LAKE SUCCESS, N.Y., June 24 /PRNewswire/ -- Grassi & Co., CPAs, one of the region's leading accounting, tax and consulting firms with the largest national construction practice, released its 2009 Construction Industry Survey results and report. This industry-wide survey,The State of Your Business 2009,was conducted in partnership with McGraw Hill Construction'sNew York Construction.

The survey queried construction companies in seven different information areas:organizational structure, contract types, training and technology, profitability and access to capital, financial tools, business development and future vision. The results uncovered the need for implementing best business practices that increase reliance on sophisticated business planning tools and programs that focus on ways in which to grow the business over time and rely on financial techniques to increase profitability.

"Construction contractors should key into business planning for both growth and profitability," advises Louis C. Grassi, CPA, CFE, and Managing Partner of Grassi & Co., CPAs, who has been advising construction firms for nearly thirty years.

Conducted bi-annually since 1997, the survey is the only industry-wide research tool of its type designed to explore current business practices about construction companies. According to Seth Horowitz, New York Construction's Publisher, "This survey is another important information resource for our readers to learn about more about how to advance their own businesses in a current challenging economy."