4 FAQ’s on the New Prevailing Wage Amendment

4 FAQ’s on the New Prevailing Wage Amendment

We have been receiving several questions on how to comply with the amended prevailing wage bill that is now law.  There are questions that still need to be clarified, however the purpose of the amendment is to have employers provide additional transparency of fringe supplements when workers are on public works jobs.  Most of the questions we get relate to: “What do I have to provide to my employees?” 

Annualization of fringe Benefits – How to calculate with examples

Annualization of fringe Benefits – How to calculate with examples

Annualization is one of the most commonly misunderstood concepts in the Davis Bacon Act (DBA), Service Contract Act (SCA) and state laws. However, knowledge about how annualization works, and how it affects contractors’ financial obligations for bona fide benefit...
What Qualifies as a Bona Fide Fringe Benefit

What Qualifies as a Bona Fide Fringe Benefit

What is a Bona Fide Fringe Benefit Merriam-Webster defines bona fide as: Made in good faith without fraud or deceit; Made with earnest intent: sincere  Neither specious or counterfeit: genuine.           The Davis Bacon Act (DBA) prevailing wage rate is made up of two...