Government Funded Construction Projects – Quick Facts
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 in turn created a slew of new government-funded construction projects requiring certified payroll reporting.According to USASpending.gov, as of November 23, 2009, there was $43.9 billion in spending targeted for the "construction of structures and facilities." A U.S. Federal Law, the Davis-Bacon Act of 1931, set "prevailing wage" rate requirements on public works projects. All contractors and subcontractors who engage in government construction contracts and federally assisted construction projects over $2,000.00 are required to submit weekly - certified payroll reports…