Construction

Business Solutions for the Construction Industry

Construction accounting has many unique aspects that require an expert.

Being successful these days takes more than being a good contractor in your marketplace. Having the right entity established, bank support, and understanding your numbers are all necessary to maximize your operation’s effectiveness in today’s competitive environment.

Cash flow, job costing, overhead allocation, bidding procedures, bonding issues, compliance, and more, all affect your bottom line. With years of expertise gained from assisting construction companies, contractors, subcontractors, architects and engineers, DHAG professionals know the challenges of your business and provide solid and innovative solutions.

With an established client base in the construction sector, our team of professionals provides tax, accounting and construction-specific business services that allow you to focus on what really matters to you – your business.

Services Offered start your planning

DHAG has served Vermont’s construction industry for more than three decades – from residential and non-residential builders to engineers and specialty trade contractors.

Construction Services Offered

Whether you are starting, expanding or planning to sell your business because you are nearing retirement, we can assist you:

For the “start-up” or established construction business owner

Bookkeeping through Convergent Accounting
Entity selection
Cash Flow Forecast & Projections
Benchmarking & financial ratios
Internal controls evaluation and recommendations
Operational reviews and recommendations
Retirement plan consulting through *Copper Leaf Financial
Personal financial planning through *Copper Leaf Financial
Succession/exit planning
Business valuations

For the construction business owner considering retirement and exit planning

Bookkeeping through Convergent Accounting
Entity selection
Cash Flow Forecast & Projections
Benchmarking & financial ratios
Internal controls evaluation and recommendations
Operational reviews and recommendations
Retirement plan consulting through *Copper Leaf Financial
Personal financial planning through *Copper Leaf Financial
Succession/exit planning
Business valuations

Having the right information to understand your business’ performance is crucial.

Is the review of these key performance indicators (KPIs) and business-critical reports part of your routine?

Profitability: labor costs, productivity, cost, and profit predictability
Balance sheets: determine liquidity
Cash flow reports: promote timely billing/collections
Margin variance: compare gross margins to objectives
Schedule variance: determine if you are behind or ahead of schedule
Cost variance: determine if you are over or under budget
Bid development: pending, completed, active prospects, probability of work
Productivity: Actual versus available working days
Safety: reportable incidents
Client satisfaction: defects detected, repeat customers
Monitoring the appropriate KPIs for your business and developing benchmarks will help you keep track of your financial viability, cash flow and production efficiency just to name a few.

Through Convergent Accounting, DHAG’s client accounting branch, we can automate these reports into a manageable format and show you how to effectively analyze your business in just a matter of minutes each month.

The result?

You’ll have more time to focus on your business and where you want to take it.

*Copper Leaf Financial is an affiliated and separately registered entity.