We know the daily realities of construction firms, having worked side by side through these challenges for decades.
Cash flow volatility and payment delays
Project-driven businesses live and die by timing. When payments lag, payroll still does not. Managing WIP, draw schedules, and cash flow forecasting is a constant discipline, not a once-a-year exercise.
Job costing and WIP accuracy
Lenders and bonding companies read your WIP reports closely. Inaccurate job costing does not just affect your financials. It affects your bonding capacity, your bank relationships, and your ability to bid the next job.
Rising insurance, bonding, and risk exposure
Insurance and bonding premiums keep climbing. Jury verdicts, rising liability, and tightening surety markets mean risk management is no longer just an operational issue. It is a financial strategy.
Tax exposure across complex contractor structures
Multi-entity ownership, equipment purchases, subcontractor payments, multi-state operations, and revenue recognition rules that differ from standard accounting all create a tax burden that general tax advisors often underestimate. Proactive tax planning is what separates contractors who protect their margins from those who leave money on the table year after year.
Labor shortages and workforce pressure
Across union and non-union shops alike, the industry needs hundreds of thousands more skilled workers. Crews are stretched, schedules slip, and the cost of turnover compounds. The financial and HR planning behind workforce stability matters more than ever.
Succession and legacy transition
Many construction firms in NJ and PA are family-owned. Passing the business to the next generation, while preserving family harmony, bonding continuity, and leadership stability, is among the most complex things a contractor will ever navigate. And most wait too long to start.
Construction-specific expertise — from the job site to the boardroom
hfco brings deep construction accounting knowledge and a full suite of advisory services to every engagement.
Advising construction firms in NJ, PA, DE
Multi-Generational
Client relationships in construction
CFMA
Construction Financial Management Association member
BIA
Building Industry Association of Philadelphia member
What it looks like when a construction firm grows with the right advisor behind them.
Trusted by contractors. Proven in the field.
“When we sat down with three different firms, the question was: what's your experience in construction? hfco eclipsed everybody. That's how they made us feel very comfortable."
Joe McColgan — Partner,
Wescott Electric Company
“What sets hfco apart is the depth of the people that work there. They do so much now above and beyond what I would think an accounting firm would do.”
Toby Chrostowski — President
Jottan Commercial Roofing
“!I don't see my involvement with accounting or consulting as transactional — I see it as partnering. It really is a good group. It really is a sincere group. And I think that's important.”
Mike Rosen — Chairman
Advisory Board, Commercial Cleaning Corp
What construction firms ask us most.
Does hfco specialize in construction accounting?
Can you help with WIP reporting and job costing?
Do you work with family-owned construction businesses?
Can you help with bonding and banking relationships?
Where does hfco serve construction clients?
Is an initial consultation free?
Our insights on construction
Your construction advisors
Let's talk construction
Whether you’re looking for stronger financial reporting, a succession plan that actually works, or an advisor who understands construction the way you do — the conversation starts here.