Two Keiter Construction Specialists Published by Construction Business Owner
Posted on 06.03.15
Authors: Matt McDonald, CPA/CFF, CFE and Brett Sinsabaugh, CPA
Matt and Brett discuss the importance of surety bonds in the construction industry and the necessity of precise financial statements for effective bonding.
"Surety bonds are arguably one of the most important aspects of a construction business. Without these bonds, contractors are unable to make bids, secure new business or continue work on projects. While the construction companies know the value surety bonds have, they often make broad guesses regarding assurance, which could negatively impact them financially."
Read the full article, "Precise financial statements are the key to effective bonding."
For more information regarding financial statement preparation, presentations, and supplementary schedules, please contact a Business Assurance and Advisory member of the Keiter Real Estate and Construction Industry team. firstname.lastname@example.org | 804.747.0000
Matt has more than 18 years in public accounting providing audit, tax, and consulting services for HUD financed housing, VHDA financed housing and construction, not-for-profit organizations, construction, retail, and manufacturing clients. Matt provides insights and opportunities to a variety of businesses, including multi-state privately held businesses and companies with single location operations. He is a member of Keiter’s construction and manufacturing industry teams. Read more of Matt's accounting insights here.
Brett’s client focus is primarily in the real estate and construction industry. Brett is a member of the Firm’s Real Estate and Construction industry team. Brett received his Bachelor of Arts from Christopher Newport University and received his post baccalaureate certificate in Accounting from Virginia Commonwealth University. Read more of Brett’s accounting insights here.