Tuesday, May 24, 2011
Fridge benefit challenges
I attended an interesting lunch meeting today put on by the Tidewater AGC involving strategies for dealing with Davis-Bacon act fringe benefits. The presenter was Lind Sawyer with Capital Strategies. She put forth several really interesting strategies to move away from cash fringes, as opposed to employer directed programs. It was interesting to hear what some contractors were doing with fringes within the regulatory constricts to keep their businesses competitive, and how companies like Capital Strategies can help. The presentation reminded me how increasingly important wage compliance is becoming with the expansion of the D-B act to much more that the traditional federal construction projects, particularly with the use and requirements associated with Recovery Act funds. For more information about fringe strategies, contact Lind Sawyer at (757) 421-0411.