public works construction
Worker’s Comp and payroll taxes take a huge bite out of a contractors profit when working on Public Works construction projects – especially if the contractor is paying the full fringe benefit rate of the prevailing wage to the employee in cash and not to the Union Hall or into bona-fide plans.
Public Works Construction and Prevailing Wage projects require advanced financial planning methods and tools along with an understanding of the ever-changing compliance requirements — so that you can reduce your overhead and get paid on time. Continue reading
State of Washington - Michael E. Purdy Associates guides public agencies and contractors in managing the complex world of public contracting. 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
Almost 20% of the $787 billion American Recovery and Reinvestment Act will be spent on improving the nation's infrastructure, this means that their will be more and more "public works" construction projects that require certified payroll. 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