Nov 7, 2019
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...
Nov 4, 2019
All fringe benefit plans fall into two categories, “funded” (29 C.F.R. §§ 5.26-5.27) or “unfunded” (29 C.F.R. § 5.28). Funded plans are those where the contractor’s fringe benefit contributions are made irrevocably (funds cannot revert back to the contractor for any...
Oct 28, 2019
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...
Oct 23, 2019
I am sometimes shocked when I look at the differences across our construction company clients. Not so much by the different types of work that they do, but more so in their approach to business and even more specifically in their approach to their team. We have...
Oct 10, 2019
The US Chamber of Commerce has recently released data showing 61% of contractors nationwide have experienced difficulty finding skilled workers over the last three months. Many believe a perfect storm including record amounts of construction projects combined...
Aug 21, 2019
The Albany Business Review hosted three experts to discuss how prevailing wage impacts the construction industry, labor unions, wages and the economy. Table of Experts-Albany Business ReviewDownload
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