Company Savings

Lower Your Bid

If you are an open-shop contractor working on public projects, you are required to provide 100% of the local Prevailing Wage on public projects, but you may choose to pay only the Base Rate in cash.

By contributing the Fringe Benefit Rate in the Davis-Bacon Pension Plan & Trust you save the amount you would have paid in payroll taxes, *workers compensation and insurance premiums on those funds.

Example of Employer Savings

Savings like these enable you to actually lower your bid while significantly increasing profits. The lower your costs of doing business, the more competitive you can be.