Construction

Construction

We build solid business relationships. Our construction group consists of the finest experts in the construction industry. Combining our extensive knowledge, active involvement in industry organizations and years of experience, we obtain a true understanding of the key issues that may affect your business. We provide comprehensive financial solutions by utilizing our industry expertise to develop unique strategies and tailored solutions just for you.

Somerset is a member of the Construction Accounting Network (CAN). CAN is a nationwide association of independent certified public accounting and advisory firms focused on serving the construction industry in a collaborative manner.

INDUSTRY CONSULTING

  • Performance measurement and incentive compensation plans
  • Strategies to maximize bonding capacity, working capital and equity
  • Business physical: 3M assessment to measure, manage and monitor your business
  • Corporate overhead rate allocation models: dual vs. single-rate and project overhead allocation
  • Project manager impact on profitability training
  • Budgeting/cash flow projections/benchmarking

HEAVY EQUIPMENT CONSULTING

  • Heavy equipment tracking and costing models

GOVERNMENT CONTRACT SERVICES

  • State and Federal project compliance and competitive strategies
  • Business systems and internal controls
  • Cost accounting standards and disclosures statements
  • Preparing and defending contract claims
  • Rate computations
  • Cost Accounting Standards Board (CASB) disclosure statement preparation
  • Indirect rate structuring and assessments and incurred cost submissions
  • Federal Acquisition Regulation (FAR) compliance and strategies to maximize rate
  • Defense Contract Audit Agency (DCAA)/Defense Contract Management Agency (DCMA) audit support
  • Consultation related to 3P, private/public partnership arrangements

Somerset has launched their 2016 Indiana Construction Industry Financial Performance and Salary & Benefits Survey. This unique, industry-specific survey provides valuable information about the financial standing of the Indiana construction community, outlining salaries and benefits by position, balance sheets, statements of operations and other information as provided by participating general and trade contractors. The survey will provide specific details as to the current state of the construction economy and help contractors understand the local market for competitive compensation information. Deadline to complete is September 1st, 2016.

CLICK HERE TO PARTICIPATE

Resources:

Video:

Performance Management

Succession Planning

179 D

R&D

 

Interested in contacting someone in our construction group? Connect here.