Construction
Construction CPA and Advisory Services
The construction industry is a critical segment of our economy’s infrastructure and workforce, yet it is often inundated with challenges. Issues such as the rising cost of materials, shrinking profit margins, skilled labor shortages, project delays, OSHA compliance, contract health, and other financial concerns often leave contractors puzzled as to the best course of action for continued success.
With more than 80 years of experience serving the unique needs of the construction industry, you can be confident that KSM has seen and addressed all types of industry challenges. We’ve helped grow numerous construction companies from start-up to success and can help you meet your business objectives by providing sound tax, assurance, accounting, consulting, and strategic planning advice.
With team members who have completed the rigorous requirements to qualify as CCIFPs (Certified Construction Industry Financial Professionals), our specialists speak the language of contractors and understand unique taxation, bonding, and financing concerns. Additionally, KSM is consistently named a Top 50 Construction Accounting Firm in the country by Construction Executive (CE) magazine.
Who We Serve
Our in-depth knowledge and cross-functional internal firm resources serve the complete spectrum of our construction clients’ accounting, tax, and consulting needs.
- General Contractors
- Specialty Trade Contractors
- Heavy Highway and Civil Contractors
- Developers
- Home Builders
- Material and Equipment Suppliers
Turning Construction Industry Challenges Into Strategic Growth Opportunities
KSM offers a customized array of construction accounting, tax and advisory services designed to help construction companies strengthen performance, manage risk, and plan for long-term growth.
KSM can assist with quantifying and understanding current and past financial performance to help lead your construction company to continued financial improvement.
Our assurance teams understand the industry and needs of contractors and provide accurate, reliable, and trusted financial reports. These services focus on assurance and financial matters, benchmarking, cash flow and WIP job cost analysis, compensation analysis, and process and internal control reviews.
Construction companies face complex and ever-changing tax considerations, from long-term contracts and multistate operations to entity structuring and succession planning. KSM’s business tax professionals develop proactive tax strategies that support cash flow, manage risk, and align with your broader business goals, while ensuring compliance at every level. Learn more about tax services.
Cost segregation can be a powerful tool for construction companies and owners looking to accelerate depreciation, improve cash flow, and reinvest in growth. Our team helps identify qualifying assets, quantify tax benefits, and integrate cost segregation studies into broader tax and capital planning strategies without disrupting ongoing operations. Explore cost segregation services.
Many construction companies overlook valuable R&D tax credits tied to innovation in materials, processes, project design, and problem-solving. KSM helps identify qualifying activities, document claims, and maximize available credits, turning everyday innovation into meaningful tax savings that can support future projects and workforce investments. Learn more about R&D tax credit services.
For many construction company owners, an ESOP can be an effective strategy for ownership transition, employee engagement, and long-term business continuity. Our team evaluates whether an ESOP aligns with your strategic, financial, and cultural goals, guiding you through feasibility analysis, transaction structuring, valuation considerations, and ongoing compliance to support a smooth and sustainable transition. Explore ESOP services.
As construction companies grow, finance and accounting demands often outpace internal resources. KSM’s outsourced finance and accounting services provide construction leaders with scalable support – from day-to-day accounting and reporting to CFO-level insight – helping improve visibility into job costs, cash flow, and performance while freeing internal teams to focus on operations and growth. Learn more about outsourced finance and accounting services.
Technology plays a critical role in improving job costing accuracy, project visibility, cybersecurity, and operational efficiency across construction organizations. KSM’s IT consulting professionals help construction leaders evaluate, implement, and optimize technology solutions aligning systems, data, and security with the realities of today’s job sites and back-office demands. Learn more about information technology services.
Whether you are preparing for growth, acquisition, or transition, construction-focused transaction advisory support is essential. KSM helps navigate mergers, acquisitions, and divestitures with financial diligence, quality of earnings analysis, and deal structuring insights so you can move forward with clarity and confidence. Explore transaction advisory services.
Accurate business valuation is critical for construction companies planning ownership transitions, strategic transactions, shareholder matters, or financial reporting. KSM’s valuation specialists bring deep construction industry insight to deliver well-supported, defensible valuations that reflect the realities of project-based operations, backlog, and market conditions. Learn more about valuation services.
Beyond core accounting, tax, and advisory services, construction companies face complex operational and risk considerations that require industry-specific insight. KSM helps contractors proactively manage these realities so they can stay focused on performance, compliance, and growth.
- Contractual and compliance audits
- Multistate contractor pre-qualification requirements and regulatory compliance
- Analysis and optimization of insurance coverage
- Claims analysis and dispute resolution support
- Equipment maintenance and utilization programs
- Ongoing coordination with bonding agents, sureties, banks, and other financial institutions
Building on Our Construction Industry Relationships
Members of KSM’s Construction Services Group participate in – and hold leadership roles within – key industry organizations including Construction Financial Management Association (CFMA), Building Contractors Association (BCA), and Associated General Contractors (AGC). Our firm’s affiliation with the Construction Industry CPAs/Consultants Association (CICPAC) network also allows us to collaborate with construction-focused professionals nationwide, enhancing the depth of insight, benchmarking, and perspective we bring to our construction clients.
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Where Ownership
Meets Opportunity
At KSM, you’re more than an employee, you’re a firm owner.
When evaluating strategic transactions such as selling the business, raising capital, or pursuing acquisitions, experienced guidance can make a meaningful difference. KSM’s investment banking professionals help construction owners navigate complex transactions and position their companies for successful outcomes. Learn more about our investment banking services.