Construction and Real Estate
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 is 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 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.