Press Release
Soren McAdam Christenson LLP
Certified Public Accountants and Business Advisors
Contact: Roger Wadell, Partner
909.798.2222
PR Contact: Ron Burgess
909.798.5737
FOR IMMEDIATE RELEASE
May 8, 2006
Real Estate Developers and Construction Contractors Are Important
to the Inland Empire and Soren McAdam Christenson LLP
Real estate development and construction have long been a major part of the Inland Empire’s economy. Only the retail sector has more companies than the construction industry in San Bernardino and Riverside counties. In 2004, the construction industry added more employees than the retail industry to our local economy. Comparatively speaking, the Inland Empire economy is driven more by construction and development than are the economies of either Los Angeles or Orange counties.
Soren McAdam Christenson has been deeply involved in construction and real estate development for several decades, and in more recent years has developed a “construction team” that focuses on, and specializes in serving contractors and developers. These accounting specialists regularly communicate with each other regarding current trends and developments in both the industry and the Inland Empire. In contracting and development, cost and project management are critical, and it is in this area that SMC can really help.
Their commitment to all facets of the construction industry runs deeper than traditional accounting. SMC’s construction team also includes IT professionals who build specialized industry systems. They can help interface existing client systems into coherent reporting formats helpful for operations, labor, material coordination, and critical costing information. SMC professionals know that underlying systems can positively impact project management, and ultimately profit.
Bonding is critical to most contractors. Bonding companies look for specific formats in financial reporting. Understanding the nuances of this reporting has earned Soren McAdam Christenson a reputation among bonding companies for understanding the needs of underwriters. This single issue can dramatically affect a contractor’s ability to grow and prosper.
Jim Soren is one of the most respected CPA’s in the Inland Empire. He is a former chief financial officer for a large general engineering contractor, and has served contractors and developers, as a CPA in public accounting, for more than 30 years. Together Jim, Gary, and Cindy lead a team of dedicated accounting professionals, who really understand real estate development and construction. They keep up with the ever-demanding developments of the industry and enjoy sharing this experience and knowledge with clients.
It is only natural that Soren McAdam Christenson LLP is committed to the Inland Empire and its economic development, as its roots, and those of its partners, are deeply planted in the region. SMC’s construction partners live and work in the Inland Empire and are actively involved in their communities and the construction industry.
For more information on SMC, contact Roger Wadell, partner, at 909.798.2222 or visit www.smc-cpas.com.
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