Construction Industry Service Group
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Are you achieving growth without a corresponding increase in profitability?
Growth often comes at the expense of profits, which shrink and/or evaporate as you add more projects and expand their scope. Clearly, this is unacceptable. That's why our services are designed to help you achieve the best of both worlds, growth plus profitability.
Sax Macy Fromm's Construction Industry Service Group understands the dynamics and special challenges of the construction industry. For more than 45 years we have been serving contractors, giving us the experience and expertise needed to help you maximize your growth and earnings potential.
Specialized services for this industry include:
Bonding advisory services: For many contractors, bonding is a critical prerequisite for bidding on jobs. Recognizing this, we will help you to:
- Develop financial presentations designed to enhance your image with surety companies.
- Develop the internal reporting systems that are important to sureties.
- Work with the surety company to assure adequate credit on an ongoing basis.
Technology: Increasing competition, pressure to cut costs, and stricter regulations have likely increased the demand and accessibility of timely information required to manage your business. The proper use of technology can help you to control costs while increasing efficiencies, productivity, and cash flow. With your objectives always in mind, we will conduct a technology assessment and guide you through maximizing your investment in technology whether it requires better utilization of your current system or the selection and implementation of a new system. Used properly, technology can help you to win more jobs, stay on schedule, and maximize the profitability of every project.
Cost accounting analysis: The objective is being able to track direct costs on current projects, compare them to your budget, and determine ongoing profitability. This information will help you make mid-course adjustments designed to protect your bottom line. Then, drawing from our depth of knowledge about the construction industry, we can benchmark your performance against industry leaders.
Tax planning: We will identify and implement the most tax-effective accounting methods and other tax strategies to minimize tax liability.
Business Financing: Whether you need equity capital to grow your business, bank loans for working capital, or surety credit, you will value our experience and our contacts.
Industry Affiliations:
- Construction Financial Management Association (CFMA): Board of Directors
- American Subcontractors Association (ASA)
- Utility and Transportation Contractors Association (UTCA)
- Construction Industry CPA's/Consultants Association (CICPAC)
For more information on SMF's Construction Industry Service Group, contact Robert Paz.
