Construction & A/E

The foundation of our Construction & A/E Team is our strong expertise and experience in the construction, architectural and engineering industries.

Somerset Financial Power Tools for Contractors

The recent economic crunch is forcing us to take a deeper look into ways of surviving this downturn in hopes of thriving in the future. As part of our dedication and commitment to the industry, we have created unique, one-of-a-kind Financial Power Tools to assist you with saving money in this tough market.

Our Contractor-Specific “Tool Box” is designed to uncover opportunities to help your business survive today and thrive tomorrow. Somerset’s Contractor-Specific Tool Box includes:

• Surviving the Economic Downturn and Retooling for the Recovery
• Contractor-Specific System of Performance Measurement and Incentive
• Cash Flow Projection Models for Contractors (Balance Sheet, Income Statement, Statement of Cash Flows, Backlog, Pipeline, Integrated)
• Proactive Right Sizing, Cost Management, Plans Under Various Revenue, Margin, Profit and Cash Flow Assumptions
• Increase Productivity and Efficiency for a Higher Profit and Increased Cash Flow
• How to Clean Up Your Balance Sheet and Maximize Equity and Working Capital
• Ratio, Trend and Value Benchmarking
• 3M Assessment: Measure, Manage and Monitor Your Business
• 30-60-90-120 Day Cash Flow Risk Management in an Unstable Market
• Unique, Out-of-the-Box Contractor Management Reports
  • ROI, Ratios, Project Cash Flow, Overhead
  • Use with Timberline, MAS 90, Forefront, Crystal Reports
• Corporate Overhead Rate Allocation Models: Dual vs. Single Rate and Project Overhead Allocation
• High Quality, Competitively Priced Compliance Work Designed to Boost Profit
• Proactive Tax Strategies
• Customer Product Profitability Analysis: Know Your Next Profitable Customer/Industry Segments (Product and Service Line to Leverage Future Growth and Profits)
• Business Transition and Succession Planning
• Employee Benefit Trust Set Up for Use with Prevailing Wage Projects
• Project Manager Impact on Profitability Training
• Budgeting/Cash Flow/Benchmarking (Integrated)
• Construction Expertise Recognized by Sureties and Lenders