Construction

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry. Our real-world experience is the vital factor that distinguishes our team as experts. CCIFPs have a robust knowledge base that prepares them to be involved in every aspect of your financial and operations management. They have undergone specialized training, which has met nationally accredited standards, and continue to be educated year-round on the latest standards and changes affecting the construction industry. 

Who We Serve

General Contractors

Specialty Subcontractors

Heavy & Highway Construction

Residential Construction

Engineers & Architects

Our Commitment to the Construction Industry

Experience Matters

Brown Edwards Leads the Way in CCIFP Professionals 
Construction has complex revenue recognition rules and job cost accounting methods. Many firms have construction clients, but they have not dedicated the resources necessary to make construction a major practice area. We’re consistently ranked as a Top 50 Construction Accounting Firm and with twelve CCIFP certified professionals, Brown Edwards is among the top ten firms in the country regarding CCIFPs on staff. 

Many of our team members are heavily involved in industry associations such as VTCA, Contractors Association of WV, Associated Builders and Contractors (ABC), Homebuilders Association, AICPA, National Association of Women in Construction, and Association of General Contractors (AGC) of TN, VA, and NC. 

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Top 50 National Construction Accounting Firm
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CCIFPs
on Staff
We selected Brown Edwards because of their industry knowledge and the valuable contributions they bring to our company. Since partnering with Brown Edwards, they have provided practical solutions, going beyond what the books says, that have give us an increased confidence that our actions align with our industry peers. We are delighted with our transition to Brown Edwards and know it is an excellent match!
Jim Burnett CFO WM Jordan
Jim Burnett
Chief Financial Officer, W.M. Jordan
The Top 50 Construction Accounting Firms by Construction Executive Magazine Badge

Construction Executive Magazine Names Brown Edwards a Top 50 Construction Accounting Firm

Construction Executive is considered a leading source for news, market developments, and business issues impacting the construction industry. In the July/August 2024 edition, the magazine released its annual list recognizing the Top 50 Construction Accounting Firms nationally, ranking Brown Edwards #32. In addition to the overall ranking, Brown Edwards tied for #7 for the total number of CCIFPs, with twelve team members carrying this distinction.

Solutions for the Construction Industry

Accounting & Reporting

Accounting & Reporting

  • Accounting guidance
  • Receivables/Payables
  • Leases & equipment analysis
  • Financial statements
  • Project management
  • Gross profit and cost analysis

Risk Management

Risk Management

  • Risk management responsibilities
  • Construction-related insurance
  • Surety

Tax Planning & Strategy

Tax Planning & Strategy

  • R&D Credits
  • 179D Deductions
  • DPAD
  • Sales Tax Assistance

Retirement Plan Administration

Retirement Plan Administration

  • Administration
  • Consulting
  • Asset Management
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Auditing Services

Auditing Services

  • Employee Benefit Plan Audits
  • Federal Acquisition Regulation (FAR) Audits
  • Related Agency Audit Support

Outsourced Accounting & Advisory

Outsourced Accounting & Advisory

  • Fractional CFO
  • Fractional Controller
  • Payer Contracts
  • Payroll & Bookkeeping
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Budgeting & Planning

Budgeting & Planning

  • Strategic planning
  • Strategic cost management
  • Capital budgeting
  • Cash management
  • Benchmarking
  • Succession Planning

Business Valuations

Business Valuations

  • ESOP
  • Business Valuation
  • Buy-sells
  • Insurance needs
  • Merger & Acquisition
  • Litigation Claims Support
  • Loss Damages
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Revenue Recognition

Revenue Recognition

  • Financial reporting
  • Percentage-of-completion accounting method
  • Contract revenues, change orders, and claims
  • Contract costs
  • Accounting for the effects of change in estimates

IT Consulting

IT Consulting

  • Software Selection & Conversion
  • Cybersecurity Evaluation & Forensics
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  • The State of Construction in West Virginia: A Booming Time

    The State of Construction in West Virginia: A Booming Time with Challenges As a CPA specializing in construction accounting, I've had the privilege of witnessing firsthand the ebbs and flows of our industry. Today, I'm excited to share some insights

    read more
  • Craig Daniels Named CFMA Rising Star

    We are excited to announce that Craig Daniels, a Director in our Charleston, WV office, is being honored as a 2024 Rising Star by the Construction Financial Management Association (CFMA).  Craig is the third member of Brown Edwards' construction team

    read more

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  • Digital transformation and innovation
  • Privacy and security
  • Data analytics
  • Performance improvement
  • Best practices in construction
  • Regulatory changes

Construction Symposium

Construction finance and accounting professionals learn new accounting and reporting requirements as well as other relevant topics that impact operations. 

