Construction Success Story — Contractor considers sending payroll packing

Description

Abstract: This issue’s “Construction Success Story” involves a general contractor who felt he was spending too much time handling payroll matters. When a colleague mentioned her positive experience outsourcing this function to a third-party payroll service, the contractor investigated further. His financial advisor felt that this solution can be appropriate for construction companies, given their especially complex payroll requirements. But the advisor cautioned that it’s important to find the right vendor, and listed some of the considerations to address.