Construction is one of the most financially complex industries to run — and one of the most poorly served by generalist financial advisors. The mechanics of construction finance — job costing, WIP accounting, deferred revenue, billing in arrears, and cash timing — are fundamentally different from product or services businesses, and a CFO who doesn’t understand those mechanics will cost you more than their fee.
Anthony Pichelli has direct CFO and Controller experience at construction companies including Access Restoration Services and The Byng Group. He understands job costing at the project level, how to structure overhead allocation across a multi-job business, how to manage cash within a bank line of credit, and how to build the financial reporting that gives construction leadership a real-time view of where each job stands financially.
The Cash Trap in Construction
Construction companies bill in arrears and collect on long cycles while paying subcontractors, labor, and materials upfront. That gap — between cash out and cash in — is where otherwise profitable construction businesses run into trouble. Anthony builds the cash management and banking infrastructure that bridges that gap and prevents the liquidity crises that derail good companies.