Business

Focus on Financial Protections Before the Economy Slows Down

The economy will inevitably begin to slow, given historical patterns. It is best practice for contractors to prepare for this eventuality and determine what actions can be taken now to secure the company for continued success.
By Robert Mercado and Christopher Sisk
October 30, 2019
Topics
Business
by Robert Mercado

Robert Mercado, CPA, CCIFP, is based in Marcum’s New Haven, Conn. Office, where he specializes in conducting, reviewing and analyzing financial information for construction contractors, manufacturers and service corporations. Marcum LLP’s Construction Services group provides audit, consulting, and taxation services to clients ranging from start-ups to multi-billion-dollar enterprises. Marcum LLP's Construction Services group provides audit, consulting, and taxation services to clients ranging from start-ups to multi-billion-dollar enterprises and publishes the annual Marcum National Construction Survey, the quarterly Marcum Commercial Construction Index, the Marcum PAS Contractor Compensation Quarterly, and the annual Marcum JOLT Survey Analysis of construction employment trends--and presents an ongoing series of industry summits and technical webinars focused on the unique needs of construction contractors.

 

by Christopher Sisk

Christopher Sisk, CPA, is an Assurance Services senior manager in Marcum LLP’s Nashville, Tennessee, office. His clients include construction companies, manufacturers, and employee benefit plans. Sisk works closely with contractors engaged in grading, utility, highway, bridge construction, electrical and railroad construction. One of the leading construction accounting firms in the U.S., Marcum LLP's Construction Services group provides audit, consulting, and taxation services to clients ranging from start-ups to multi-billion-dollar enterprises. Marcum’s construction group  publishes several definitive industry resources, including the annual Marcum National Construction Survey, the quarterly Marcum Commercial Construction Index, the Marcum PAS Contractor Compensation Quarterly, and the annual Marcum JOLT Survey Analysis of construction employment trends--and presents an ongoing series of industry summits and technical webinars focused on the unique needs of construction contractors.

Related stories

Business
Construction Futures: August 2025 Economic Roundup Cover Art

Construction Futures: August 2025 Economic Roundup

By Construction Executive
Spending, hiring and overall momentum are down across the construction industry for August 2025.
Business
Building Supply Distributors: Taking Control of Jobsite Delivery in Uncertain Times Cover Art

Building Supply Distributors: Taking Control of Jobsite Delivery in Uncertain Times

By Cyndi Brandt
The cost of materials is up. Along with that increase comes increased complications with delivering those materials to the jobsite.
Business
Is AI Still Missing From Your Construction Company's Toolbox? Cover Art

Is AI Still Missing From Your Construction Company's Toolbox?

By Mike Caralis
Research shows AI is getting smarter everyday, yet some construction companies are still hesitant to adopt it.

Follow us




Subscribe to Our Newsletter

Stay in the know with the latest industry news, technology and our weekly features. Get early access to any CE events and webinars.