fringe benefits

Davis-Bacon Act Prevailing Wage Requirements: A Contractor's Field Guide

Davis-Bacon requires contractors on federally-funded construction projects to pay prevailing wages determined by the Department of Labor. Sounds simple; the implementation has twenty-plus worker classifications, wage determinations that change mid-project, fringe benefit offsets, certified payroll obligations, and apprentice ratios. Here's what a contractor's payroll, AP, and compliance teams need to know.