At Grassi & Co. we understand the needs of a construction company are dynamic and complex. As dedicated industry leaders, the professionals of the Grassi Construction Practice can give you the tools to develop and implement your strategic vision, improve operational flow and efficiencies and make the nontraditional design a profitable building reality.
Our Services:
Our construction practice professionals are members of the Construction Industry CPAs/Consultants Association (CICPAC), a nationwide network of accomplished CPA firms specifically selected for their experience in and commitment to serving the construction industry. In addition to traditional accounting, auditing and tax services, CICPAC members distinguish themselves by providing management and consulting services that meet the increasingly complex needs of construction companies.
Our Construction Industry experience is unmatched.  Our professionals are committed to the Industry and keeping abreast of industry trends and best practices.  Evidence of this and our specialized qualifications is demonstrated by the following:
  • Six of the Firm's partners are Certified Construction Industry Financial Professionals
  • Five of our construction partners teach master's and college-level courses in construction accounting and finance at prestigious universities such as Columbia University
  • Grassi & Co.'s Managing Partner and CEO, Louis C. Grassi, served as the editor of the Journal of Construction Accounting & Taxation for eight years and, along with other senior Grassi & Co. Construction Partners, authored the Construction Industry chapter of the Corporate Controller's Manual
  • Our Firm is the auditor for several Construction Industry trade groups, including the General Contractors Association (GCA); New York Electrical Contractors Association (NYECA), and perform tax services for Construction Financial Management Association (CFMA) 

The Firm hosts periodic seminars for the banking and surety communities, informing them about the latest changes in construction and development accounting, tax developments and other issues affecting the construction industry.
Industry Participation and Investment:
Grassi & Co. has made significant investments of time and resources in becoming leaders in the construction industry. We have partners who have served on boards and advisory panels of numerous industry trade organizations, including:
  • New York Building Congress (NYBC)
  • Subcontractors Trade Association (STA)
  • General Contractors Association (GCA)
  • Construction Financial Management Association (CFMA)
  • Associated General Contractors (AGC)
  • Utility & Transportation Contractors Association (UTCA)
  • Women's Builders Council (WBC)
  • Building Traders Employers' Association of New York City (BTEA)

Other Services:

Our construction professionals also offer Construction Project Monitoring.

Grassi & Co. also offers Cyber and Information Security services, providing needed peace of mind by helping you understand risk profiles, recognize potential threats, determine risk tolerance and create a cyber and information security roadmap and program. 


Robert J. Brewer Partner
Ronald J. Eagar Partner, Chief Operating Officer
William E. Fischer Partner
David Freda Partner
Steven Goldstein Partner, Sports & Entertainment Practice Leader
Michael Hochman Partner-in-Charge of New Jersey Office
William P. Hughes Partner
Stephen J. Mannhaupt Partner, Assurance and Attest Services Leader
Richard McGuinness Partner
Joseph Micara Director of Business Development
Joseph Molloy Principal
Carl Oliveri Partner, Construction Practice Leader
Aaron Rupper Principal
Alan Silverstein Principal
Scott Stern Principal
Anthony Tomaro Partner-in-Charge of Grassi Consulting Services
David S. Warshauer Partner
Pasquale Rafanelli Valuation Senior Manager

Press release

Carl Oliveri of Grassi & Co. Elected President of CICPAC

Grassi & Co. is proud to announce that Carl Oliveri, Partner, Construction Practice Leader, was recently appointed President of the Construction Industry CPAs/Consultants Association (CICPAC).


Rebuilding NYC Construction Safety Standards

New safety standards, the STEP program and digital learning, are impacting construction companies, their personnel, engineering and design firms, and all others along the supply chain in the NYC construction industry. The financial and operational implications of these changes are worthy of consideration.


Carl Oliveri of Grassi & Co. Announced as the Secretary/Treasurer of CICPAC

Carl Oliveri, CPA, CCIFP, CFE, Partner-in-Charge of the construction practice of Grassi & Co., has officially been named the Secretary/Treasurer of the Construction Industry CPAs/Consultants Association (CICPAC) effective August 1st.


Newsletters & Alerts

Implications of the New Tax Law for LI Contractors

Tax projection season is upon us and is a completely new ballgame!  The Tax Cuts and Jobs Act (“TCJA”) was adopted at the end of 2017 with most of it effective January 1, 2018.  


The Nuts & Bolts of the Changes in Revenue Recognition

Over the course of the past few years, you may have heard rumblings about significant changes in our accounting guidance as it relates to how companies recognize revenue. The Financial Accounting Standards Board issued “ASU Revenue From Contracts With Customers (Topic 606)”, which is effective for public business entities, beginning after December 15, 2017; and private companies for periods beginning after December 15, 2018. 


EAlert: IRS Issues Workarounds for SALT Deduction

On December 22, 2017 President Trump signed into law the Tax Cuts and Jobs Act. 


EAlert: What a Contractor Should Know About Tax Reform

The Tax Cuts and Jobs Act (the Act), which the President signed on December 22, 2017, contains numerous provisions that could affect contractors at the corporate and individual levels.


The 2017 Building & Design Symposium in Review

Every year, Grassi & Co. produces a Construction Industry Market Outlook Survey followed by a Symposium made up of executives within the construction industry to comment on the results of the survey.


If You Build It, Use Technology

The advances in construction technology are real, they are here, and they aren’t going away. If construction contractors are not already implementing these new ways to build, they’ll be as obsolete as the dot matrix printer.


Money for Nothing: 3 Ways to Reduce Contractor Insurance Premiums

Insurance costs can be daunting for any contractor, but what if there was a way to reduce premiums without affecting coverage?  Here are three tips that can have a large impact on insurance premiums.


The Blueprint to Building a Successful Construction Succession Plan

Over the past few months, there have been at least three construction companies who have celebrated big anniversaries: one celebrated 75 years, the second 125 years and the third 130 years.


NYS Paid Family Leave Act

In April of this year, Governor Cuomo signed into law the Paid Family Leave Act enabling workers with up to 12 weeks of paid leave a year to care for a seriously ill family member or newborn, or address issues from a family member’s military service. The law will apply to all employees who are covered by the state’s temporary disability insurance law, regardless of their employer’s size, and who have been employed for 26 or more consecutive weeks.