#davis bacon

[publicworksconsultant]

Prevailing Wage

Public Works Consultant, LLC provides services to ensure compliance with prevailing wage rules and regulations on construction projects. Our team specializes in determining the current prevailing wage rates for various classifications of employees involved in public works projects.

[foundationsoftware]

Construction Document Management & Imaging Software | Foundation Software

With Foundation's construction document management software, you'll have more control and storage in a system that works for your business. It offers features such as automated document routing, searchable electronic filing cabinet, and customizable document labels and criteria. The module also comes with other modules such as Accounts Payable Software, Project Management, Mobile, and more to help users work more efficiently. It is an ideal solution for construction businesses.

See More: https://www.foundationsoft.com/software/construction-document-imaging/

[parttimereporter]

Trumpland.. the infrastructure list revealed..

The document obtained by the Star proposes funding the projects as public-private partnerships, with half the money coming from private investment.

The Trump team put together the priority list of “Emergency & National Security Projects,” a senior congressional aide said. It includes cost estimates and job impact numbers.

It is not clear whether that document is a draft or a final version. The National Governors Association circulated a similar list, which had been compiled by the transition team, as a spreadsheet among state officials in December, requesting further suggestions. All but two projects on both lists are the same.

Some projects that governors suggested — in California and Washington state in particular — do not yet appear on either list.

The governors’ association has received 43 responses from states and territories so far, said Elena Waskey, a spokeswoman for the association.

[wheredidireadthat-blog]

Mary Nelson, director of Bethel New Life, Inc., a social service organization located in Chicago, has found that Davis-Bacon adds up to 25 percent to her total costs and frequently prevents her from hiring unskilled, low-income workers to work on projects renovating the public housing that they themselves live in. Elzie Higgin-bottom, builder of low-income housing in Chicago’s South Side, has had similar problems. Davis-Bacon requires him to pay carpenters (defined by the Act as someone who hammers in a nail) $23 per hour. As a result, he complained, “I’ve got to start out a guy at $16 per hour to find out if he knows how to dig a hole. I can’t do that.”

fee.org

[personalseo]

Employee Prevailing Wage Plan Benefits

Compare the Best to the Rest

Participation in the Davis-Bacon Pension Plan & Trust means employees also save the amount which they otherwise would have paid to FICA or income tax on their Fringe Benefits. In addition to tax savings, employees accumulate tax-deferred earnings on their total Trust deposit. These funds will not be taxed until withdrawn, usually at retirement, which occurs without IRS penalties after age 59 1/2. 

Employee Account Accumulation Based on $8.00/hr Fringe Rate for 1,600 hours ($12,800/yr) Assumed Rate of Return 8%: After 10 Years $ 92,000 After 20 Years $292,000 Approximate Tax Savings Based on $12,800 Deposit Amount Social Security = $ 979.20 Income Tax = $3,484.00 Taxes Saved = $4,536.20

Contact them today for more information

[personalseo]

Great Benefit Programs for Contract Workers

Great Benefit Programs for Contract Workers

If you are an employer who uses contract workers, you already know that both you and your work force can benefit from the flexibility of using seasonal or short term workers to “make hay while the sun shines.”  But, staying above board with complicated government regulations can be quite confusing. If you’re not careful, you are liable to pay a hefty price for even the simplest mistakes.

Using a Davis-Bacon Pension plan is a great way to ensure that you are in compliance with federal regulations. You can even calculate your potential savings by using the online tool they provide. But, Davis-Bacon offers you many services that you might not know about.

Offering your contract workers creative financial benefits will ensure their financial satisfaction and keep your costs at a minimum. A 401k plan allows your eligible employees to make elective deferral's (salary reduction) contributions on a post-tax and/or pre-tax basis. (Click here to see a great article on 401k plans that you can pass on to your work force) Davis-Bacon.org is ready to walk you through the details and get your program in place.

If you need to enhance your benefit program, you can offer an ER Match Plan. Davis-Bacon.org can help you put in place a program that allows you to make employer contributions that may match your employee's elective deferral (salary reduction) contribution up to a certain dollar amount or percentage of compensation.

Want to keep a loyal work force? Offer your contract employees a profit sharing plan.  This defined contribution plan allows you to give your employees a share in the profits of your company. Each employee receives a percentage of those profits based on your company's earnings.

