Prevailing wages remain a sticking point on public jobs
Abstract: Spending on government jobs seems to have moderated a bit, but the work is still out there for contractors with the skill and service sets to suit the projects available. One of the biggest sticking points in taking on a public job, however, is complying with prevailing wage requirements. Is it better to pay fringe benefits in cash or apply fringe benefit credits for contributions to “bona fide” benefit plans? What are the administrative duties? What are the penalties for noncompliance? This article addresses these issues.