Who We Serve

Construction

Somerset’s construction team has a solid commitment and real understanding of the construction industry. Our clients include some of the most respected, award-winning firms of all sizes throughout the Midwest and the nation. Our team focuses on providing value. Our expertise is vital in helping construction firms retain key employees, transition to the next generation of leaders, drive operational excellence and develop creative financial and tax-efficient strategies to maximize return.

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.

Ken Hedlund

Principal

Jason Bainter

Senior Manager

Brian Muncy

Senior Manager

Becky Quintana

Principal

Jenny Ray

Principal

Scott Sutton

Senior Manager

Tom Thieme

Principal

Steve Wessel

Principal

Downloadable Resources

The list below contains specialty services offered by our Construction Team. To see a full list of our services, click on the button at the bottom of each of the service categories below.

  • Benchmarking
  • Budgeting and cash flows
  • Business and ESOP valuations
  • Critical Success Factor/KPI development
  • Deferred compensation plans
  • Employee retention strategies
  • Estate plans
  • Government contract:
    • Maximizing pre-qualification certifications and statements
    • Project compliance
    • Competitive strategies for state and federal work
    • Business systems analysis
    • Cost accounting standards and disclosure statements
    • Preparing and defending contract claims
    • Overhead rate computations
    • Indirect rate structuring and assessments
    • Incurred cost submissions
    • DCAA/DCMA audit support
    • P3 (Public-Private Partnership)
  • Heavy equipment consulting:
    • Tracking and costing models
    • Utilization of Machine Hours Depreciation consultation
  • Incentive compensation plans
  • Job capacity analysis (maximizing bonding capacity, working capital and equity)
  • Job cost efficiency and profitability analysis
  • Management and business information systems
  • Mergers and acquisitions
  • Operational efficiency analysis
  • Overhead cost analysis
    • Corporate overhead rate allocation models: dual vs. single rate
    • Project overhead allocation
  • Project manager training
  • Quality of earnings/due diligence reports
  • R&D credits
  • Section 179D energy deductions
  • Section 45L deductions
  • SOP advisory and feasibility
  • State economic growth and capital investment incentives
  • Strategic planning
  • Succession plans
  • Technical staffing solutions

What Our Clients Say

Ready for
a Customized Approach?

Tell us about your needs.