Construction companies that do prevailing wage work know exactly how complicated certified payroll can be. There are many moving parts, from tracking hours in the field to keeping up with reporting requirements and changing wage determinations. There are also rules and regulations to keep up with, which can be challenging all by itself.
As with any complex process, it’s easy to make mistakes. The key to preventing them starts with understanding the process, identifying common problem areas, and creating a system to find and resolve them. To help you understand some of the most common certified payroll mistakes to look out for, we created this helpful video.
We also have other resources for construction companies looking to improve how they handle certified payroll. Follow the links below to explore topics that range from saving money on fringe benefits to tips on how to find government contracts.
Additional resources for prevailing wage contractors:
Certified Payroll and Prevailing Wage video
Contractor Resource Hub (Certified payroll, CARES Act, Compliance and more)
Fringe Benefit Savings Calculator
Tips on finding government contracts to bid on
The material presented here is educational in nature and is not intended to be, nor should be relied upon, as legal or financial advice. Please consult with an attorney or financial professional for advice.