Construction Insights

Build a stronger foundation for success with insights on project financing, risk management, and industry trends. CBIZ explores strategies to help construction firms improve profitability, manage costs, and navigate market shifts.

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Article

The 2025 Construction Outlook
Article
February 01, 2023
Construction Adapts to New Lease Accounting Standards and Balance Sheets
  • Construction
  • Advisory
February 01, 2023
Construction Adapts to New Lease Accounting Standards and Balance Sheets

Construction companies need to be aware of how the new lease standards will affect their financials in order to strategize on how to mitigate the impact.

  • Construction
  • Advisory
Article
August 31, 2022
Why Job Costing is Essential for Construction Companies
  • Construction
August 31, 2022
Why Job Costing is Essential for Construction Companies

As a construction company grows, job costing becomes critical to its success.

  • Construction
Article
March 30, 2022
NYS Pass-Through Entity Tax and Considerations for Construction Firms
  • Construction
  • Tax
March 30, 2022
NYS Pass-Through Entity Tax and Considerations for Construction Firms

At face value, the NY PTET seems like a great tax savings technique for contractors with operations in New York.

  • Construction
  • Tax
Article
December 06, 2021
Year-End Tax Planning for Contractors
  • Construction
  • Tax
December 06, 2021
Year-End Tax Planning for Contractors

Construction contractors have exceptional tools available to them to reduce or defer taxable income.

  • Construction
  • Tax
Article
October 06, 2021
Leveraging Prevailing Wages to Benefit Workers and Executives
  • Construction
  • Audit & Attest
October 06, 2021
Leveraging Prevailing Wages to Benefit Workers and Executives

CBIZ has worked with construction companies to provide many executives with a pension contribution plan that can significantly increase benefits.

  • Construction
  • Audit & Attest
Article
October 04, 2021
Cost Inflation: Construction Costs and the COVID-19 Pandemic
  • Construction
  • Audit & Attest
October 04, 2021
Cost Inflation: Construction Costs and the COVID-19 Pandemic

It is important for contractors to evaluate the existing costs and the possibility of a cost increase when bidding for a project.

  • Construction
  • Audit & Attest
Article
July 01, 2021
Understanding the Lumber Shortage: What is it? Why Did it Happen? Where Does it Stand Now?
  • Construction
  • Audit & Attest
July 01, 2021
Understanding the Lumber Shortage: What is it? Why Did it Happen? Where Does it Stand Now?

As the world has started to reach a turning point in regard to the pandemic, lumber yards have started to increase production, capacity and supply.

  • Construction
  • Audit & Attest
Article
March 02, 2021
JOLTS Analysis – Despite Pandemic Induced Job Losses, Labor Market Tightness Persists
  • Construction
  • Advisory
March 02, 2021
JOLTS Analysis – Despite Pandemic Induced Job Losses, Labor Market Tightness Persists

The 2020 CBIZ JOLTS Analysis of construction employment trends reports that the industry is beginning to experience labor market tightness as it begins to recover from the recession caused by COVID-19.

  • Construction
  • Advisory
Article
January 04, 2021
A Flight to Quality: Proper Financial Statements are the Key to Surety Bonding in Any Market
  • Construction
  • Advisory
January 04, 2021
A Flight to Quality: Proper Financial Statements are the Key to Surety Bonding in Any Market

As the surety bonding market continues to tighten, many contractors are feeling the effects in their programs.

  • Construction
  • Advisory
Article
August 28, 2020
Indirect Job Costs: Performing Accurate Project Cost Analysis
  • Construction
  • Advisory
August 28, 2020
Indirect Job Costs: Performing Accurate Project Cost Analysis

Accurate budget forecasts are crucial to guaranteeing long-term success for construction companies of all sizes. Without a well-established budget, construction projects can fail and lead to cash shortages.

  • Construction
  • Advisory
Article
July 06, 2020
Protecting Against Subcontractor Default
  • Construction
  • Tax
July 06, 2020
Protecting Against Subcontractor Default

CBIZ describes SDI and surety bonds, two tools contractors can use to protect themselves against subcontractor default.

  • Construction
  • Tax
Article
December 19, 2019
The “New” Tax Law: Construction Contractor Edition
  • Construction
  • Tax
December 19, 2019
The “New” Tax Law: Construction Contractor Edition

After the Tax Cuts and Jobs Act (TCJA) was signed in 2017, accounting professionals inched forward without much clarity. Proposed regulations and IRS guidance slowly trickled in, in a manner similar to constructing a building.

  • Construction
  • Tax

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