Nowadays, prevailing wage mandates come in many forms, from federal requirements such as the Davis-Bacon Act and the Service Contract Act to state mini-Davis-Bacon laws to the roughly 125 living and responsible wage ordinances around the country. Many contractors are bidding on work in multiple states, dealing with a complex set of federal, state and local prevailing wage requirements as well as concerns about ERISA requirements and the continual threat of audits.
The Contractors Plan tracks the requirements that apply to your projects — Davis-Bacon, the Service Contract Act, local living and responsible wage ordinances and state prevailing wage laws — and helps you put the fringe portion of the wage into bona fide benefit plans that keep you compliant and make your bids leaner.