Contractor Restructuring: Evaluation and Implementation

We Help Construction Companies Navigate Financial Uncertainty By Providing Clear Analysis And Recommendations. A Comprehensive Financial And Operational Review Uncovers Inefficiencies Ranging From Unproductive Departments To Material Financial Misstatements And Fraud. This Clarity Enables Management, Owners And Stakeholders To Make Informed Business Decisions.

Going Concern Matters
Bankruptcy Related
Surety & Funding Compliance
Litigation Risk
Growth Management

Examples Of Our Construction Industry Work:

-Reorganization, Financial: Site Work, Wet Utilities

General Contractor, Owner Engaged: Controller Services
Structured WIP, GAAP Close Outs, Admin Workflow: Treasury Ops, Cash Flow, AR & AP Schedules, Forecast Models
Reorganized Offices: Confidentiality/Work Flow Efficiency: Admin/HR, Estimators/PMs, Implemented Dept & Safety SOPs
Discovered a Number of Material Prior Year Banking/Reconciliations and Customer/Vendor Account Irregularities
Expanded Project Management: +300% “Approved” Change Orders, +20% Invoicing, +90% CO Billing, Procore PM Software Utilization
Established Estimating SOP & KPIs: Weekly, Monthly, Annual Volume Goals: Sector/Type/Owner/Distance to Achieve $25M WIP
Brought AR Current, SOPs: Invoicing/Schedule Of Values/Retainage, NTOs, Lien Waivers, AIA G702,703/SOV, Textura/Progress Billing
Reduced GL Insurance Coverage: Immediately Eliminated Idle/Inop/Scrap Equipment & Vehicles Debt/GL/Tag Expenses
Generated ~$300K Cash From Idle Asset Sales: Road Tractor, Curb Machine, Loader, 2 Trailers, MiniX, Salvage Track Hoe & Dozer
Restructured QB Enterprise, GAAP General Ledger, AJE/Closings, POs, Job Costing/Cost Codes, Work Flow & KPIs
Brought AP Current: Repaired Relationships with Lenders, Vendors, Suppliers & Subcontractors, Reduced Admin Headcount
Litigation Risk Analysis: Pending Contract, HR/GL/WC Claim(s), OSHA & Covenant Matters With Outside Counsel
Developed/Implemented: Organizational Roles, Field Reporting Structure, Mobilization, Scheduling/Utilization KPIs
Established Bank & Credit Card Quickbooks Enterprise Feeds Through Local Server Firewall & Local Disaster/QB Backup SOP

-Reorganization, Post Bankruptcy: DOT Multi State Cold Milling/Planing, Vertical, Wet Utilities

DBE General Contractor, Owner Engaged: Controller Services
Restructured Three Existing Entities: 1120s, 1065, Schedule C: QB/General Ledger, BS Asset/Depreciation, Job Costing, Certified Payroll, Close Outs KPI Reporting
Reduced Expenses $1.8 Million in 6 Months, Shuttered Unprofitable Vertical Building and Underground Utility Divisions & Sold Idle Assets
Structured & Prepared New 1120s Corp Equipment Leasing, Real Estate Business Property Rental & Related Inter/Intra Company Transactions
Eliminated Poorly Structured Asset Leases & Restructured Vendor Payment Schedules
Reorganized DOT Mill Estimating: Project Type, Location, $ Volume with Min: Day Rate, Mobilizations & Contract Verbiage
Transformed Loss Lead Mobilizations into a Profit Center Generating Additional $6-8K Revenue w/$10K+ Weekly High
Classified: Assets, Estimate Revenue Types & Employees For Field PM/ERP System Migration & Implementation
Audited GL Coverage: Removed Idle/Scrap, Added Cash Purchase & Uncovered Assets
Calculated Actual Equipment & Asset Hourly Costs Necessary For Job Costing KPIs and Estimating
Maximized Mill Utilization KPIs with Strict Contract Enforcement: Daily Operation Hours, Walk Distances and Depths, +10% Weekly Billing
Created & Implemented Milling Change Orders, Efficient Scheduling SOP: 20-30 Weekly Heavy Haul Mobilizations for 6-8 Wirtgen Mills
Implemented PM ERP Software with Predictive Equipment & Fleet Maintenance Scheduling: Reduced Downtime, Fuel Costs & Rentals -25%
Increased Milling Infrastructure Project Invoicing +30%, Implemented 3 Years, +5% Annual Escalation Contract Oversight

-Reorganization, Pre-Bankruptcy: Windows, Doors, Roofing & Exterior Services

Residential Contractor: Owner Engaged: Controller Services
Negotiated Vendor/Supplier Debt Repayment Schedules Allowing for Weekly Window Shipments to Resume, Eliminated “Discount” Pricing
Restructured Quickbooks Contractor Edition: GL, Cost Codes, Completed: Reconciliations, Close Outs and Financials to Prepare Tax Filings
Print Media Analysis: Rebrand, Reallocated Spending, added Sales Reps and increased Close Rates & Sales +30%
Weekly 50-200 Window Shipment Financing, QB/File Project Set Up, Subcontractor WC Compliance & Treasury Management
Managed Media Performance KPIs, Sales: Appointment Scheduling, Result Reporting and Follow Up Close Attempts

–Growth Management: Grading, Underground Utilities, Trucking, Soil Stabilization

Implemented Cloud Based PM,Equipment/Fleet Repairs & Mobilizations ERP & Bid2Win Data Migration at $50M
Managed Admin Staff: Added: 1-AP@~$25M, 1-Payroll/HR@~$50M, Headcount 15-145, Revenue $10-$50+ Million
Implemented PM-ERP/QB Cost/Asset Codes, Customers/Project Setup, New Assets, Disposals, GL Insurance Coverage, WIP, Profitability
Responsible for HR/Weekly ADP Payroll (145) and (25+) Certified Payroll, Onboarding- DecisionMaker/QB New:Project/Asset Set Up
Mobile Device Tracking: Cell Phones, IPads, Laptops, Mobile “Heavy Haul Permit” Printers-Replacements, Assignment, Recovery
Daily Field Production Reporting for 25+ Crews Located in Several States on 15-20 Projects, Asset Maintenance & Location,
Created Idle Equipment Notifications, Reducing Equipment Rentals Expenses & Flagged Idle Rentals To Be Returned
Structured Yard Management SOPs: 10K Gal Yard On/Off Fuel Deliveries, Lube Truck, Maintenance/Repair Priorities Yard, Field and Emergencies
Developed Employee: Handbook, Substance Abuse & Safety Policies, Maintained OSHA Certifications & Compliance
Responsible for Multiple State DOT Licensing, Registration, Compliance, Classified Employees For WC And WC Audit Responsibility
Maintained Fleet(50+)/Equipment(150+) Asset Management, Mobilization, Repairs & Predictive Maintenance Scheduling PM/ERP System
Increased Trucking, Equipment Up-Time KPIs: Telematics Reduce Idling -30% and Eliminated Unreported Equipment Damage

For Construction Controller Services, Click Here!

For GAAP Bookkeeping Services, Click Here!

Please Call 855-844-4351 With Any Questions And Schedule A Free Consultation Today!