Contact our Construction Team

Construction Practice Leader

Billy R. Robinson, CPA, CCIFP

Billy is a Partner and Practice Leader for the Construction and Real Estate Group.  He is based in the Kingsport office but also practiced in our Harrisonburg and Roanoke markets earlier in his career.  Having served construction and real estate companies his entire career, Billy has gained a broad and extensive knowledge of financial reporting and tax planning in the industry and the strategic and operational issues facing their businesses. He is often a speaker for industry organizations on various topics such as benchmarking, cash flow planning and strategy, fraud prevention, accounting and other matters. Billy also spent a significant portion of his earlier career focused on serving local government clients.

C. Scott Clarke, CPA, CMA, CCIFP, CCA

Partner

C. Scott Clarke, CPA, CMA, CCIFP, CCA

Partner

Carman A. Faison, CPA

Partner

Carman A. Faison, CPA

Partner

David W. Reardon, CPA

Partner

David W. Reardon, CPA

Partner

Mark W. Tuck, CPA

Partner

Mark W. Tuck, CPA

Partner

Timothy A. George, CPA, MST, CCIFP

Partner

Timothy A. George, CPA, MST, CCIFP

Partner

Ready to Build a More Successful Future?

Contact us to learn how we can help you navigate the complex revenue recognition rules
and job cost accounting methods of the construction industry.

Brown Edwards Works With Large Construction Client To Improve Financing

Scenario

A large, Richmond-based contractor had lost a large portion of their bonding capacity and their ability to borrow additional money. Put simply, they had maxed out their credit for bonding and banking. While the company was profitable and had several successful years in a row, they would suffer without additional bonding and access to capital.

BROWN EDWARDS SOLUTION AND GUIDANCE

As a new client to Brown Edwards we first took a look at opportunities to restructure their balance sheets, reviewed their transactions, adjusted books for prior years to improve their current year financial position and improved their overall presentations to help their credibility with banks and bonding companies. Additionally, we worked with our bank and surety partners to develop relationships with the owners.  Finally, after more review, Brown Edwards was able to make special allowable elections on their tax returns in order to save them money on their current year.

RESULTS

Within several months, the contractor was able to improve their bond capacity by $3,000,000 as well as make relationships with new banking partners.  Also, from their tax review Brown Edwards was able to save them from paying over $50,000 in taxes.

Learn More About How We Can Support Your Construction Business

Local Electrical Contractor Needs Help With Employee Retention

Scenario

After assisting a large, local Electrical Contractor in hiring a new President, it was determined that the company needed to do something to stimulate and retain key employees.  After consulting with Brown Edwards, we set up a new, incentive based compensation plan for all eligible employees and create “Success Factors” for each employee level for which the incentives would be based.  The success Factors were special financial goals or achievements that, when met, triggered a special incentive.  All Success Factors were created with input from the employees and meeting the factors were in the employee’s control.  By building the program into the company’s financial statement, the new president could easily see not only the incentives but the effect the incentives had on the company’s success and growth.

RESULTS

The company reports that they have seen not only a significant improvement in employee retention and engagement but also increased profits due to employees efficiency and effectiveness related to their reaching incentives. Our last report indicated the company has improved bottom line efficiencies by over $500,000.

Learn More About How We Can Support Your Construction Business

Brown Edwards Certified Public Accountants

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Construct-ive Conversations

Tune in to the Construct-ive Conversations podcast, hosted by Brown Edwards CPAs. Gain valuable insights on various trends impacting the construction industry in addition to accounting, tax planning, and financial management to help your business thrive in today’s complex landscape.

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Our Construction Accounting Team

Check Out the Latest News from Our Construction Symposium

Construction finance and accounting professionals attend our annual hybrid event on new accounting and reporting requirements as well as other relevant topics that impact operations. 

Meet the Team

Leslie F Roberts, CPA

Partner

Leslie F Roberts, CPA

Partner

Valerie R. Ellis, CPA, CGMA

Partner

Valerie R. Ellis, CPA, CGMA

Partner

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Learn How We Can Support Your Construction Business

Learn How We Can Support Your Construction Business

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