Construction CPA Financial Reviews for Contractors

Construction Financial Reviews for Contractors

Construction firms often reach a point where basic tax returns and internal financial statements are no longer enough.

Your bonding company, bank, lender, or project partner may ask for CPA-reviewed financial statements before increasing your bonding capacity, extending credit, or approving larger contracts.

Sunbridge Advisors provides financial review engagements for construction companies that need credible, CPA-reviewed financial statements without the cost and complexity of a full audit.

When Contractors Need a Financial Review

A financial review may be required when your construction company is:

Applying for or increasing bonding capacity
Renewing a bank line of credit
Pursuing larger commercial or public projects
Preparing for lender, investor, or ownership review
Growing beyond informal financial reporting
Needing reviewed financial statements under SSARS standards

For many contractors, reviewed financial statements become the bridge between internally prepared books and a full financial statement audit.

What We Review

Our financial review engagements are designed for construction companies with project-based revenue, retainage, job costs, WIP schedules, and lender or bonding requirements.

We review:

Balance sheet and income statement presentation
Revenue recognition and job-cost reporting
Work-in-progress schedules
Accounts receivable, retainage, and contract assets
Debt, equipment loans, and lease obligations
Equity, distributions, and related-party activity
Financial statement disclosures required for review engagements

The goal is simple: produce financial statements that are clear, supportable, and useful to the third parties relying on them.

Financial Reviews Built for Construction Firms

Construction accounting is different from standard small business accounting.

Bonding companies and lenders do not just want to know whether the business made money. They want to understand backlog, working capital, job profitability, leverage, and whether the company can safely take on more work.

Sunbridge Advisors helps construction firms present financial statements that reflect the realities of the business.

What You Get

CPA Financial Review Engagement

Reviewed financial statements prepared under professional standards for contractors that need third-party credibility.

Construction-Focused Review Process

A review process that considers WIP, retainage, job costing, project revenue, debt, and working capital.

Bonding and Lender Support

Financial statements designed to support conversations with sureties, banks, lenders, and project partners.

Who We Serve Best

We work best with construction firms that:

Generate $1M to $20M+ in annual revenue
Need reviewed financial statements for bonding or lending
Have multiple active jobs or long-term contracts
Use QuickBooks, Procore, or similar systems
Need better financial presentation but are not ready for a full audit
Want a CPA firm that understands contractor financial reporting

Why Sunbridge Advisors

Sunbridge Advisors is a CPA firm serving project-based businesses, including construction, architecture, and engineering firms. We have ongoing relationships with surety brokers and underwriters and deeply understand the reporting requirements for contractors who need bonding.

Our work sits at the intersection of accounting, tax and financial review. We help contractors move beyond informal books into financial statements that lenders, sureties, and owners can rely on.

If your firm is growing, seeking more bonding capacity, or preparing for larger projects, a CPA financial review can help make your numbers more credible.

Frequently Asked Questions

A financial review is a CPA engagement that provides limited assurance on a company’s financial statements. It is less extensive than an audit but more formal than a compilation or internally prepared report.
Many construction firms are asked for reviewed financial statements when applying for bonding, increasing bonding limits, or pursuing larger projects. Requirements vary by surety, project size, and financial profile.
No. A review provides limited assurance, while an audit provides a higher level of assurance and involves more detailed testing. Many contractors use financial reviews before they reach the size or requirement level for a full audit.
Common issues include WIP reporting, retainage, job costing, revenue recognition, accounts receivable, debt, equipment financing, and working capital.
Yes. Sunbridge Advisory is based in San Antonio and serves construction firms in Texas and other states.

Ready to take control of your finances?

Contact Sunbridge Advisory to schedule a free consultation and take control of your Finances!