Case Studies

McMahon Contracting
Grand Prairie, Texas

Industry: Highway, Street, & Bridge construction

SITUATION
Brothers Jayce and Shawn McMahon founded the company in 1993 with eleven employees and started out as a small contractor offering rehabilitation and reconstruction services. McMahon Contracting is now a prequalified contractor for Texas Department of Transportation (TxDOT) construction and maintenance projects and has over 100 employees. The brothers approached PK for audited financial statements to maintain their prequalified status.

SERVICES PROVIDED

• Completed and issued the audit within the 90-day TxDOT requirement
• Identified issues within percentage of completion revenue recognition and made adjustments to present the financial statements in accordance with Generally Accepted Accounting Principles (GAAP)
• Provided a suggestion for automation of job cost allocations within their current construction software package after learning the hours the manual process required