Construction & Contracting

At Buckno Lisicky & Company, we understand the complexities of the construction and contracting industry. Managing job costs, ensuring compliance with industry regulations, and optimizing financial performance are critical for success. Our experienced team provides specialized accounting and consulting services designed to help contractors and construction businesses maintain financial stability and grow with confidence.

Our Services Include:

Comprehensive Cost Accounting Systems

Accurate cost accounting is essential for project profitability. We help structure and implement cost accounting systems tailored to your business, including:

• Percentage-of-Completion & Completed Contract Accounting: Ensuring revenue recognition aligns with project progress.
• Job Cost Review Systems: Providing insights into project costs and profitability.
• Indirect Cost Allocations: Accurately distributing overhead and indirect costs to individual projects.
• Job Gain/Fade Analysis: Identifying cost overruns and profit fluctuations early to enhance financial planning.

Billing Methods Expertise

Efficient billing processes are crucial for maintaining cash flow. Our team provides guidance on various billing methods, including:

• Back Charges: Managing costs related to contract changes and unexpected expenses.
• Unit Price & Cost-Plus Contracts: Structuring contracts that align with your business model and project requirements.
• Percentage-of-Completion & Completed Contract Accounting: Ensuring compliance and accuracy in revenue recognition.

Financial Analysis & Compliance

We offer expert auditing and financial analysis services to ensure accuracy, compliance, and strategic financial planning, including:

• Auditing & Financial Reporting Analysis: Providing detailed financial reporting to support business decisions.
• Financing & Bonding Applications: Assisting with loan applications and bonding requirements for project funding.
• Prevailing Wage & Davis-Bacon Act Compliance: Ensuring payroll compliance with federal and state regulations.

Equipment Acquisition & Tax Strategies

Optimizing tax strategies and making smart financial decisions are essential in the construction industry. Our services include:

• Lease/Buy Decisions: Analyzing financing options to maximize ROI on equipment acquisitions.
• Strategic Cost Methods for Tax Purposes: Evaluating cost methods to minimize tax liabilities and improve cash flow.
• Cost Segregation Services: Identifying tax-saving opportunities through accelerated depreciation of assets.

Why Choose Buckno Lisicky & Company?

With decades of experience serving the construction and contracting industry, Buckno Lisicky & Company provides tailored financial solutions to help businesses manage costs, improve profitability, and stay compliant with industry regulations.

• Industry Expertise: We understand the financial and operational challenges unique to construction and contracting businesses.
• Customized Solutions: Our services are tailored to meet the specific needs of contractors, subcontractors, and construction firms of all sizes.
• Proactive Financial Guidance: We help you stay ahead of financial challenges and identify growth opportunities.

Contact Us Today

Let Buckno Lisicky & Company be your trusted financial partner. Contact us today to learn how our construction accounting services can help your business succeed.