clients by providing strategic and timely accounting, consulting, and taxation services designed to help build a more profitable and valuable construction enterprise. In addition, we offer computer network implementation and security and executive planning.

Companies involved in long-term contracting face a world of intricate challenges, issues and obstacles in today's changing economy. There is a critical need for these companies to engage professionals that understand contract accounting and the elements of a construction project. Our contracting experts can help you anticipate major issues and understand the industry specific needs that construction companies face.

Our National Construction Industry Services group members are called upon to testify as experts in their field, are frequent contributors to professional trade publications and are sought after speakers on topics concerning long-term contract accounting by the AICPA and other organizations.

Among the country's foremost experts on accounting, tax and business issues in construction, Marcum's Partners and Directors are technical reviewers of the AICPA Audit Risk Alert, Construction Contractors Industry Developments, and the AICPA Audit and Accounting Guide for Construction Contractors.

CONTACT THE NATIONAL LEADER
Joseph  Natarelli, Construction Services Leader, Assurance
Construction Services Leader
1.888.580.7735


 

Upcoming Events

Marcum Rhode Island Construction Summit

August 28, 2019

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Marcum New England Construction Summit

September 19, 2019

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Marcum Mid-South Construction Summit

October 3, 2019

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Marcum California Construction Summit

October 22, 2019

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Scope of Services

Marcum LLP is a premier provider of full service accounting, tax and consulting services to the construction industry. Our clients range from small contractors to billion dollar international construction organizations. Our client base gives us the breadth and depth of construction experience to effectively and efficiently develop the strategies needed to meet your requirements.

Construction Industry Accounting & Auditing Services

  • Audits, reviews & compilations of financial statements of public & private companies.
  • SSAE 16 audits.
  • Internal audits.
  • Pension & benefit plan review & audits (ERISA).
  • Financial forecasts & projections.
  • Internal controls review & design.
  • Due diligence on acquisitions/divestitures.
  • Custom assurance services.
  • Mergers & acquisitions.
  • Operational auditing.
  • Accounting outsourcing.
  • Monitoring.

Construction Industry Tax Services

  • Tax deferral maximization through contract element review.
  • Long-term construction contracts.
  • Alternative minimum tax planning.
  • Look-back planning & compliance.
  • Cost allocation.
  • Federal, state & local tax planning.
  • Estate & succession planning.
  • IRS examination assistance.
  • Tax preparation for owners & businesses.
  • Tax compliance and planning.
  • Planning for long term contract tax regulations.
  • Evaluation of the various options for reporting taxable income on construction contracts.
  • Cost segregation studies and related services.
  • Multi-state tax consulting and return preparation.
  • Minimization of company sales and use tax obligations.
  • Consulting services.
  • Financial analysis.
  • Job-costing management systems.
  • Cost control report analysis.
  • Maximizing a company's bonding capacity.
  • Controlling costs and establishing internal controls.
  • Establishing and monitoring job costs procedures.

Construction Industry Consulting Services

  • Surety credit & bank financing assistance.
  • Valuation services.
  • Business acquisition and sale.
  • Forensic accounting.
  • Fraud investigations.
  • Litigation support/expert testimony.
  • Claims consulting.
  • Strategic planning & profit enhancement.

Construction Fund Management Services

  • Accounting and administration.
  • Opening and maintaining bank accounts.
  • Setting up client access to accounts.
  • Reviewing proof of claims and determining correct payments.
  • Looking beyond the payment required.
  • Writing and processing checks with signatures.
  • Identification of fraudulent and preferential transfers and payments.
  • Returning undistributed funds.
  • Accounting and internal control assessment.
  • Performing monthly bank reconciliations.
  • Fraud investigation.
  • Escrow agent.
  • Paying agent.

Surety Bond Investigations

  • Financial analysis of principal.
  • Claims evaluation/administration.
  • Indemnity investigations/sources of recovery.
  • Monitoring project progress/cost estimates.
  • Litigation support/principal tax issues.
  • Administration of trust/escrow accounts.
  • Cash flow analysis.
  • Underwriting support.
Contractor Compensation Quarterly (CCQ)

Contractor Compensation Quarterly

The Contractor Compensation Quarterly (CCQ) is especially designed for the busy construction executive that needs to keep abreast of competitive compensation and benefit levels within the industry.

READ THE LATEST EDITION
 
 

We also service various sub-contractors and specialty trades.

