DESCRIPTION
"The Davis Bacon Act is one of the most complex statutes to follow. Organization that want to do business with the federal government must tread very carefully to safeguard compliance.” Susan Fahey Desmond
Doing business with the Federal Government and offer services on federally funded or assisted construction projects must comply with the Davis Bacon Act. The DBA requires these corporations to pay at least the locally “prevailing wage” to labourer and mechanics employed on the contract. But how do you determine that “persuading wage”? The DOL is increasing its enforcement of the DBA – don’t be trapped violating the DBA – you may face paying millions of dollars of damages and attorneys’ fees!
Susan will discuss the updates done in Davis Bacon Act which was presented on January 30, 2017 in the House.
Learning Objectives:
- Overview of the Davis Bacon Act
- Contractors and subcontractors covered
- Key Differences between the DBA and state prevailing wage laws
- Calculating the prevailing wage
- Classifications of Work and the Conformance Process for Missing Classifications
- What are bona fide fringe benefits and self funded benefits?
- Recordkeeping
- New pay requirements for federal contractors
Who will Benefit:
- All companies performing work for the federal government
- Human Resource Professionals
- Payroll clerks
