The Truth About Davis-Bacon Act Fringe Benefits: What Most Employers Get Wrong
Fringe benefits under the Davis-Bacon Act cost you an extra twenty-five cents for every dollar when paid as cash wages. Most contractors don’t realize this until they’re deep into a federal project, watching their profit margins shrink. The Davis-Bacon Act, established in 1938, requires specific fringe benefits on federally funded construction contracts exceeding $2,000. These […]