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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.

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Upcoming Events

September 1, 2016
Marcum Florida Construction Summit

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September 27, 2016
Marcum New England Construction Summit

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October 11, 2016
Global Construction Forum

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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.
 
 

Newsletter

SURVEY ANALYSIS

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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.
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National Construction Leader Joe Natarelli and Chief Construction Economist Anirban Basu kicked off their 2016 article series for Construction Accounting & Taxation, in the March-April issue.

 

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Nonresidential construction spending fell in December 2015 but concluded with a year-over-year gain, reports the Marcum Commercial Construction Index for Fourth Quarter 2015. The ....


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Marcum LLP, a top national accounting and advisory firm, was awarded Associate of the Year by Associated Builders & Contractors of Connecticut. In addition, ....


Southeast Partner-in-Charge Michael Balter advises construction contractors to proceed cautiously in his article, "Bad Ideas in Good Times," for Construction Business Owner magazine.

 

Now that the economy finally appears to be headed in the right direction, many contractors are thinking about hiring talent, acquiring bonding and raising capital ....


Article by National Construction Industry Leader Joseph Natarelli and Chief Construction Economist Anirban Basu completes Marcum's 2015 series for Construction Accounting & Taxation, in the November/December issue.

 

This was not a terrible year. About a year ago, we indicated that 2015 was poised to be the best year of the recovery thus ....


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Article by Joseph Natarelli, National Construction Industry Group Leader, and Anirban Basu, Marcum's Chief Construction Economist, "Just How Severe Are Those Construction Labor Shortages?," Featured in Construction Accounting & Taxation

 

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The Marcum Commercial Construction Index for the second quarter of 2015 found that nonresidential construction is in vigorous recovery, with $686.9 billion spent in June ....


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This year is supposed to be the year that the U.S. economic recovery kicks into high gear. Of course, last year was, too. So ....


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Coming into 2015, many economists were forecasting above 3 percent growth. Some still are. Tailwinds, such as a booming stock market, lower fuel prices, rapid ....


Marcum Commercial Construction Index Forecasts Improving Second Half in 2015

 

The Marcum Commercial Construction Index forecasts that, despite a disappointing first quarter, the U.S. economy will strengthen in the second quarter and throughout the remainder ....


Construction Employment Indicators All on the Rise, Says Marcum 2014 JOLT Survey Report

 

The Construction Services Practice of Marcum LLP, a top national accounting and advisory firm, today released the results of its second annual analysis of construction ....


The Marcum Commercial Construction Index Featured in Commercial Construction & Renovation Article, "Construction Spending Carries Momentum into 2015."

 

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Article by Robert Mercado, Assurance Services Partner & James Miller, Assurance Services Sr. Manager, "New Revenue Recognition Standards Require Contractors to Think Differently," Featured in Construction Accounting and Taxation

 

After nearly 1,000 comment letter s, with 350 letters from the construction industry alone, the International Accounting Standards Board (IASB) and the Financial Accounting Standards ....


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Article by Joseph Natarelli, National Construction Industry Group Leader, "Fact and Fiction About Corporate Giving," Featured in CONNstruction

 

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Q: What are the most important financial and accounting concerns for contractors who have just begun to experience a heavier workload?


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Contacts

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Joseph Natarelli

Partner-in-Charge
New Haven, CT
Assurance
New Haven, CT
 
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