Construction & Engineering

CPAs and advisors for contractors, subcontractors and construction-related businesses 

Boyer & Ritter helps general contractors, specialty subcontractors, builders, developers and other construction-related businesses strengthen financial reporting, manage tax strategy, improve cash flow and plan for growth. Our Construction Practice Group works with owners, CFOs and controllers who need more than year-end compliance. They need advisors who understand how construction companies make money, protect margins and earn confidence from banks, sureties and project stakeholders. 

Construction companies operate in a high-pressure financial environment. Work-in-progress schedules, retainage, change orders, job costing, equipment decisions, bonding capacity and tax planning all affect profitability. Our team brings practical construction accounting, tax and advisory experience to those issues so you can make better decisions with clearer information.

Who We Serve 

• General contractors
• Specialty subcontractors and trade contractors 
• Construction managers 

• Heavy/highway and infrastructure contractors 

• Commercial and residential builders 

• Real estate developers and property owners 

• Design-build firms 

• Construction-related professional service firms, including select engineering and architecture firms 
• Electrical contractors
• Mechanical contractors
• Plumbing contractors
• Excavation contractors

Why Contractors Choose Boyer & Ritter 

• Construction-focused experience: We serve contractors, builders and developers that deal with complex project accounting, changing backlogs, labor pressures, equipment costs and shifting tax rules. Our team understands WIP schedules, percentage-of-completion accounting, retainage, job costing and the financial reporting needs that matter in construction. 

• Credibility with banks and sureties: Contractors need financial statements that lenders and bonding companies can rely on. We prepare audits, reviews and compilations with the accuracy, timing and construction-specific detail that support financing, bonding capacity and growth conversations. 

• Integrated tax, assurance and advisory support: Our team connects accounting, tax planning and business advisory guidance so owners receive coordinated advice instead of disconnected recommendations. We help clients evaluate tax methods, cash flow, entity structure, equipment decisions, succession planning and strategic opportunities with the full financial picture in mind. 

• Recognized Construction Accounting Expertise: As a member of CICPAC, a nationwide association of CPA firms specializing in construction accounting, we have access to leading practices, benchmarking and technical resources that help us serve contractors more effectively.
• Regional relationships with national resources: Boyer & Ritter brings deep Pennsylvania and Mid-Atlantic construction market experience, along with access to broader technical resources through our independent membership in the BDO Alliance USA. 

• Long-term client relationships: Many construction clients stay with us for decades because they value responsive service, direct communication and advisors who understand their business beyond the numbers. 

Construction Accounting, Tax and Advisory Services 

Our services support contractors at every stage of the business cycle, from financial statement preparation and tax planning to cash flow management, ownership transition and growth strategy. 

• Accounting and assurance: Audits, reviews and compiled financial statements for contractors, subcontractors and developers, including support for WIP schedules, bonding requirements, lender reporting and management decision-making. 

• Tax planning and compliance: Year-round tax planning and preparation for construction businesses and their owners, including guidance on accounting methods, depreciation strategies, entity structure, multi-state considerations and construction-related incentives. 

• Job costing and financial management: Practical support to improve job costing, cash flow forecasting, budgeting, margin analysis, internal controls and financial visibility across projects. 

• Bonding and banking support: Guidance that helps contractors present clear, accurate financial information to sureties, banks and other financial partners. 

• Business advisory and strategic planning: Support for succession planning, ownership transitions, business valuation, mergers and acquisitions, growth planning, risk management and operational improvement. 

• Outsourced CFO and controller support: Financial leadership and reporting support for construction businesses that need stronger insight without adding a full-time executive role. 

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Federal Acquisition Regulations

Federal Acquisition Regulation (FAR) Compliance Services for Architecture and Engineering Firms

Architecture and engineering (A&E) firms that perform work for state departments of transportation (DOTs) and federally funded projects must comply with the Federal Acquisition Regulation (FAR), including FAR Part 31 cost principles.

FAR compliance is essential for firms seeking to pursue and maintain government contracts. The regulations establish standards for determining the allowability, allocability, and reasonableness of costs used in calculating indirect cost rates and overhead rates. These rates are often subject to review by state transportation agencies and may impact contract eligibility and reimbursement.

Boyer & Ritter assists architecture and engineering firms with FAR compliance, overhead rate calculations, and annual FAR audits to help support bidding opportunities and regulatory requirements.

What Is FAR Part 31?

FAR Part 31 provides guidance on allowable costs for federally funded contracts and serves as the framework for calculating indirect cost rates and overhead rates used in government contracting.

For A&E firms, compliance with FAR Part 31 helps demonstrate that reported costs are properly supported, consistently applied, and aligned with federal requirements. Many state DOTs require FAR-compliant overhead schedules and independent audits as part of the qualification process for engineering and design contracts.

Our FAR Compliance Services

FAR Overhead Schedule Preparation: We assist firms with the preparation and review of FAR-compliant overhead schedules, helping ensure costs are properly classified and documented in accordance with applicable regulations.

FAR Audits and Internal Control Reviews: Our team performs annual FAR audits and evaluates internal controls related to cost accumulation and overhead rate calculations. We also provide practical recommendations to strengthen processes and address potential compliance risks.

FAR Readiness Assessments: For firms preparing for their first FAR audit or seeking to improve existing processes, we provide FAR readiness reviews that evaluate policies, procedures, and internal controls. These assessments help identify gaps and support ongoing compliance efforts.

Experience Serving Mid-Atlantic Firms

Boyer & Ritter has experience working with architecture and engineering firms that contract with state departments of transportation throughout the Mid-Atlantic region, including Pennsylvania, Maryland, Delaware, and Virginia. Our professionals understand the regulatory expectations surrounding FAR compliance and provide practical guidance to help firms navigate the audit and reporting process.