There are a lot of requirements that come with doing prevailing wage work, including certified payroll and reporting. For companies new to government contracting, this can be a confusing addition to well-established payroll processes. It also can create significant problems because failing to follow all the rules can leave a company out of compliance and at risk.
Adding to the confusion are the various laws that must be followed at the federal, state and municipal level. This varies based on city and state, so it’s important that you have a good understanding of all requirements. To help, we created a video designed to quickly answer some of the most common questions people have about certified payroll and prevailing wage. You can access it below, along with additional resources like our certified payroll page and official guidance from the Department of Labor (DOL).
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.