Prevailing Wage Employee Benefit Administration

Prevailing Wage Employee Benefit Administration for Davis Bacon and Service Act Contractors

The U.S. Department of Labor or DOL has responsibilities to oversee that coordination, administration and consistency of the of the labor standards provisions of the Davis Bacon and Related Acts is being followed. The DOL has issued regulations under this authority to establish standards and procedures for the administration and enforcement of the Davis-Bacon labor standards provisions in covered contracts they’re responsible for or to which they provide federal assistance under laws they administer.

Compliance Assistance Materials include:Prevailing Wage Employee Benefit Administration

Davis-Bacon and Related Acts web page – Information on prevailing wage and benefits.

Employment Law Guide – Prevailing Wages in Construction Contracts – Description of the coverage and basic requirements of prevailing wages in construction contracts.

Compliance Assistance – Davis Bacon and Related Acts web page – Information on the acts that require prevailing wages and fringe benefits on federal construction contracts.

Wage Survey Form  – Optional form to ensure consistency in submission of wage data.

Wage Determinations on line – A single location providing federal contract officers and the public to use in obtaining SCA and DBA wage determinations for each official contract action.

Davis Bacon poster – Covered contractors must post this poster.

Form WH-347 – Optional form that satisfies requirements of Regulations parts 3 and 5. See 29 CFR 5.5 (a)(3)  for more information.

Davis Bacon Act – Requires payment of prevailing wages to laborers on a federal construction contract.

Reorganization Plan of 1950

29 CFR Part 1, 29 CFR Part 3, 29 CFR Part 5, 29 CFR Part 6, 29 CFR Part 7 – Regulation descriptions.

This is all the compliance materials, record keeping materials and applicable laws and regulations.  Contact Fringe Consulting for more information.

 

Get that Competitive Edge when Bidding Contractor Jobs

Get that Competitive Edge when Bidding Contractor Jobs

Build Your Business by Landing Government Contracts

As a contractor, you need to “make hay while the sun shines!”  In this market, that means being more competitive when bidding public construction projects. Every year, Davis Bacon and Service Contract Act projects are put out to public bid, but for you to win and turn a profit, you need to know the ins and outs of the rules and regulations that apply to these “one of a kind” projects. Sound complicated?Get that Competitive Edge when Bidding Contractor Jobs

It doesn’t have to be!

Fringe Consulting specializes in helping businesses like yours land profitable contracts while safely navigating the obstacles along the way. How? Our experience in creating Davis-Bacon Act compliant benefits packages ensures that you meet government regulations, provide your workers with competitive benefits packages and ensure that you are not overpaying!

Many contractors pay their workers additional cash wages and still pay a portion of their health insurance premiums. A better approach is to pay insurance premiums using fringe funds. This provides your workers with the same benefits but lets you keep more of your hard earned money! It is a no-brainer because it eliminates your payroll burden on funds you pay out for healthcare.

You could try to get this right yourself, but why? Fringe Consulting can lower your payroll taxes, workers comp and general liability insurance and improve your compliance to all prevailing wage laws those government contracts require. That means you stay compliant and still have a chance turn a profit when the job is done!

Fringe Consulting provides you with quality pension plans, fringe benefit options, prevailing wage consulting and employee benefits for either short-term or long-term contracts. When you offer fringe benefits in lieu of cash wages, you save money for both employer and workers by reducing tax exposure to all. We offer a complete range of fringe benefits, pension plans and trust programs.

What are you waiting for? Call Fringe Consulting today and lets discuss a better fringe benefits strategy to help you win more bids!