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Weighted Average Overtime in the World of Prevailing Wage
Posted on: 26 Mar 2023
Some employers still consider the payment of “time and a half” for all hours worked over 40 in a week as satisfying their overtime obligation. But does it really? What if an employee works at two or more pay rates in one week? How does working on prevailing wage change time classification and overtime premium […]
Prevailing Wage in the Economy, Understanding Prevailing Wage Fringes
Posted on: 26 Feb 2023
More and more upcoming jobs are Prevailing Wage because the government is the only one with money to spend. Experienced Prevailing Wage contractors see twice as many bidders from farther away competing for the same project, or see companies who have never before sought Prevailing Wage work. Contractors who have avoided Prevailing Wage in the […]
Using a Company Hourly Fringe Program without Prevailing Wage
Posted on: 26 Jan 2023
For a few years now, companies have been finding it increasingly difficult to hire and retain quality employees. This problem affects all companies, regardless of industry or trade. Some commercial companies would use the possibility of working a prevailing wage project as a dangling carrot to attract employees to come work for them. In January […]
Prevailing Wage Laws
Posted on: 26 Dec 2022
This article provides a summary of various prevailing wage laws, to include the federal Davis Bacon Act (DBA), the federal Service Contract Act (SCA), and various states with prevailing wage laws. In addition to the DBA, the SCA, and state prevailing wage laws, over one hundred localities have their own prevailing wage or living ordinance […]
A Couple of Really Good Prevailing Wage Questions
Posted on: 26 Jan 2022
When Prevailing Wage is the subject, there is no shortage of questions. Here are a couple of common ones: My employees refer to prevailing wage fringe as “their money”. What can the Company do if the employee does not sign up for the 401(k) and they don’t have health insurance through the company? The prevailing […]