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… Continue reading
When a contractor works on Federal and/or state funded construction projects and fails to pay the appropriate "prevailing wages" or overtime to their employees and/or fails to submit the required "certified payroll reports" to the appropriate agencies ---- well it's pretty serious business. Continue reading
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 bridges. Continue reading
Hundreds of thousands of construction workers hired to work on economic-stimulus projects will receive prevailing wages under new federal guidelines. Transportation Secretary Ray LaHood will prepare the guidelines, which will expand the 1931 Davis-Bacon Act and establish a floor for wages paid for the more than 678,000 construction jobs created by 2010. Continue reading
The current economic situation has dealt a serious blow to both homebuilders and commercial contractors. Like all downturns to the economy, this too shall pass; but, experts predict that it will take quite awhile for everything to stabilize.
However, all is not lost.....
Public Works construction could thrive. If you listen to the news and read construction trade newsletters you hear that part of President-Elect Obama’s economic stimulus plan includes investing in our country’s infrastructure; which means public works construction projects. Continue reading
beginning on January 18, 2009 you are no longer required to report your employees address and social security number on your weekly certified payroll reports when you file the Federal/U.S. Department of Labor WH-347 form. Continue reading
