Contracting with the government can be a bittersweet experience. You get a stable job that pays well, but there’s a cost. For many companies, that cost is enough to keep them away from government contracts.
Construction companies with government-funded projects are required by law to submit certified payroll reports. Born out of the Davis-Bacon Act, any company that performs projects on public works or buildings with a contract value over $2000 must submit certified payroll reports to the funding agency. The reports are designed to ensure that you paid your employees the appropriate prevailing wage and fringe rates for their specific job.
The reports require a daily breakdown of how many hours each person worked each day on the project. If you’ve had to submit one of these reports to Federal, State or Local agencies, you know how painfully detailed and accurate the reports need to be.
Sentenced to Manual Labor Reports
Many companies manually complete the reports each week. The employer downloads the report template from the Department of Labor website and fills out the reports by hand. They must take it on faith that the information they received from the job site is accurate and that they correctly calculated and recorded the information. If not, the company could face significant fines.
This is a process that can take several hours each week—IF the information is accurate. But if an employee forgets to submit time or if it’s improperly assigned to a different project, the employer has to recreate and resubmit the reports.
This manually-intensive process of certified payroll reporting takes time away from core tasks, and it increases your odds of being audited.
But there is a better way.
Quit Manual Reporting
IDI’s Contractor Central lets you avoid the manual and risky reporting by automating the process. Our Certified Payroll Reporting solution quickly, accurately and reliably generates these reports for you.
The automated solution is a straightforward process that you run at the end of each pay cycle. It takes just minutes to do and it's easy to use. You’ll never have to worry about certified payroll again.
IDI has deep roots in the construction industry, with more than three decades of knowledge and experience backing our software. We understand the frustrations that construction companies face every time they take a government contract. Contractor Central was engineered out of that expertise, to help construction companies where they need it most.
Check out this quick video to see how companies can save time and stay in compliance with Federal, State, and Local reporting requirements.