Construction

Navigating the Complexities of a High-Stakes Industry

The construction industry operates on thin margins and high risks. From fluctuating material costs and labor shortages to the nuances of multi-state regulatory environments and seasonality, your financial foundation must be as solid as your projects. Whether you are a general contractor, a specialty subcontractor, or a real estate developer, you need a partner who understands that your accounting needs change with every milestone.

We know the blueprint of the construction industry. You shouldn’t have to spend your time educating your CPA firm on industry-specific terminology or percentage-of-completion accounting. At Calvetti Ferguson, our team is deeply embedded in the sector through leadership roles in organizations such as the CFMA, CICPAC, and the Houston Contractors Association. We provide the technical clarity and proactive oversight necessary to resolve issues before they impact your bonding capacity or bottom line.

Strategic Solutions for Contractors and Developers

We provide a unified platform of services designed to help construction firms professionalize their oversight, maintain impeccable financial order, and prepare for long-term growth or transition.

Audit, Assurance & GAAP Compliance

In an industry where bonding and banking relationships are paramount, your financial statements must be beyond reproach.

• • • Financial Statement Audits & Reviews: Providing the transparency and independent verification required by stakeholders, lenders, and sureties.

    • Revenue Recognition (ASC 606): Navigating the complexities of GAAP compliance for long-term contracts and variable consideration.

    • Lease Accounting (ASC 842): Managing the reporting requirements for equipment and facility leases under modern standards.

    • Internal Control Assessments: Strengthening your financial processes to mitigate the risks of operational leakage or project overruns.

Strategic Tax & Value Recovery

Tax strategy in construction is about more than just filing—it’s about maximizing cash flow to reinvest in your fleet and your people.

• • • Cost Segregation Studies: Accelerating depreciation on real estate assets to realize immediate tax savings and defer liabilities.

    • R&D Tax Credit Studies: Identifying qualifying activities in specialized design and engineering to capture valuable credits.

    • Section 179D Tax Deduction: Maximizing deductions for energy-efficient commercial building improvements.

    • Tax Planning & Compliance: Proactive year-round planning to minimize liabilities for both the entity and its owners.

Advisory & Future-Proofing

Whether you are scaling your footprint or preparing the next generation of leadership, we provide the data-backed insights to move forward.

• • • Succession Planning: Strategizing for the future leadership and ownership transition of your company to protect your legacy.

    • Business Valuations: Determining the true worth of your construction business for mergers, acquisitions, or internal transitions.

    • Transaction Due Diligence: Providing deep-dive financial analysis for buying or selling a construction business.

    • Outsourced Accounting: Delivering reliable, institutional-grade financial management support so you can focus on the field.

A Roadmap for Every Construction Enterprise

We meet you at your current stage of growth and provide the specific level of rigor your projects demand.

• For Family-Owned & Private Contractors: We help you transition from informal reporting to professionalized governance, ensuring your business is healthy for generations.

• For Specialty Subcontractors: We provide the technical depth to manage complex job costing and multi-jurisdictional tax obligations.

• For Developers & Service Organizations: We offer a multidisciplinary approach that connects real estate investment strategy with operational accounting.

Ready to Strengthen Your Financial Foundation?

Don’t let outdated processes or unclear data slow your momentum. Let’s build the financial architecture your business deserves—partner with a firm that understands the intersection of construction operations and enterprise value.

Contact Our Team