Construction

building blocks for your success
Strategic advisory services for ownership and management

With the economy accelerating, construction companies are bidding and working on more projects. Bid lists are shorter, but margins remain thin, which makes strategic thinking on operational improvement and risk management essential.

You want advisors who can help you plan and build lasting value, to meet your business and retirement goals.

Heavy industry experience

DHG Construction works extensively with general contractors, specialty contractors, heavy/highway contractors, developers and owners, architects and engineers. We understand the complex tax and accounting requirements of firms with substantial investments in people and equipment.

We provide technical competence, sound advice and innovative thinking with the following services:

  • Strategic Planning
  • Tax Planning
  • Assurance
  • Transaction Advisory

DHG Construction customizes these services for your individual ownership and management requirements. We live and breathe the data of today’s marketplace, so we understand measurement-driven continuous improvement and how it reads in your P&L and balance sheet.

Our insights into your data guide our strategic thinking. We use your accounting, financial reporting and operational metrics to benchmark your current position, and assist with strategic imperatives and options for the future.

Services

DHG Construction delivers assurance, tax and advisory resources through your relationship partner, providing accountability, continuity and responsiveness. This partner leads your engagement teams, coordinating the work of multiple partners and specific technical skills and resources.

We begin client engagement with high-level boots on the ground, for a better understanding of the business. All of your DHG partners can be involved in your planning process, to mitigate risk and align your business, tax and strategic objectives.

Over time, we demonstrate to you that we see your assurance, tax and advisory engagements as part of an ongoing relationship, instead of a once-a-year office visit.

Assurance

Your reputation and relationships with developers, sureties and general contractors (if you are a subcontractor) depend on the accuracy and completeness of your estimating, bidding and proposal processes. Likewise, your reputation and relationships with sureties, lenders and joint venture partners depend, in part, on the accuracy, completeness and timeliness of your accounting and financial reporting.

DHG’s risk-based approach helps us to understand your business, including strategies and processes, to assess the key risk areas that threaten the accuracy of your financial statements and progress toward your business objectives. We provide objective evaluations on the quality of your in-house reporting systems and financial statements, delivering high-value intelligence for your management team and business partners.

Our assurance services include:

  • Accounting/Costing System Design/Review
  • Accounting and Internal Controls
  • Audits, Reviews & Compilations
  • Revenue Recognition Issues

Tax

DHG’s tax work starts with strategic planning. We want to help you and your business take full advantage of applicable benefits, along with the reduction or deferment of tax liability where possible. We offer extensive experience with industry-specific tax credits, including energy-efficient construction, set-aside credits, and production deductions.

We focus on opportunities to maximize tax savings, involving DHG tax professionals with the right experience at the right time. These professionals specialize in various fields, including state and local tax, tax accounting method changes, entity structuring, and other strategies to minimize personal and business tax exposure.

Our tax and accounting services include:

  • 45L tax credit for energy-efficient housing
  • Corporate, personal and estate tax planning
  • Cost Segregation Studies
  • Domestic Production Deduction Optimization
  • Estate Tax Planning
  • Multi State Operation/Taxation
  • R&D Tax Credit Studies

When you work with DHG Construction, you benefit not only from our experience with a wide variety of contractors, but the firm’s collective tax resources too. We monitor state and federal legislative and regulatory activity, to inform our recommendations on minimizing your corporate and personal tax liability.

Advisory Services

You need advisory professionals who understand your business and how you work with other companies in the industry. We work with general contractors, trade and specialty contractors, owners and developers, architects and engineers.

We can support your continuous improvement strategies, help you assess ROI on your investments in training and technology, and work with you on business and succession planning. DHG transaction advisory professionals can provide counsel on mergers and acquisitions or divestiture, working in tandem with our estate and gift planning professionals.

Our advisory services include:

  • Benchmarking
  • Best Practices Review
  • Bonding, Insurance & Licensing Consultation
  • Budgets, Forecasts & Projections
  • Business Continuation Planning
  • Contract Claims Consulting
  • Cost System/Estimating Alignment
  • Executive & Management Incentive Compensation Planning
  • ERP & Software System Review and Implementation

Experience

DHG Construction professionals work with all of the industry players:
  • General contractors
  • Sub/specialty contractors
  • Heavy/highway contractors
  • Industrial contractors
  • Home builders
  • Architects & engineers
  • Closely-held businesses
  • Private equity groups

DHG's industry team includes Certified Construction Industry Financial Professionals (CCIFP), a designation granted by the Institute of Construction Industry Financial Professionals, Inc. CCIFP credentials reflect industry-specific exposure to job costing and reporting, costing system design and implementation, bonding, insurance, contract law, finance, and safety.

We also benefit from the presence of former construction company CFOs in our practice. They have the experience and perspective that comes from being on the contractor side of the business, to support management of short-term results for long-term success.

Our professional certifications include:
  • Certified Construction Industry Financial Professionals (CCIFP)
  • Certified Professional Contracts Managers (CPCM)
  • Certified Management Accountants
  • General Contractors License Holder
We stay on top of industry issues

In addition to membership in the American Institute of CPAs (AICPA) and state societies of CPAs, DHG Construction professionals are active in the following trade associations:

  • American Subcontractors Association
  • Associated Builders and Contractors
  • Associated General Contractors
  • Construction Financial Management Association
  • Construction Professionals Network
  • National Association of Women in Construction
  • Washington Building Congress

Active involvement helps us stay current with best practices, emerging industry trends and legislative and regulatory activity on the horizon.

Knowledge Share

Top Considerations for Allocating Indirect Costs
Publication | Mar 18, 2020
More About | Construction | Assurance | Performance & Growth

Appropriately managing indirect costs can be complex, yet it is essential in the construction industry, since cost allocation is key to understanding the true cost of any project. Cost allocation, when done appropriately, also provides insight to the profitability of individual projects. However, construction companies and contractors may find it challenging to determine optimum indirect cost allocations confidently and consistently. The following are some considerations and best practices for contractors regarding indirect costs and their allocation methodology, which can improve the financial foundation of their projects.

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Section 179D – How Designers of Government-Owned Buildings Can Receive Benefits
Publication | Mar 04, 2020
More About | Construction | Real Estate | Tax | Real Estate Tax | Risk & Regulatory

Tax incentives for buildings are typically associated with a taxpayer and the actual owner of the building, but federal tax incentives actually allow designers of government-owned buildings the ability to allocate and transfer a tax deduction to their tax return. The incentive is tied to a special tax incentive outlined in Section 179D of the tax code regarding energy efficient buildings.

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45L Tax Credit – Congress Reinstates Tax Credit for Energy Efficient Homes
Alert | Feb 03, 2020
More About | Construction | Energy | Tax | Risk & Regulatory

On Dec. 20, 2019, the Omnibus Appropriations Bill H.R. 1865 was signed into law. This legislation extended the New Energy Efficient Home Tax Credit under Code Section 45L through the end of 2020. The Code Section 45L credit is the applicable amount for each qualified new energy efficient home that is constructed by an eligible contractor and acquired by a person from the eligible contractor for use as a residence during the tax year.

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DHG | tv

Section 45L Tax Credit

Section 179D Tax Deduction

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