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Davis Bacon Pension Plans: Helping Your Business and Your Staff

  • If you’re a business owner that frequently bids on government contracts, you’re likely aware of the prevailing wage regulations. Businesses that bid on government contracts must pay a prevailing wage to their employees, which can drastically increase the cost of staff for many businesses. Fortunately, Davis Bacon pension plans allow business owners to reduce costs …

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Why Classifying Workers Correctly is Critical on Davis Bacon Projects

Three Davis Bacon Pension Plan Facts to Keep in Mind

  • If you’re a construction business owner, you’re already aware that you must pay the prevailing wage to laborers involved in federal contracts. This hurdle often proves to be a significant stumbling block for businesses that are not equipped to pay higher wages. Fortunately, using a Davis Bacon Pension Plan can help you offset some of …

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How Do Prevailing Wage Pension Plans Help Businesses?

  • If you’re a business owner, you’re always looking for ways to reduce costs and increase spending efficiency. Depending on the type of business you operate, staff wages are often one of your most substantial expenses. This is undoubtedly the case for businesses that bid on government contracts. If your company currently works on government contracts, …

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Benefits of Davis Bacon Pension Plan

  • If you own a business that frequently bids on government projects, you understand how critical it is to reduce your costs. Unfortunately, companies that win government contracts must pay a prevailing wage to staff members, which can drastically increase operational costs and negatively impact profitability. Davis Bacon pension plans allow businesses to reduce the financial …

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What is Certified Payroll?

  • Construction and other labor jobs performed on government property and payed for by the government have set special requirements. One of those requirements is certified payroll. Certified payroll is a special payroll report that all contractors working on federally funded projects must complete and submit to government authorities.

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Paying Fringe Benefits in Cash vs. in a Benefit Plan

  • In 1931, The Davis Bacon Act was put into law requiring companies that perform work on federally-funded jobs to pay all employees working on the job a prevailing wage. The prevailing wage is paid as a per-hour wage and a per-hour cash equivalent value of benefits. These wages are set by the United States Department …

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Davis-Bacon Facts that are Important for Every Contractor to Know

The Benefits of Workforce Reporting – Davis Bacon Pension Plans, Inc.

Union-Made in America Easter Treats – Davis Bacon Pension Plans, Inc.

  • If you’re looking for a “made in America” treat this Easter, we have some good news for you. There are a lot of options for the Easter Basket and the Easter Table. Here are just a few great products you can feel good about buying this Easter.

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What is a Certified Payroll?

  • If you work as a contractor for government projects then you are going to get paid a little differently than normal wage workers because of a little thing called a certified payroll. The certified payroll is a type of report that contractors have to make which details the hours and earnings of their employees. This …

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Bacon Make Construction Better – Davis Bacon That is

  • In recent years past, there has been some controversy over Davis Bacon prevailing wage laws and whether they are outdated and should be dissolved. Some believe Davis Bacon is too expensive and no longer relevant in today’s workforce.

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Davis Bacon Pension Plans Save Companies Money – Davis Bacon Pension Plans, Inc.

Flake Proposes TIRE Act to Suspend David-Bacon on Highway Projects

  • Earlier this year in January Senator Jeff Flake of Arizona proposed the Transportation Investment Recalibration to Equality (TIRE) Act. The Act proposal comes on the heels of Trump’s plan to spend around $1 trillion dollars to improve roads, bridges, highways, railways and more across the country.

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Many Awaiting Trump’s Announcement on Davis Bacon – Davis Bacon Pension Plans, Inc.

Simplifying Pension Plans – Davis Bacon Pension Plans, Inc.

  • Retirement is something that often can be miss-understood and can bring dozens of questions along with it. While we may think asking, “What is a pension plan?” is a simple question with a simple answer; that unfortunately isn’t the case.

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Glossary of Terms

  • This act of 1931 is United States federal law that establishes the requirement for paying the local prevailing wages on public works projects for laborers and mechanics. It applies to all contractors and subcontractors performing on federally funded or government assisted contracts in excess of $2000 for the construction, alteration, or repair including painting and …

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White House Plan Would Mean Billion Dollar Tax Hike for Contractors

  • President Obama recently unveiled a White House corporate tax reform proposal. In response to said proposal, the Associated Builders and Contractors, otherwise known as ABC issued the following statement: “Far from a ‘grand bargain’, the president’s latest trial balloon simply repackages warmed over White House proposals from years past,” said ABC Vice President of Federal …

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Obamacare Delay

  • Delays to the implementation of Obamacare continue. Apparently, more time is needed to implement the employer mandate. The mandate requires that any employer with more than fifty employees needs to provide health insurance or pay a federal tax. Although, the bill became law over three years ago, the Obama Administration says implementation will be delayed …

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Companies Who Help Employees Prepare for Retirement Help Themselves

Affordable Care Act: Here We Go! Are Your Ducks in a Row?

Forbidden Territory: The Back Door Public Construction Bid/Negotiation

  • Negotiating bids for public construction is generally frowned upon. The projects should be awarded to the responsible bidder with the lowest responsive bid. However sometimes the public agency awarding the project experiences budget woes resulting in negotiating before OR after awarding a project. Another problem public construction agencies encounter are problems with poor scope of …

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Construction Industry Adds Jobs in November

  • Nearly 17,000 new jobs have been added by the construction industry in November 2013 making the sector’s employment level reach the highest it’s been since August of 2009. The industry’s unemployment rate has fallen to 8.6 percent. However, that’s still employment is still nearly 1.9 million below peak levels in 2006. This data comes from …

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