Construction and Real Estate
ARB’s construction and real estate advisory services team works with many contractors and developers throughout Maine and New England to meet the tax, compliance, bonding and operational challenges unique to your industry with confidence. With decades of experience working with construction companies and real estate developers, we’ve seen the days when it takes grit and determination to keep moving forward, so we can provide savvy and sensible advice through it all.
How We Do It
Minority and Disadvantaged Small Business Program Services
ARB assists small businesses owned by socially and economically disadvantaged people or entities through the Small Business Administration (SBA) 8(a) Business Development Program, and to assist small businesses owned by service-disabled veterans through the SBA’s Service-Disabled Veteran-Owned Small Business (SDVOSB) Program.
Our firm actively provides services for businesses falling under these programs. We help these businesses navigate the complexities of federal contracting, including overhead rate analysis, compliance matters and financial statement reporting requirements.
Funds Control and Escrow Services
We help facilitate the surety to provide bonding by independently matching contract receivables with corresponding contract payables on a project-by-project basis. Typically, construction funds are deposited from the lender or owner directly into our trust account. Funds are then disbursed to the various project vendors, suppliers and contractors.
We make it easier for you to get your project built with funds control and escrow services provided through New England Funds Control, LLC (NEFC), a wholly owned subsidiary of ARB. Our specialized services to the construction industry give contractors and property owners confidence that they can count on timely funds disbursement as well as comprehensive lien release services.
How We're Helping Our Construction and Real Estate Clients
Industry Trends: There are myriad topics playing major roles in the construction and real estate world. We are advising clients through the challenges associated with the legalization of Marijuana, the impact of the opioid crisis, supply chain disruptions, labor shortages, risk management, HR, technology, and succession planning and exit planning.
Revenue Recognition and Lease Accounting: We help contractors and real estate developers evaluate the impact of new and evolving financial reporting rules, such as the new standards for revenue recognition and leases. We can help you prepare, meet implementation deadlines, and maintain on-going compliance.
Tax Reform Impacts Real Estate and Construction: The TCJA brought about many tax provisions that specifically impact construction contractors and real estate developers. Knowing about the law’s big ticket items and provisions and what more recent legislation has changed can help you take advantage of available tax benefits.
Risk Management: We help contractors stay on top of risks associated with everything from contracts receivable, accounts payable, and billing to loan balances, bank lines of credit, bonding requirements, and more.
Construction and Real Estate Services Advisory Team Leaders
David V. Jean, CPA, CCIFP, CExP | Principal
Construction and Real Estate Services Practice Leader
Since joining ARB in 1992, David has been actively involved in the construction industry as a member of the Associated Federal Contractors of Maine, Associated Builders and Contractors of Maine and New Hampshire, Construction Financial Management Association, Manufacturers’ Association of Maine, as well as the American Institute of the Certified Public Accountants. He was awarded the Certified Construction Industry Financial Professional (CCIFP) designation in August, 2005.