Our Partners have become the trusted advisers to a broad range of clients within construction, including those in:
- commercial construction
- residential construction
- civil construction
- Property developers
- property professionals (including architects, engineers and property managers)
Construction in New Zealand has seen huge growth in the past two decades. Commercial construction remains strong, with large pipelines of ongoing work, and infrastructure will continue to be a key focus for the government for an extended period of time. Residential construction, however, is experiencing challenges, yet there is still a housing shortage. With the sector relying on alternative means of financing, it's important to seek guidance from someone who understands these trends and knows where to move next.
We offer the full range of business advisory services, including accounting, tax, advisory, corporate finance and insolvency services, and we tailor our services to meet the needs of the varying cycles of activity and profitability that the industry goes through. Our years of experience and knowledge in construction means we'll guide you through these issues with the nuances and peculiarities of the sector in mind. In particular, we focus on:
- strategic advice
- risk management
- succession planning and exit planning
- setting up appropriate managing accounting and reporting systems
- advice on IT and technological innovation
- financial and cashflow forecasting and management
Our specialist knowledge means that, for many, BDO is the main port of call for the industry advice they need. For example, one of the construction industry's main software providers had worked with a broad range of accountants in the past, but found that only BDO had the in-depth sector knowledge required to truly be able to help.
Similarly, after helping one of our clients to sell their construction business, we ended up being appointed by the business' new purchaser as their accountant because of our industry expertise. We helped the purchaser to set up an employee share scheme and gave them a broad range of strategic and risk management advice.
Tailored business advisory services
No matter what aspect of real estate and construction you deal with, BDO can help. This isn't just an everyday accounting and advisory service. We can't stress enough that we offer tailored solutions, with an in-depth knowledge of all industry areas. Accounting and advisory services are at their most useful when the people offering them understand your business and the space you operate in. Our Partners have that understanding, and will use it to help you thrive. If you're interested in using our real estate and construction business advisory services, please contact us today.
What our clients think...
Aspec Construction, led by Dale De Penning, Steve Morris and Ian Doyle has been operating in the mid tier commercial construction arena since 1986.
Aspec is involved in commercial construction, interior fit outs and property maintenance and they specialize in the industrial, commercial and institutional markets.
Aspec’s success is built upon their hassle-free approach to project delivery - “a successful project delivery is based upon transparency, partnership and innovation” says Director, Steve Morris, “and we saw similar values and goals in BDO when we first worked with them back in 2002.”
“BDO has helped us overcome many challenges, from negotiation of commercial terms with the banks to company succession planning”.
BDO works with various construction related companies and this allows us to give advice based on a good cross section of the industry.
“With their expert advice and assistance we managed a seamless transition in 2005 and subsequently brought in additional shareholders in preparation for the future succession of the business”, says Steve.
One of the core aims of Aspec is to build long-term relationships with key partners in the construction industry by conducting business with integrity and in an equitable manner and supporting good family values. BDO live by this ethos also.
“James MacQueen and his team are not only professional and proactive but also extremely personable. We have developed a strong working relationship but also a personal one. James and the team are there supporting us, brick by brick.”
Steve Morris, Director, Aspec Construction
New Zealand Strong is a commercial builder specialising in complex projects across all commercial sectors. We target Government, local Government, NZX corporate projects, listed property companies, vertical infrastructure i.e. rail, bus, & Airport, bridges, accommodation projects for end users i.e. age care sector, HNZ and councils. We have forged a reputation in complex live-site projects.
We have strategically positioned our company to handle challenges particularly in today’s buoyant market, focusing on service rather than volume turnover. We operate 8 teams only which ensures we deliver a high level of service to each project and allows us to minimise the markets supply chain delivery risks. Throughout all of this, BDO have been by our side. We have been working with BDO for over 7 years now.
What we really value about our relationship with BDO is the specialist construction industry knowledge that James and the team provide to us and they are always on hand with expert advice. With BDO’s help we have positioned New Zealand Strong balance sheet to handle the current and future market conditions, the new CCA Retentions Act, tighter bank covenants and providing strength to the business from a financial perspective and a shareholder perspective. BDO also assisted put in place shareholding arrangements to attract and retain key members of the management team. BDO’s experience and expertise has been invaluable to us whilst navigating a complex and ever changing landscape.
Chris Hunter, New Zealand Strong