Construction and Real Estate

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 and the boom days, so we can provide savvy and sensible advice through it all.

How We Do It

ARB is a full service certified public accounting and business consulting firm with a team of professionals who specialize in providing quality and timely services to construction and real estate companies. We are able to identify problems and offer savvy solutions to help improve the efficiency and profitability of your operations through our suite of construction focused services:

Business Tax Services
Audits, Reviews & Compilations
Funds Control & Escrow

Providing compliance services and advanced tax strategies unique to the construction industry.

Preparing class leading financial statements for sureties and banks.

Helping businesses evaluate ESOPs.

Delivering custom funds and escrow services through New England Funds Control, LLC.

Maximizing Bonding or Borrowing Capacity
Project Cost and Overhead Analysis
Budgeting & Cash Flow Analysis
Construction Claims Preparation/Evaluation

Our services help contractors expand their bonding capacity and banking lines of credit.

Designing job costing and estimating systems, and calculating overhead costs to maximize profitability and reduce risk.

Strong cash management planning can improve a company’s liquidity, reduce costs, and increase profitability.

Identify damages and evaluate claims.

Profitability Analysis & Benchmarking
Operational Reviews
Information Systems Consulting & Implementation
Succession & Ownership Planning

Comparing company performance to the industry averages to identify opportunities to improve financial performance.

Evaluate and design financial systems to maximize operating efficiencies.

Software system evaluation and system selection.

Preparing a successful business transition to employees, heirs, outside buyers.

Mergers & Acquisitions Advisory Services
Forecasts and Projections
Cost Segregation
Federal & State Tax Credits, Incentives & Deductions

Industry research, transaction structuring,negotiations, financial analysis, valuation, and tax strategies..

Forecasting and projections are a necessity when trying to effectively manage a company’s business plan and lead a business to profitability.

Developers can receive tremendous tax benefits from accelerated depreciation deductions and easier write-offs when an asset becomes obsolete, broken or destroyed.

Research & development credits, work opportunity credits, 20% Qualified Business Income Deduction, energy tax credits, and tax deferral methods of accounting.

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 a myriad of topics playing major roles in the construction and real estate world like the legalization of Marijuana and the impact of the opioid crisis, the challenges of recruiting and HR, technology, and succession planning and exit planning.

Revenue Recognition and Lease Accounting: Construction contractors and real estate developers must evaluate the impact of the financial reporting rules that go into effect in 2019 and 2020.

Tax Reform Impacts Real Estate and Construction: There are many TCJA tax provisions that specifically impact construction contractors and real estate developers. Knowing about the law’s big ticket items and provisions can help you can take advantage of the new rules.

Construction and Real Estate Services Advisory Team Leaders

David Jean, CPA, CCIFP, CExp

Construction and Real Estate Practice Leader

David’s primary focus is on financial accounting and consulting for construction and real estate development companies. David’s commitment to staying on top of industry issues and trends is reflected in his board of directors service for the Associated Builders and Contractors of Maine and his Certified Construction Industry Financial Professional (CCIFP) designation in August, 2005.  David also serves on the CPA Advisory Council of the National Association of Surety Bond Producers.