If you are like most contractors, you are very good at your craft. 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.
So where can you turn for help with the details and positioning your company for growth and increased profitability? Plante Moran has a team of auditors, tax specialists, and operations consultants who specialize in serving the needs of contractors, many of them in heavy/highway construction.
We know the issues you face 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 in these challenging times.
Whether it is helping you maximize your prequalification for bidding on state projects, maximize your bonding capacity, or improve your project management processes, our construction team can assist you in taking on these challenges.
Best practices: operational analysis and financial management
You can depend on Plante Moran management consultants to help you introduce best practices — the ones that are helping contractors prosper even in these difficult 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 data on your individual jobs as well as the company is necessary for you to make the good decisions.
On the operations improvement side, our consultants specializing in construction can help you set up systems to monitor and improve 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 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.
Plante Moran experts bring a proactive approach to every project, creating solutions that fit your company’s specific needs.