Bill Cerney

Bill Cerney

Bill is a principal at Gibson. He is an integral member of the construction team and the surety practice leader. In addition to elements of insurance and risk management, he is responsible for overseeing in-house analysis and financial statement underwriting, working with staff and clients on bid requirements and specification analysis, and meeting with clients' accountants and surety representatives. His construction-specific knowledge and expertise compliment Gibson’s strong construction team and bolsters the ability to bring value to all types and sizes of contractors.

Prior to joining Gibson in 2012, Bill worked for over 14 years in public and private accounting, gaining experience in performing and managing assurance, tax, and management and owner consulting services. In addition to the compliance areas of assurance and taxation, he has experience with job cost validation, process consulting, internal control strength and weakness identification, succession planning, incentive compensation plans, contract administration, construction accounting systems, state pre-qualification reporting, employee stock ownership plans, and various types of employee benefit plans. Read Bill's Full Bio

Recent posts by Bill Cerney

3 min read

Surety And The Sale: Ownership Transitions And The Impact To Surety Credit

By Bill Cerney on Mar 26, 2018 6:30:00 AM

For the near term, today’s construction landscape appears to be stable. However, with the recession still in our rear-view mirror, a relatively slow recovery underway, an aging workforce, limited numbers of younger folks joining the trades, and many construction company owners nearing retirement age - the smell of transition is in the air.

Topics: Risk Management Construction
3 min read

P3s, I-69, And Surety Bonds

By Bill Cerney on Oct 5, 2016 6:30:00 AM

There has been a lot of press about P3s as of late, especially in Indiana.

A P3, or public private partnership, is a service or business venture funded by a partnership between a government and one or more private companies.

With the continued stress on governments trying to either maintain or expand services and infrastructure in the midst of budget constraints and often inadequate or declining tax revenues, the idea of being able to get things done with the help of the private sector is intriguing.

Topics: Risk Management Construction
3 min read

Prepare For Upcoming Lease Accounting Changes

By Bill Cerney on Mar 7, 2016 6:30:00 AM

Have you heard? The accounting gods have spoken and have changed how leases are to be accounted for on your financial statements. Why, you may ask, do we need to change the methodology for accounting for leases?

Topics: Commercial Insurance Risk Management Construction
3 min read

What Is A Surety Bond?

By Bill Cerney on Feb 15, 2016 6:30:00 AM

Unless I’m talking to a contractor, people often give me a blank stare when I say I lead our surety bond practice. “Surety, what the heck is that?

Given this apparent lack of knowledge of what I do on a day-to-day basis, I submit a Surety 101 to educate the masses!

Topics: Construction
3 min read

Subcontractor Default Insurance...Demystified!

By Bill Cerney on Nov 2, 2015 6:30:00 AM

What is it? Can you use it? Why would you want to use it or not? If you are a subcontractor, do you want to be in an SDI program? So many questions…

Topics: Risk Management Construction
3 min read

Not All Balance Sheets Are Created Equal!

By Bill Cerney on Sep 9, 2015 6:30:00 AM

Unless you’ve been buried underneath a pile of bidding documents or work in process reports, you’ve likely taken notice of the volatility in the stock market over the last few weeks. A correction, as I’m told.

Topics: Construction
3 min read

The Case For Financial Prequalification Of Contractors

By Bill Cerney on Jul 6, 2015 6:30:00 AM

The construction industry has done a good job of focusing on safety and quality. This mindset has been driven down to the smallest of contractors. They know safety and quality not only impact what work they can secure and for which owners and contractors they can work, but it also drives the cost of their insurance program. Prequalifying contractors based on their safety experience and program is the norm.

The prequalification process, however, should not be limited to safety. Financial prequalification should receive adequate attention as well.

Topics: Risk Management Construction
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