Davis–Bacon Act of 1931

Baker Tilly Launches End-to-End Compliance Solution for Prevailing Wage & Apprenticeship Requirements in the Inflation Reduction Act

Retrieved on: 
Monday, March 4, 2024
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Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) today announced the launch of an end-to-end compliance solution to help clean energy projects earn enhanced credits under the Inflation Reduction Act (IRA) by meeting Prevailing Wage & Apprenticeship (PW&A) requirements.

Key Points: 
  • Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) today announced the launch of an end-to-end compliance solution to help clean energy projects earn enhanced credits under the Inflation Reduction Act (IRA) by meeting Prevailing Wage & Apprenticeship (PW&A) requirements.
  • The new solution provides organizations implementing clean energy projects with the technology, processes, and resources to establish, monitor and document all three pillars of compliance: prevailing wage, apprenticeship and penalties.
  • Monthly reports on prevailing wage and apprenticeship compliance are generated for each project and retained for reporting and filing purposes.
  • Learn more about Baker Tilly’s prevailing wage and apprenticeship compliance management solution: bakertilly.com/specialties/prevailing-wage-and-apprenticeship-bonus-credit-solutions .

LCPtracker Announces New Senior Management Team Appointments; Aligns Management Structure to Strategic Objectives to Better Meet Client and Market Needs

Retrieved on: 
Tuesday, December 19, 2023
Customer success, Marketing, Agility, Inflation, Davis–Bacon Act of 1931, Customer, Knowledge, Growth, Management

"This announcement underscores our commitment to delivering the best solutions and services to our clients," said Mark Douglas, LCPtracker President and CEO.

Key Points: 
  • "This announcement underscores our commitment to delivering the best solutions and services to our clients," said Mark Douglas, LCPtracker President and CEO.
  • "In an ever-changing regulatory environment where customer-centricity is of the utmost importance, our agility is more crucial than ever.
  • We must be more responsive, addressing market needs and meeting customer demands swiftly and with optimal efficiency.
  • For more information about LCPtracker and its labor compliance solutions and services, please contact Sabrina Alcobendas at [email protected] .

myTrack® Helps Customers Take Advantage of the Inflation Reduction Act's Tax Credits

Retrieved on: 
Tuesday, October 3, 2023
Construction & Property, Data Management, Energy, Manufacturing, Technology, Human Resources, Fintech, Accounting, Professional Services, Other Natural Resources, Natural Resources, Other Manufacturing, Software, Other Energy, Other Construction & Property, Inflation Reduction Act of 2022, Partnership, Classification, Average revenue per user, Internal Revenue Service, MyTracks, IRA, Primary energy, Scientific Research and Experimental Development Tax Credit Program, Treasury, Inflation, United States Department of the Treasury, Management control system, Data General Corp. v. Digital Computer Controls, Inc., Davis–Bacon Act of 1931, Advanced Energy, MCI, Online shopping, Cryptocurrency, Labour

Management Controls Inc. (MCi), a trusted global provider of contractor data and spend management software, is helping its customer base utilize the Inflation Reduction Act’s 48C(e) tax credit.

Key Points: 
  • Management Controls Inc. (MCi), a trusted global provider of contractor data and spend management software, is helping its customer base utilize the Inflation Reduction Act’s 48C(e) tax credit.
  • This program will provide an investment tax credit of up to 30% of qualifying investment projects.
  • The Inflation Reduction Act (IRA) provides $500 billion in new spending and tax breaks to boost clean energy, increase tax revenues, and reduce healthcare costs.
  • Using existing TRACK data, customers can request Management Controls assistance with providing the data that contains wage-rate benchmarking to simplify the process of applying for the program.

SMACNA Applauds The U.S. Department of Labor's Historic Davis-Bacon Act Reforms

Retrieved on: 
Thursday, August 10, 2023
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SMACNA's federal as well as non-federal contractors applaud the Department of Labor's long needed reforms updating and modernizing the Davis-Bacon Act to benefit every contractor and worker.

Key Points: 
  • SMACNA's federal as well as non-federal contractors applaud the Department of Labor's long needed reforms updating and modernizing the Davis-Bacon Act to benefit every contractor and worker.
  • Misguided and outdated reforms were made decades ago seemingly designed to limit the enforcement and effectiveness of the Act and its clear and specific statutory intent.
  • SMACNA most enthusiastically endorses the Department's return to the 30% Rule after decades of harm to the Act.
  • SMACNA CEO Aaron Hilger said that SMACNA members appreciate DOL's tireless efforts to seek our input and that of all quality driven contractor organizations in reforming the Davis-Bacon Act.

New Davis-Bacon Final Rule Modernizes and Reflects Realities of Construction Industry

Retrieved on: 
Wednesday, August 9, 2023
NECA, Workforce, Insurance, Davis–Bacon Act of 1931, Administration, National Electrical Contractors Association, Element, Pharmaceutical industry, Construction, Labour

of Labor's final rule on the Davis-Bacon Act on August 8, 2023:

Key Points: 
  • of Labor's final rule on the Davis-Bacon Act on August 8, 2023:
    NECA commends the new Davis-Bacon and Related Acts ruling, a task long overdue after nearly four decades.
  • Davis-Bacon was enacted to establish local labor rates for federal construction projects, preventing wage undercutting and improper bidding.
  • This new rule will help grow the industry by attracting more construction workers and ensuring prevailing wages support apprenticeship and training costs, which in turn will expand the skilled workforce.
  • From our perspective, the final rule has considered input from a diverse range of specialty contractor stakeholders, a significant portion of which comprise small businesses.

