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The network of KPMG member firms provides independent audit services for many of the leading infrastructure, building and construction companies on a national and global basis. Our audit professionals are able to apply this in-depth industry experience to the complex financial reporting issues faced, such as revenue recognition under long-term construction contracts, contract claims and change orders, accounting for joint ventures, pension and other employee benefit programs, and income taxes. They also provide valuable insight towards the application of accounting standards relating to variable interest entities, business combinations, and goodwill impairment tests. Our audit services include Financial Statement Audits, Assurance Services, Accounting Advisory Services, and Climate Change and Sustainability Services.
Our Internal Audit, Risk and Compliance Services professionals have many years of relevant experience in the IBC sector, which enables them to understand the types of approaches that will help in dealing with control and compliance challenges. As a result, we help organisations assess the effectiveness and efficiency of their accounting, finance, operations and government compliance processes. We provide contract compliance, enterprise risk management, Internal Audit outsourcing and co-sourcing, regulatory and compliance services, sustainability and monitoring and IFRS conversion services.
KPMG’s Tax professionals can help IBC sector companies plan for, manage and resolve tax issues. In an increasingly complex tax environment with ever-changing legal and regulatory requirements, we can help assist companies with business tax issues relating to international and local taxes, as well as keeping you abreast of changing legislative and regulatory issues. Our tax team can help you to manage your tax position across corporate tax (including helping to improve the tax efficiency of group structures, maximising use of tax assets and managing your relationship with HMRC), employment taxes (including the construction industry scheme and employee benefit packages), VAT and stamp taxes. They can also assist in the tax aspects of transactions, working alongside you and your legal team to provide tax due diligence and tax structuring advice.
KPMG’s pensions advisory team helps companies manage their pension costs and risks. The IBC sector is people-intensive and pensions are therefore important to employees and managing the often significant defined benefit liabilities is critical. KPMG’s team includes actuaries, investment professionals and covenant advisors, enabling us to develop holistic pension strategies to meet companies’ objectives. We help companies manage changes to their pension plans (defined benefit and defined contribution), to manage their pension plan assets effectively, and to efficiently finance pension deficits – for example using PFI portfolios to support the pension scheme. IBC companies have legacy defined benefit liabilities that we are helping to “manage down” through a combination of reducing / reshaping liabilities and ultimately using insurance and hedging to mitigate and remove residual risks to the business.
Contract disputes are an established feature of the IBC sector, and particularly in a difficult economic climate. KPMG Forensic professionals can assist IBC clients in resolving these disputes as well as assist clients in achieving higher levels of business integrity through the prevention, detection and investigation of fraud and misconduct. We assist clients in assessing their vulnerability to fraud and misconduct activities and in developing controls and programs to address these risks. Some of the services we provide include contract and regulatory compliance, forensic technology, fraud risk management, investigations, UK Bribery Act compliance, Foreign Corrupt Practices Act compliance, dispute advisory services and construction claims, and other construction-related services.
The effectiveness of IT systems is a key differentiator between companies in the IBC sector, giving a significant competitive edge to those businesses who have invested in the right IT solutions. For government clients the IT platform can be critical in the proper management of infrastructure assets. KPMG’s IT Advisory Services professionals help organisations to assess, design and integrate leading information management and operational processes and controls to deliver sustained business value and risk management. Services include IT architecture and strategy, ERP advisory, IT governance, security, privacy and continuity, IT attestation, as well as program and project management.
KPMG's Corporate Finance Practice advises clients of every size - from blue-chip corporations, financial institutions and governments to medium-sized enterprises - on how to identify structure and execute all manner of public and private market transactions.
Our IBC sector mergers and acquisitions team helps companies develop their growth strategies, identify targets and implement transactions.
Our valuations team has deep specialism in the infrastructure sector, valuing the assets of a significant number of the leading infrastructure funds. We advise on the value of major assets in the event of sale or contract termination.
Our debt advisory team provides independent advice to corporate clients in relation to debt raising, debt restructuring and complex refinancings.
We have a reputation for delivering forward thinking and objective advice, for our extensive global footprint and negotiation prowess as well as an envied track record in closing successful deals. Furthermore, our advice is independent of any product, market or bank
KPMG’s Global Infrastructure Group advises on the development and implementation of greenfield infrastructure transactions in the transport, energy, social infrastructure, defence and IT sectors. We help governments, local authorities and utilities plan their infrastructure strategies and procure and finance specific developments. We support private sector bidders in the strategic, financial and commercial aspects of bid development including the related tax, accounting and compliance issues.
KPMG’s Transaction Services professionals provide merger, acquisition, public listing and divestiture support by placing a strong emphasis on stakeholder value and by helping clients identify key risks and benefits early in the process. This includes support throughout the transaction life cycle for both strategic and financial buyers and sellers. Services include technical accounting assistance, business due diligence, buy-side due diligence, vendor assistance, pre-close and post-close assistance, pre-sale due diligence, and advice on regulated capital market transactions.
The IBC sector has been hit hard by the global recession and insolvencies, sometimes of long-established companies, have become commonplace. KPMG's Restructuring practice implements solutions in situations of stress and distress. Working alongside lenders, stakeholders and all levels of management, our professionals plan and deliver restructuring actions that can provide improvements to cash flow, profit & loss and the corporate balance sheet. Our services include Cash Visibility and Control, Chief Restructuring Officers, Company Voluntary Arrangements, Corporate Finance Restructuring, Early Options analysis, Exit planning & Implementation, Formal Restructurings, Group Streamlining, Restructuring Pensions Advisory, and Stressed and Distressed Cash Management.
