CWM Advisory Ching and Wong Management

Singapore Construction & Property Accounting Specialist

Supporting Contractors and Developers for Over 50 Years.

We help construction and property businesses manage project profitability, FRS115 compliance, and complex financial structures with specialist accounting and advisory support built for the industry.

Construction Accounting Isn't Like Normal Accounting

Every construction project carries its own revenue, costs, claims, retention, variations, subcontractor payments, and compliance requirements. Without proper project-level reporting, it becomes difficult to know which jobs are profitable, where cash flow is tightening, and whether revenue is being recognised correctly.

We help contractors manage project profitability, FRS115 compliance, progress billing, cost tracking, and financial reporting with the realities of the construction industry in mind.

That is where an accounting specialist in construction matters.

  • Project-based revenue and cost tracking across multiple active jobs

  • Cash flow visibility affected by progress claims, retention sums, and variation orders

  • Compliance involving BCA, IRAS, ACRA, MOM, and FRS115 reporting requirements

  • Project profitability depends on accurate cost tracking and margin visibility

  • Registered Filing Agent FA20020117

  • Certified Accountants by ISCA

  • Trusted Collaborations With MOM

  • Trusted Collaborations with IRAS

  • CWM is a CPA Practice

  • Accredited Tax Advisor ATA0067

Specialised Accounting Services for Construction & Property Businesses

Construction Accounting & Project Cost Tracking

We help contractors manage project costs, improve financial visibility across active jobs, and maintain clearer oversight of project profitability.

  • Project cost tracking & work-in-progress (WIP) tracking
  • Progress billing, retention sums & variation orders
  • Subcontractor cost & payroll tracking
  • Construction project profitability analysis

Contractor Tax & GST Services

We help construction and property businesses manage tax obligations more effectively, with industry-specific support for GST, contractor taxation, and IRAS compliance.

  • Contractor tax planning & IRAS compliance
  • GST on construction & property transactions
  • Capital allowance claims for equipment & assets
  • Withholding tax support for subcontractors

FRS115 Revenue Recognition & Compliance

We help contractors manage construction revenue recognition, improve reporting accuracy across active projects, and maintain compliance with FRS115 requirements.

  • FRS115 revenue recognition & compliance
  • Revenue recognition across multiple active projects
  • Project-based revenue allocation & reporting
  • Financial reporting & audit support

Construction & Property Business Structuring

We help businesses establish the right corporate structure for construction projects, property investments, and long-term operational growth.

  • Construction company incorporation & setup
  • SPV structures for projects & investments
  • Property holding company structures
  • Contractor group structuring & expansion support

Our Bespoke Services For
Construction & Property Businesses

Developed from decades of experience supporting contractors, developers, and project-based businesses in Singapore.

01

Construction Financial Management

Gain greater visibility into the financial performance of your projects with accounting and reporting tailored to the construction industry.

  • Project profitability analysis
  • Cost control systems
  • Contractor financial reporting
02

FRS115 Compliance Review

A dedicated review service to help contractors manage revenue recognition requirements with greater confidence and compliance.

  • FRS115 revenue recognition audit
  • Compliance review
  • Reporting recommendations

How Have We Helped Contractors & Developers?

Explore real case studies and examples of how we've supported construction and property businesses through the challenges of running and growing their companies.

Startly Construction
Pte Ltd

Startly Construction Pte Ltd

Singapore • Builders

Special Case Study 01

Virtual CFO Services And Accounting Modernisation For A Construction Company

Startly Construction Pte. Ltd., a Singapore construction company, engaged us as virtual CFO to modernise and rebuild their accounting function — implementing Xero end-to-end alongside the compliance, systems, and accountability needed for sustained growth.

  • Full Xero implementation: construction COA, Projects, Expenses, and HRMS integration
  • FRS115-compliant revenue recognition for percentage-of-completion accounting
  • Compliance restored with active cash flow management established

By rebuilding the accounting function end-to-end with FRS115 revenue recognition, integrated payroll, and project-level cost tracking, we delivered a modern finance platform that strengthens compliance, governance, and management decision-making.

Unlock Comprehensive Corporate Services.
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