Issue 6 2019
68 CORPORATE VISION / Issue 6 2019 , Jun19350 The $177M Labor Pain Friday payroll can be a real pain. Until now. On average, 20% of all construc- tion checks have at least one Da- vis-Bacon Act (DBA) compliance violation. These errors are subject to heavy fines or possible jail time. The Davis-Bacon Act (DBA) was signed into law by Presi- dent Hoover in 1931. Drafted to ensure local prevailing wages to all employees on federal- ly-funded construction projects over $2,000, it has caused a lot of pain and anxiety for CFOs, accountants, presidents, and general managers of construction companies. Both long-term and sucker-punch kinds of pain. In fact, The Department of Labor (DOL) Wage and Hour Division reports over 119,000 federal vio- lations since 1985. And of those violations, over $177M in back wages was paid by the construc- tion industry - the hardest hit. However, that’s not all should a contractor or subcontractor be found to have willfully failed to pay the prevailing wage, he also risks: • termination from the govern- ment contract • exclusion from future con- tracts for up to three years • federal prosecution leading to jail time The consequences of missing the mark on a payroll check are severe. Looking for Relief? Compliant Client works in conjunction with existing payroll systems to identify and correct potential violations of the Da- vis-Bacon and related acts. The program compares payroll infor- mation against wage determina- tion on more than 30 data points of the Davis-Bacon Act. This system is so error-free that the federal government considers using Compliant Client as an initial audit. Error-free? Check. Typically, preparing Friday payroll is a week-long troublesome jour- ney. Complete implementation of Compliant Client takes less than one day after loading the wage determination. Requiring a PC and 30 minutes of training, payroll is prepared in fewer than five minutes. User-friendly? Check. eMars is the only company of its kind that encrypts at-rest payroll data, providing additional security from cyber threats. “We handle, save, and encrypt hundreds of thousands of bits of information for our clients. Their workers’ privacy and sanctity cannot be compromised,” says Woody Chamberlain, President/CEO of eMars, Inc. Safe? Check. Designed with considerable input from the Department of Labor, government agencies and contractors, Compliant Client’s 25,000+ clients have not had a random Department of Labor audit in the past three years. No audit? Check. Check. Pain Reliever Compliant Client by eMars makes payroll easy and worry-free for any construction company doing business with a federally-funded operation. For more information, visit www.emarsinc.com . Contact eMars at 480 595 0466, by email at woody.chamberlain@ emarsinc.com .
Made with FlippingBook
RkJQdWJsaXNoZXIy NTY1MjM3