Move Prevailing Wage Dollars Out of Payroll and Reduce Associated Costs

By constructing a bona fide fringe benefit plan, you’ll increase profits. Submit more competitive bids. Build employee loyalty.

Direct Advisors maintains a thorough understanding of the laws governing prevailing wage in the construction industry.

Simplify the complicated process of complying with the Davis-Bacon Act or similar laws while saving money and building your business.

From fringe benefit plan design to plan administration to communicating the benefits and requirements to your employees, we’re at your side whenever you need us.

Find out how we can help you design and administer a bona fide benefit plan that meets federal and state contract compliance requirements. 

Latest From Our Blog

Public Contractors’ Biggest Threat: Annualization! – How to Calculate Annualization and Make it Work for You!

Public Contractors’ Biggest Threat: Annualization! – How to Calculate Annualization and Make it Work for You!

If you are a Public Works contractor and offer a bona fide prevailing wage plan, you are likely familiar with the concept of annualization. The U.S. Department of Labor prevailing wage resource book refers to annualization as: “The computational method that is used to calculate the hourly rate of benefit plan contributions that are creditable to a contractor’s prevailing wage fringe benefit obligation on covered projects.”

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