By Keiter CPAs
Delivering value to construction business leaders through CICPAC
Construction companies require more than strong accounting and advisory capabilities; they need advisors who understand the industry itself. From navigating economic cycles and managing project risk to maintaining strong financial controls and profitability, construction businesses face complex operational and financial challenges.
To provide the most informed guidance possible, Keiter is a member of the Construction Industry CPAs and Consultants Association (CICPAC). CICPAC members work together to stay ahead of emerging issues affecting contractors, including:
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Industry financial benchmarks and trends
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Compensation and workforce challenges
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Project management and operational best practices
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Risk management and compliance considerations
Keiter’s involvement in CICPAC helps ensure our construction industry team stays connected to a network of professionals who are focused on the same challenges contractors face every day. Through this collaboration, we exchange ideas, share insights, and learn from peers across the country who work with construction companies of all sizes.
Bringing national insights to local construction companies
One of the key benefits of CICPAC membership is access to a wide range of industry benchmarking resources and research studies developed specifically for construction companies.
These resources allow Keiter to bring clients valuable perspectives on topics such as financial performance, compensation trends, and operational best practices. By understanding how companies across the country approach these issues, construction leaders can gain useful context when evaluating their own strategies and performance.
Throughout the year, our team will share relevant construction industry insights from CICPAC resources as well as our own industry specialists.
“Construction is a highly specialized industry, and our clients benefit when we bring both deep experience and broader industry insight to the table. Through our membership in CICPAC, Keiter is able to collaborate with other construction-focused CPA firms across the country, share best practices, and access valuable benchmarking data. That collective knowledge helps us provide our clients with informed perspectives on the financial and operational challenges facing construction companies today.”
Brett Sinsabaugh, Keiter Partner | Construction Industry Team Leader
Learn more.
To learn how industry benchmarking and specialized advisory services can support your construction business, connect with our Construction Industry team. Our professionals help contractors address financial reporting, profitability analysis, tax planning, and operational challenges. Contact your Keiter Opportunity Advisor. | Email | 804.747.0000
Frequently asked questions about CICPAC
What is CICPAC?
The Construction Industry CPAs/Consultants Association (CICPAC) is a national organization made up of CPA firms and consultants who specialize in serving construction companies. Members collaborate to share technical expertise, research, and industry benchmarking data that help contractors improve financial performance and operational decision-making.
Why do construction companies benefit from working with a CICPAC member firm?
Construction companies operate in a highly specialized industry with unique accounting methods, tax considerations, and operational challenges. CPA firms that participate in CICPAC maintain a strong focus on the construction sector and have access to shared knowledge, benchmarking data, and best practices developed specifically for contractors. This industry specialization helps advisors provide more relevant guidance to construction businesses.
How can construction companies use CICPAC industry benchmarking data?
Benchmarking data can help construction companies compare their financial and operational performance with industry peers. By reviewing trends in areas such as compensation, overhead structure, and profitability, contractors can gain perspective on their own strategies and identify opportunities for improvement.
About the Author
The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.