Construction Firms
Construction CPA Financial Reviews for Contractors
CPA-reviewed financial statements built around WIP, job costing, and the realities of construction accounting.
Schedule a CallOverview
Construction Financial Reviews for Contractors
Construction firms have reporting needs that generalist accountants rarely handle well. We deliver CPA-reviewed financial statements grounded in work-in-progress schedules, percentage-of-completion revenue recognition, and job-level margin analysis — so your numbers hold up for sureties, lenders, and ownership decisions.
Triggers
When Contractors Need a Financial Review
Bonding and surety requirements for larger projects
Bank financing, lines of credit, or lender covenant reviews
Ownership changes, buy-ins, or succession planning
Pursuing larger contracts that demand reviewed statements
Scope
What We Review
Baseline Financial Statement Reconciliation (General P&L & Balance Sheet Verification)
Job Costing Integrity & Cost-to-Complete Estimates
Work-in-Progress (WIP) & Percentage-of-Completion Revenue Recognition
Billings, Backlog, and Balance Sheet Adjustments
Indirect Costs, Overhead Allocation, and Project Gross Margin Analysis
Cash Cycle, Retention, and Capital Structure Management
Financial Reviews Built for Construction Firms
What You Get
CPA-reviewed financial statements that lenders and sureties trust
Stronger credibility for bonding capacity and financing
A clear view of margins and backlog across active jobs
Confidence that your reporting holds up to outside scrutiny
Case Study
Reviewed statements for bonding capacity
An anonymized example of a construction financial review engagement.
Construction · CPA Financial Review
Bonding-ready financials for a growing contractor
WIP
schedules & percentage-of-completion reviewed
Surety
bonding- & lender-ready statements
$15k
review engagement fee
Challenge
A contractor pursuing larger projects needed CPA-reviewed financial statements that sureties and lenders would trust — built around work-in-progress, percentage-of-completion revenue, and job-level margins, not generalist accounting.
What we did
We ran analytical procedures and management inquiries to substantiate the financials, reviewed WIP schedules, percentage-of-completion revenue recognition, job costing, and under/over-billings, and identified documentation gaps before they became issues.
Outcome
CPA-reviewed financial statements ready for bonding and financing, stronger credibility for surety capacity, and a clear view of margins and backlog across active jobs.
CPA Financial Review Engagement
Construction-Focused Review Process
Step One
Scope & planning
We align on the engagement, your reporting needs, and the surety or lender requirements driving the review.
Step Two
Construction-focused review
We analyze WIP, revenue recognition, job costing, and overhead allocation against industry standards.
Step Three
Reviewed statements delivered
You receive CPA-reviewed financial statements ready for bonding, financing, and ownership decisions.
Pricing
What a Construction Financial Review Costs
CPA Financial Review
$8,000 – $18,000 / review
Pricing depends on your company size and balance-sheet complexity. We'll confirm the exact scope and fee on a call.
Scope & planning aligned to your surety or lender requirements
Construction-focused review of WIP, revenue recognition, and job costing
CPA-reviewed statements delivered, ready for bonding and financing
Built for Contractors
Who We Serve Best
Contractors with at least $3M in earnings.
General contractors
Civil contractors
Subcontractors with at least $3M in earnings
The Difference
Why Sunbridge Advisory
Construction-specific expertise in WIP and percentage-of-completion
CPA oversight built into every engagement
Clear communication and a documented review process
FAQ
Frequently Asked Questions
A review is a CPA engagement that provides limited assurance on your financial statements. For contractors, it focuses on WIP schedules, percentage-of-completion revenue, and job costing so the statements are credible to sureties and lenders.
Reviews are most commonly required for bonding and surety capacity, bank financing, ownership changes, and pursuing larger contracts that demand reviewed statements.
Most construction financial reviews run between $8,000 and $18,000, depending on your company size and balance-sheet complexity. We will confirm the exact scope and fee for your situation on a call.
A review provides limited assurance and is less extensive (and less costly) than an audit, which provides reasonable assurance. Many sureties and lenders accept a review for contractors at this stage.
Yes. Percentage-of-completion, WIP, under/over-billings, and job-level margin analysis are central to how we review construction financials.
Get In Touch
Ready to take control of your finances?
Contact Sunbridge Advisory to schedule a free consultation and take control of your finances.