If you need flexibility, Davis-Bacon Pension Plans, Inc. can help you create a Comparability Plan.  In simple terms, this is a profit sharing plan that divides your employees into groups. Each group receives a contribution that is a different percentage of compensation. For example, you can place the owners in one group, your project managers in another group, your clerical staff in a third group and your field staff in fourth group.

Davis-Bacon Pension Plans, Inc. offers two Safe Harbor programs to serve your contract worker team.  The Safe Harbor 401k - Non-Elective program allows you to make a mandatory employer contribution equal to 3% (of W-2 wages) for all eligible employees. Eligible employees are those that have met the Plan's eligibility requirements.

They also offer a Safe Harbor Matching program.  This option allows you to make a mandatory employer contribution for all eligible employees in the amount of 100% of the first 3% of salary deferral plus 50% of the next 2% of salary deferral. No contribution is made for employees not making a salary deferral.

Davis-Bacon Pension Plans, Inc. offers you a wide variety of programs that will allow you to make the most of your contract work force. In fact, using the wide variety of services they offer will likely save you hard-earned money. You owe it to yourself to contact the team that can tend to the details and keep you doing what you do best!

[personalseo]

What is Davis Bacon Pension Plans?

When you're a contractor bidding on prevailing wage jobs there's no silver medal for second place. Winning more government bids and staying profitable is not easy, especially when you're paying 100% of the local prevailing wage rate in wages. It drives up your other costs, and requires you to make riskier bids. If you bid more you lose jobs and if you bid less you lose money. With things so tough out there you need a tool to be more competitive. The solution? Davis-Bacon pension plans Incorporated. At Davis-Bacon pension plans our goals are simple boost your bottom line so you can win more bids. The way we do it is simple; instead of paying 100% of the local prevailing wage rate in wages you pay the base rate directly to your employees and put the rest into a bona fide pension plan. By making this change you save the amount you would've paid in payroll taxes, while also lowering your workers compensation and general liability premiums. And employees win too! These are funds that will help secure their retirement.

Since we focus solely on prevailing wage were able to offer quicker simpler and more affordable service. With over 24 years’ experience we know your market and we know what it takes to drive it. Our plan works with any federal, state, county, municipal or service contract. We can even customize plans with other benefits to fit your business needs. These are just a few of the reasons companies of all sizes rely on us every day.

At Davis-Bacon Pension Plans Incorporated we give you the competitive edge. So you can save money and win bids. Contact us and just for calling will give you a quick cost analysis to see how much you stand to save. So you'll know before you even start it's a solution you'll see in your bottom line. If you're not ready you can download a Q&A document on how the savings work. Thank you and we look forward to hearing from you soon.

Contact Information: 15600 Redmond Way #203 Redmond, WA 98052 Phone: [phone] ext 1 Fax: [phone] Email: [email protected]

[personalseo]

How to Get Started Hiring Government Contract Labor

If you are a business owner who wants to launch into government contracting, it is important to understand both the benefits and liabilities of hiring your contract labor correctly.  One major hang up can come if you fail to recognize that the law requires that businesses hiring contract labor must give post-Vietnam veterans preference in hiring.

The benefits of hiring contract labor over permanent hires are well documented. First, the cost is cheaper to you since you contract by the job rather than paying a salary or hourly wage for the same job.  This is especially important if you envision an uneven process for a job. For example, seasonal construction or short term remodeling.

As mentioned above, there are pitfalls that you can easily stumble into if you are not aware of the proper contracting procedures. The government requires affirmative action for veterans and the guidelines are pretty stringent.  It’s always important to check online for rule changes, but here is an overview of the Vietnam Era Veteran’s Readjustment Assistance Act of 1974 (VEVRAA).

All contractors and subcontractors with federal contracts must submit the VETS-100 or VETS-100A Report depending on specific circumstances. There are four basic categories specified for these reports: Disabled Veterans, other Protected Veterans, Armed Forces Service Medal Veterans and Recently Separated Veterans.

VEVRAA requires covered contractors and subcontractors are required to list most employment openings with an appropriate employment service delivery system and the system must provide all protected veterans with priority referrals to any job openings.  If you have a position with a duration of three days or less you are exempted from this requirement.

You can satisfy this government requirement by listing your employment openings with the state workforce agency job bank or with the local employment service delivery system where the opening occurs.

For additional information regarding compliance with the job listing requirement is available on the OFCCP website in the form of FAQs http://www.dol.gov/ofccp/regs/compliance/faqs/jvafaqs.htm

Or contact Davis Bacon.org for all details regarding this and other options.