Construction Accounting and Financial Management

You’ve worked hard to build your construction business and that’s why you don’t want just anyone to handle your financial needs. You want someone who can help grow your business and ensure the next generation of ownership is the right fit. At Markowitz, Fenelon & Bank, we provide East End owners and controllers with:

Years of serving the industry have given us an understanding of what you’re up against, from cash flow management to Department of Labor overtime issues. We also collaborate with you and your insurance professionals to ensure you are paying the correct amount of workers compensation insurance.

Click here to find out what our clients say.

Our clients range from large general contractors with management or development interests to plumbers and everything in between. Whether you have multiple entities or just one, we will give you the personalized service you need to take care of yourself and your employees.

Risk Management for Contracts

Even if you have great relationships with your clients, relying on verbal agreements for payment commitments or contractual changes can get you into a compromising situation, resulting in lost profits and can even cost you the relationship with a client. Ensuring that you have the correct contracts, change orders and other contract documentation in place can help minimize your risk, and set your business up for greater success.

We can help you minimize your risk in your daily operations. Take a look at Risk Management 101 for Contracts to read our article about risk management measures that to your construction company.

Diversification or Specialization

The decision to diversify into a new industry niche or specialize is one that requires a thorough analysis of factors such as market demand, competition, growth forecast, and more. Having a complete understanding of how this decision could affect your construction or remodeling firm is important to consider before any action is taken.

You can read about some of the factors that should be thought through in our Perspectives Feature where we dive into this subject of the business strategy in diversifying or specializing the services of your construction or remodeling firm. This article also recently appeared in Commercial Construction & Renovation Magazine. Click here to read.

Our involvement in industry organizations such as the Long Island Builders Institute keeps us informed about the challenges and opportunities facing owners and controllers in construction-related businesses on Long Island’s East End.



Service you deserve. Advice you trust.

 

Bridgehampton Office
269 Butter Lane
PO BOX 853
Bridgehampton, NY 11932
Tel: 631-537-2300
Map and Directions

Riverhead Office
552 East Main Street
Riverhead, NY 11901
Tel: 631-727-3626
Fax: 631-727-6058
Map and Directions