QuickBooks for Contractors blog » davis-bacon act

The History of Prevailing Wage

Nancy Smyth — Fri, 02 Jul 2010 11:00:57 +0000

Bacon, a former banker, explained the need for the law when he detailed for his legislative colleagues how an out-of-state construction firm paying extremely low wages transported thousands of unskilled workers hundreds of miles to toil on a public project in New York - “They were herded onto this job, they were housed in shacks, they were paid a very low wage, and [Read the full article...]

QuickBooks Question – Tracking Prevailing Wage Fringe Benefits

Nancy Smyth — Thu, 01 Jul 2010 11:00:31 +0000

We were just awarded a contract with the Department of Defense and have to pay our employees "prevailing wage" and submit certified payroll reports. I called Intuit Support to ask them about prevailing wage, certified payroll, and how to track the fringe benefits; they weren't very helpful - they just told me that QuickBooks can produce the certified payroll report.......can you help me understand all [Read the full article...]

Government Funded Construction Projects – Quick Facts

Nancy Smyth — Tue, 11 May 2010 11:57:40 +0000

Many contractors across the United States are subject to the Davis-Bacon Act – including a growing number of small, medium, and large construction firms as a result of the American Recovery and Reinvestment Act of 2009 (ARRA).

ARRA provides billions of dollars in funding for the improvement of the nations’ infrastructure that [Read the full article...]

U. S. Department of Labor Revises Certified Payroll Reporting Requirements for Form WH-347

Nancy Smyth — Tue, 28 Apr 2009 13:24:09 +0000

The Davis-Bacon Act of 1931 established into law the requirement for paying "prevailing wages"; a specific rate of pay plus fringe benefits for each trade/work classification that has been set by the Department of Labor - Wage and Hour Division, on federal or federally-assisted construction projects exceeding a value of $2,000.00. Construction includes the alteration and/or repair, including painting, decorating, plumbing, electrical, etc., of public buildings or public works - including roads and [Read the full article...]