Lead by John Gallo, UHY’s national construction practice was ranked 22nd on Construction Executive Magazine’s Top 50 Construction Accounting Firms list of 2021.
The special edition of the magazine included an article on the state of the construction industry and a near-term outlook as construction companies and contractors start to rebound from the height of the COVID-19 pandemic. John Gallo was asked about cash flow for construction companies during the height of the pandemic and the impact of PPP loans. He said “Project timetables were extended due to COVID-19, but with the assistance of PPP loans and the construction industry being deemed essential, contractors were back working quickly." "The short downtime helped contractors keep cash flow moving and the PPP loans helped to eliminate any major cash flow issues ."
UHY’s construction practice is comprised of nearly 100 construction accountants and provides a wide variety of services including cutting-edge tax strategies, construction audits, construction advisory services, and more.
This article was originally published by Construction Executive Magazine, click here to read the full article.