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

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.

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.

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.

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, and outside buyers.

Advance planning, from entity selection and due diligence to finalizing the deal.

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

Identifying and reclassifying personal property assets to shorten depreciation time for income tax purposes.
Leveraging tax benefit opportunities, such as the federal 179D deduction, the federal R&D tax credit, state-level R&D incentives, and more.

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 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.

SBA 8(a)

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 ongoing 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.

On-Site Quarterly Newsletter

Keeping up with the many challenges and opportunities in the construction industry isn’t easy. That’s where On-Site comes in.

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.

ARB Insights