Question

Choose the correct definition for Davis-Bacon Acts:

Multiple Choice A pre-loaded credit card used to pay employees A web-based application wherein employees can modify certain payrol Governs accounting for firms with federal government contracts in excess of $2,000. The process of gathering information about hours worked for one or more employees A record of the time worked during a period for an individual employee.

Answer 1

Answer: A record of the time worked during the period for an Individual employee

Certified payroll is essential for Davis Bacon compliance (and avoiding costly Davis Bacon violations) because they are mandatory. Certified payroll reports are submitted weekly on Federal WH-347 forms and include information about each on-site employee and a statement of compliance.

The Regulations say you must include all of the items listed below (all of which are set out in the federal WH-347 form) to complete your certified payroll report:

1. The name and ID number of every employee who works on site.
2. Each employee’s job classification (e.g. carpenter, electrician, etc.).
3. The number of hours each employee worked, including overtime.
4. Every employee’s rate of pay based on the prevailing wage, including fringe benefits (or cash paid in lieu of fringe benefits).
5. Every employee’s gross amount earned.
6. Every employee’s deductions or withholdings.
7. Every employee’s net wages paid.