The success rate for a competitive industry such as construction is less than 40%. Construction companies do not have a lot of room for error. Job profitability, unapplied contract related costs, general and administrative expenses, financing-related expenses and investment income are just a few of the responsibilities your company oversees financially.
Optima’s expert staff will make sure your business needs don’t slip through the cracks. Our highly trained staff specializes in your industry’s demands with our outsourced accounting, finance, and HR staff as well as fractional controllers and CFOs. We cultivate and manage construction-related businesses such as contractors, subcontractors, developers, vendors, and other construction-related trades so we know about the challenges construction companies face. Save time and money, and let our professionals take care of your finances.
In comparison to other industries, such as retail or manufacturing, construction contracting has several distinct needs from an accounting perspective. Whether it’s billing, production or labor issues, contractors operate their businesses primarily on a project basis with decentralized production and long-term contracts.
Accounting services include:
Construction companies have one way to control costs and bid intelligently. That method is to track accurate costs for each project, as well as the types of expenses and production activities that make up job costs. Our expert personnel understands the different strategies needed to run your type of business and they have experience in your industry. Optima has handpicked the most qualified and experienced leaders in the construction industry – let us take it from here.
Business strategies and Human Resource management are intertwined which makes your outsourced HR team an invaluable part of your company. Don’t let your organization’s lack of resources keep you from hiring the best employees or following the proper employment guidelines or laws. Optima’s experienced HR team can help you mitigate these risks and set you up for success.
Without a knowledgeable HR team, you are putting your business at risk for litigation and loss of key employees.
A CFO will go above and beyond a controller’s duties. When you need to improve your bottomeline and save yourself time, let Optima’s fractional CFOs assist you.