Simplifying Prevailing Wage to save you money.
Prevailing Wage Partners serves the government contracting community who are seeking to increase their competitive edge by lowering job costs and maintaining compliance.
We are your trusted partner and dependable resource as you navigate the complexities of compliance in Davis Bacon, Prevailing Wage and Service Contracts.
We listen to your goals, partner with your broker, and guide you to the holistic solution that is right for your company. With us you get clear, simple explanations, money-saving strategies and solutions that are customized for your company.
How We Partner:
Fringe Package Analysis
Let us conduct a Fringe Analysis that will give contractors the peace of mind that they are providing compliant bona-fide Prevailing Wage Benefits, accurate fringe allocation, & maximized cost savings. In conjunction with your broker or adviser, our holistic approach provides a successful coordinated benefit partnership.
Total Fringe Package Accounting
We understand that administering fringe benefit plans can seem overwhelming! By using our Total Fringe Package Accounting program, contractors receive maximum savings on payroll costs and freedom from spending so much time on benefits administration. This program also provides the Fringe Benefit allocations for you to accurately import to your payroll and accounting software and creates your Fringe Benefit Statement!
With one check & one file upload for ALL employees, regardless of the benefits you've chosen to offer, administering your prevailing wage benefits becomes a breeze!
Supplemental Unemployment Benefits
Employees often face periodic lay offs due to lag between projects, inclement weather, shortage of hours or seasonal stoppages. This not only causes a financial burden on the employees, but it forces employees to either find other work (which may be with your competition) or go on unemployment, which provides only a fraction of their normal income.
A Supplemental Unemployment Benefit (“SUB”) plan can assist your company in retaining quality employees by providing them with income when they need it most; during those periods of unemployment or while experiencing a shortage of hours…all while saving the contractor money by reducing their workers comp and payroll burdens!
Health and Welfare Benefits
Offering Health insurance allows families to stay healthier and employees to feel protected in case of a medical emergency. Retaining good employees by allocating fringe dollars to offer health insurance, creates a culture in which employees feel they are well taken care of, while lowering employer payroll taxes and workers comp costs.
Retirement Benefits
Many employees choose not to invest in their retirement in favor of paying their bills now. But as a Prevailing Wage Contractor, you can help! Fringe money can be allocated directly to a retirement plan for the employees, saving you money on payroll taxes and workers comp costs, and setting your employees up for long-term success.
Prevailing wage Resource
Contractors are faced with the complexities of complying with these regulations without much assistance. Prevailing Wage Partners is the contractors resource for their day to day questions about Prevailing Wage, Davis-Bacon and Service Contract Act compliance. We offer assistance from training on the various requirements contractors will face, to scope of work or other general prevailing wage questions.
Let's Get Started.
We’re looking forward to learning about your company and creating opportunities for you to save money and be competitive in the prevailing wage market.