Helping heavy/highway contractors thrive in a competitive environment on razor-thin margins
If you are like many heavy/highway construction contractors, you are very good at your craft and managing projects. But a myriad of challenges can sometimes get in the way of managing your day-to-day financial issues. However, you know the details are important when facing fierce competition and razor-thin margins.
Plante Moran has a team of auditors, tax specialists, and consultants who specialize in serving the needs of heavy/highway contractors to help with the details and position your company for growth and increased profitability.
We know the issues you face with finding and winning work in this competitive environment. We understand your need to maximize profitability on each and every project, manage costs effectively, and minimize business risks. We know you need to effectively plan and execute every day to survive and thrive in this tough business. You can depend on us to help you work through these challenges.
Best practices: analyze performance and financial management
You can also depend on Plante Moran management consultants to help you introduce best practices — helping you prosper even in these tough economic times. We can help you focus on measuring financial performance and adjusting your operations so both are in line.
Because cash is a critical component of your company’s stability, you can turn to us to set up cash flow reporting. Having the right reporting system that gives you actionable information on your individual jobs as well as the company is necessary for you to make good decisions.
On the operations side, our construction consultants can help you set up systems to monitor productivity.We can help with development and implementation of estimating models as well as purchasing, inventory management, and project tracking systems.
Minimizing taxes; maximizing cash flow
Because every business decision can have tax consequences, you will appreciate the Plante Moran tax experts who specialize in the heavy construction sector. We can help you look at the different depreciation methods, tax accounting methods, and other tax deferral techniques to help you minimize your tax obligations and maximize the cash you keep, helping you grow your business. Our state and local tax experts can do a comprehensive review of various tax challenges you face in this increasingly burdensome tax area.Our menu of services for heavy/highway contractors includes:
- Development and implementation of equipment management, equipment costing, maintenance and estimating models
- Implementation of purchasing, inventory management, and project management systems
- Information technology planning, selection, and implementation
- Development and implementation of field data collection systems
- Implementation of dispatching systems and telematics
- Process re-engineering
- Performance management
- Operations improvement
- Strategic business planning
- Financial statement audits
- Tax planning and compliance