Construction

The very difficult conditions facing the construction industry in recent years may be improving; however, the combination of fierce competition, rising building costs and bonding issues continue to cause price pressures affecting faster recovery. We are, however, very confident in a construction and real estate recovery in the near future. A recent US Census Bureau report puts construction at $851.6 billion seasonally adjusted annual rate with Private Construction leading the way at $580.5 billion and Public Construction at $271.0 billion annual rate.

Construction is Your Business! Helping You Build a Solid Business Foundation is Ours!

We work with a variety of general contractors specializing in commercial, governmental, not- for-profit, and industrial construction services; we also work with subcontractors and specialty trade contractors and suppliers. Mendonca and Partners’ Construction practice understands the specific issues you face on ever-changing tax and reporting regulations, volatile surety and banking markets, employment issues, rising costs, and merciless competition. In an unpredictable industry, success can depend on quick management decisions and accurate predictions of future trends. You need advisors who are attentive, proactive and can understand business and technical issues.

A unique aspect of our service to the construction industry is our industry specific expertise. Additionally, as members of the BDO Alliance USA, a nationwide team of independent accounting and consulting professionals with diverse and deep construction experience, we are able to provide the knowledge and resources of a nationwide association of construction industry specialists to help you overcome these challenges with a strategic approach, services tailored to your needs and individual attention.

Beyond traditional audit, tax and consulting work, some of the specific ways we can help construction companies include:

  • Job cost efficiency and profitability analysis
  • Claims preparation, analysis, consulting
  • Federal acquisition regulations (FARS) audits - contract compliance
  • Maximizing bonding and credit capabilities
  • Overhead analysis (corporate overhead rate allocation models – dual vs. single rate – and
  • Project overhead allocation)
  • Project manager training – project manager impact on financial reporting
  • Benchmarking and analytical review


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