  • Airport, bridge & highway contractors.
  • Carpentry.
  • Casino builders.
  • Cesspools and drainage.
  • Colleges & universities.
  • Concrete.
  • Dry wall.
  • Painting.
  • Plastering.
  • Plumbing.
  • Recycling.
  • Tree services.
  • Tunnel construction.
  • Underwater construction.
  • Waterproofing.
  • Electric & gas utilities.
  • Environmental remediation.
  • Heating, ventilation, & air conditioning.
  • Landscaping.
  • Mechanical and heavy highway.
  • Masonry.
 

We serve clients in:

  • Commercial construction.
  • Design build construction.
  • Road & heavy construction.
  • Residential construction.
  • Suppliers for contractors.
  • Sub-Contractors.
  • Specialty Contractors, including:
    • HVAC.
    • Electrical.
    • Glazing.
    • Steel erectors.
    • Painting.
 
 

Newsletter

JOLTS Survey Analysis

SURVEY ANALYSIS

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Related News

Construction Dive quoted Partner James Miller in an article about cost overruns on construction jobs.


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Construction Dive quoted Partner James Miller in an article about cost overruns on construction jobs.

Budget structures vary by the type of construction a contractor performs.

Construction Accounting  & Taxation published a column by Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu, about how U.S. tariffs on Chinese goods could impact U.S. construction.


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Construction Accounting & Taxation published a column by Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu, about how U.S. tariffs on Chinese goods could impact U.S. construction.

While U.S. policymakers have set their sights on many nations over the past two years, including South Korea, Mexico, Canada, Australia, the European Union, and ....

Construction Accounting & Taxation published an article by Director Marissa Pepe Turrell, on best practices in valuation of construction companies.


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Construction Accounting & Taxation published an article by Director Marissa Pepe Turrell, on best practices in valuation of construction companies.

It is logical that business owners must understand the value of their companies when contemplating a sale, and owners typically seek professional appraisal services to ....

Construction Accounting and Taxation published the latest article by Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu in the May/June issue.


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Construction Accounting and Taxation published the latest article by Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu in the May/June issue.

While the shor t-term ef fects of the Tax Cuts and Jobs Act seem positive, the long-term ef fects are still in question.

Construction Executive published an article on considerations for structuring contractor entities under the new tax law, by Partner James Lundy, Senior Manager Ashlie Forum, and Senior Associate Ashley McDougle.


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Construction Executive published an article on considerations for structuring contractor entities under the new tax law, by Partner James Lundy, Senior Manager Ashlie Forum, and Senior Associate Ashley McDougle.

This article examines how the TCJA affects contractors who are trying to determine the best ownership structure for their businesses, whether as a C corporation ....

Marcum Commercial Construction Index Sees Construction Industry Surging Along with Economy


Press Release

Marcum Commercial Construction Index Sees Construction Industry Surging Along with Economy

The Marcum Commercial Construction Index for the first quarter of 2019 reports the highest levels of private nonresidential construction spending ever recorded.

Construction Executive published an article by Partner Robert Mercado and Supervisor Megan Moriarty, about understanding the importance of contract ratios.


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Construction Executive published an article by Partner Robert Mercado and Supervisor Megan Moriarty, about understanding the importance of contract ratios.

Contractors are required to provide financial statements to various outside parties, such as banks, bonding companies, customers and divisions of governments for prequalification purposes.

Construction Executive published an article by Partners Robert Mercado and William Clark about maximizing contractor capital for increased bonding capacity.


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Construction Executive published an article by Partners Robert Mercado and William Clark about maximizing contractor capital for increased bonding capacity.

Many contractors rely heavily on surety credit, also known as bonding capacity, in order to bid and win projects. It is important to understand how ....

Construction Executive published an article by Senior Tax Manager Ashlie Forum on the impact of the Tax Cuts & Jobs Act on construction contractors.


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Construction Executive published an article by Senior Tax Manager Ashlie Forum on the impact of the Tax Cuts & Jobs Act on construction contractors.

Although the total impact of the Tax Cuts and Jobs Act (TCJA) will only be determined with time, certain changes that begin with the 2018 ....

Construction Executive published an article by Assurance Partner James Miller and Supervisor Megan Moriarty, about the revenue recognition standards for privately held construction companies.


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Construction Executive published an article by Assurance Partner James Miller and Supervisor Megan Moriarty, about the revenue recognition standards for privately held construction companies.

The adoption of Accounting Standards Codification 606, Revenue from Contracts with Customers, is in full swing.

Construction Executive published an article by Assurance Partner Robert Mercado about how to successfully structure a joint venture between construction contractors.


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Construction Executive published an article by Assurance Partner Robert Mercado about how to successfully structure a joint venture between construction contractors.

The construction industry continues to witness the creation of joint ventures among contractors of all sizes, and for a variety of reasons.

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ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

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