No matter what industry you’re in, building the best team possible is one of the first steps to success. This is particularly true in the construction industry. A strong construction company starts with a solid team.
Finding good people for your construction company from top to bottom is no easy task. However, with the proper foundation, you can continue getting stronger for many years.
So, where do you begin when it comes to building home construction companies? First, every person you hire should be trustworthy, dependable, knowledgeable, and skilled in their area of expertise.
These three business partners are invaluable for a construction company and can be the foundation of your company.
Work With a Trustworthy Construction Attorney
Construction companies have a lot of liability to deal with. Not only are their workers at risk every day, but so are the properties they work on.
A reasonable construction attorney will ensure your company is protected and covered so an accident doesn’t bury you. It’s also valuable to have a reliable attorney to help with contracts, disputes, worker’s compensation, and more. They should also be willing to go to litigation, mediation, arbitration, and dispute resolution if needed.
Legal situations can arise anytime, with so many moving parts happening in construction. Taking the time to hire the best attorney possible will only benefit your construction company in the long run.
A Proficient Construction Company CPA Can Keep You Financially Stable
Every company needs an excellent CPA to handle its finances. But the construction industry is so unique that it’s worth considering hiring a CPA with specific construction experience. They must understand tax laws and revenue flow and keep up with industry changes. But a CPA who stands out among the rest will also think about things like:
- What your financial plan should be if you run into liquidated damages
- Understanding what your overhead allocation is on any given project
- Considering offering early completion bonuses to maximize revenue
Some of the top CPAs for construction will be certified as Construction Industry Financial Professionals. Put these people at the top of your hiring list since they are serious about being in the construction industry.
In addition, you want to hire a CPA who can see the big picture for your construction company. Too many professionals focus primarily on important tax implications, but not the only factor.
Hire A Quality Surety Agent
Finding a quality surety agent is one of the most overlooked aspects of building a construction company. They should be able to educate and advise you on your surety credit so you can make the best short-term and long-term decisions.
Your surety agent might even refer you to a top CPA in the construction industry. Having a team of quality advisors is essential for construction companies.
In addition, your surety agent is often the foundation for bringing in top talent to advise and help you manage your company.
You want your company to appear at the top of the search results when people search for “construction companies near me.”
While we are no website experts, Gryphon Consulting is an expert in helping construction companies succeed. Paul Johnson operated two construction companies for 35 years and now shares his expertise with other construction company owners.
His mentorship while running his business was invaluable, and he is now returning the favor. No matter what stage you’re at in building your business, Paul is here to provide expert mentorship. Don’t hesitate to contact us anytime, and Paul will personally follow up to see if you are a good fit to work with him.