ABC: Final Davis-Bacon Rule Undermines Taxpayer Investments in Infrastructure

Retrieved on: 
Tuesday, August 8, 2023
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“Unfortunately, the DOL’s final rule disregards the feedback of ABC contractors, construction industry stakeholders and thousands of small businesses urging the withdrawal of this unnecessary, costly and burdensome regulation.

Key Points: 
  • “Unfortunately, the DOL’s final rule disregards the feedback of ABC contractors, construction industry stakeholders and thousands of small businesses urging the withdrawal of this unnecessary, costly and burdensome regulation.
  • ABC will now be forced to take appropriate legal action to address the numerous illegal provisions of the final rule and protect our members, and ultimately hard-working taxpayers, from the harmful impacts of this regulation.
  • “The final rule comes in the midst of challenging economic conditions facing the construction industry, including high materials costs and a skilled labor shortage of more than half a million in 2023 ,” said Brubeck.
  • Associated Builders and Contractors is a national construction industry trade association established in 1950 that represents more than 22,000 members.

Fringe Benefit Group Announces The Contractors Plan ICHRA; Innovative New Program Solves Health Insurance Challenges for Service Contract Act Contractors

Retrieved on: 
Monday, May 22, 2023
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Employees can now choose their own individual health insurance plans based on their needs and not a one-size-fits-all group health plan.

Key Points: 
  • Employees can now choose their own individual health insurance plans based on their needs and not a one-size-fits-all group health plan.
  • The Contractors Plan, Fringe Benefit Group’s flagship brand, is a comprehensive Third Party Administrator, offering retirement plans and major medical, dental, vision and life insurance designed specifically for government contractors.
  • The Contractors Plan ICHRA simplifies benefits administration by allowing employers to focus on managing reimbursements rather than navigating complex group health insurance plans.
  • “The Contractors Plan ICHRA is an innovative benefit solution that can provide employees with plan choice, lower rates, portability, and flexibility.

AXIM Fringe Solutions Hosts Groundbreaking Industry Event for Government Contractors & Suppliers Seeking to Cut Healthcare Costs, Optimize Efficiencies, and Recruit Top Talent on April 3-5 in San Antonio

Retrieved on: 
Wednesday, November 16, 2022
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AXIM Fringe Solutions Group , the leading health benefits and compliance fringe provider, will host the inaugural MAXIMIZE 2023: The Competitive Edge event on April 3-5, 2023, at the exquisite La Cantera Resort in San Antonio, TX.

Key Points: 
  • AXIM Fringe Solutions Group , the leading health benefits and compliance fringe provider, will host the inaugural MAXIMIZE 2023: The Competitive Edge event on April 3-5, 2023, at the exquisite La Cantera Resort in San Antonio, TX.
  • Government contractors are invited to learn gold-medal game strategies and gain access to expert coaching from technology suppliers, govcon specific industry experts in B&P, strategy, and benefits experts that help optimize performance and MAXIMIZE results.
  • Its an immersive educational and networking event that offers customized content and resources that provide the highest return for government contractors limited education and travel investments.
  • About AXIM Fringe Solutions Group, LLC (AXIM FSG)
    AXIM Fringe Solutions Group, LLC is the nations first and only health and welfare technology platform with administration, compliance, and benefits that is also a government contractor.

RE: NECA delivers Public Comments on RIN 1235-AA40 - Updating the Davis-Bacon and Related Acts Regulations Notice of Proposed Rulemaking

Retrieved on: 
Thursday, May 19, 2022
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NECA provides these comments in support of the Departments Notice of Proposed Rulemaking,Updating the Davis-Bacon and Related Acts Regulations, 87 Fed.

Key Points: 
  • NECA provides these comments in support of the Departments Notice of Proposed Rulemaking,Updating the Davis-Bacon and Related Acts Regulations, 87 Fed.
  • 15698 (March 18, 2022)(hereafter "Proposed DBA Rule").As outlined in detail below, NECA enthusiastically supportsmanyof the revisions included in theProposed DBARule.
  • "40U.S.C.3142(b).Intheplaintextofthelaw, the Davis-Bacon Act does not define the term "prevailing" or "prevailing wage," but insteadgives the authority to the Secretary of Labor.
  • If thesame wage is not paid to a majority of those employed in the classification, the 'prevailing wage'shall betheaverageofthewagespaid, weightedbythetotalemployed intheclassification.").

Pennsylvania AFL-CIO Endorses Josh Shapiro for Pennsylvania Governor

Retrieved on: 
Thursday, January 13, 2022
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HARRISBURG, Pa., Jan. 13, 2022 /PRNewswire/ --On Wednesday, January 12, the Pennsylvania AFL-CIO's Executive Council, on behalf of nearly 700,000 union workers across the Commonwealth, unanimously endorsed Attorney General Josh Shapiro for Governor.

Key Points: 
  • HARRISBURG, Pa., Jan. 13, 2022 /PRNewswire/ --On Wednesday, January 12, the Pennsylvania AFL-CIO's Executive Council, on behalf of nearly 700,000 union workers across the Commonwealth, unanimously endorsed Attorney General Josh Shapiro for Governor.
  • As Governor, Josh will defend and expand the right to organize and join a union.
  • When working people come together, Josh Shapiro will have our back," stated President Rick Bloomingdale.
  • "As Attorney General, Josh Shapiro has shown his dedication to fighting for justice for Pennsylvania's working people.