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Construction and real estate audit
Construction and real estate with Van Oers Audit

Information on the construction and real estate sector

The construction and real estate sector is characterised by a wide variety of companies. These range from contractors to fitters and from project developers to architects. The sector is heavily dependent on domestic expenditure. Although the crisis has passed, it has clearly left its mark. While the figures for residential construction reveal strong growth, the market has almost reached its limits. For example there is a lack of qualified personnel and building materials are scarce. The significant increase in construction costs is also still causing a lot of uncertainty, despite well-filled order portfolios.

Construction and real estate with Van Oers Audit

Construction and real estate: a complex sector

Issues relating to external reporting and audits often focus on the valuation of projects in hand and real estate. The valuation of projects in hand depends on the estimate of progress and the expected project results (profit or loss). In practice such issues often turn out to be problematic and the estimates are dependent on numerous different factors. An accountant with specific knowledge of the sector is therefore essential.

wouter kruisifikx
Wouter Kruisifikx | Director audit
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