If you work in construction, you've probably noticed the surge in government-funded projects over the past few years. With major legislation like the CHIPS Act, Infrastructure Investment and Jobs Act, and various green energy initiatives, there's never been a better time to expand into public works. But here's the catch - these opportunities come with strict requirements around construction projects, especially regarding prevailing wages and certified payroll for construction.
Let's break down these major funding initiatives and what they mean for your construction payroll:
Key Government Funding Initiatives
CHIPS Act
- Funding: $280 billion package to boost semiconductor research and manufacturing.
- Awarded Contract Example: Intel Corporation received up to $7.865 billion in direct funding.
Infrastructure Investment and Jobs Act
- Funding: $1.2 trillion for infrastructure projects, including $568 billion in new spending.
- Awarded Contract Example: Over 66,000 projects funded, including $3.4 billion in grants for rail, road safety, and port improvements.
Broadband Internet Expansion
- Funding: $65 billion for broadband deployment in underserved areas.
- Awarded Contract Example: Over $85 million for Kansas, Mississippi, North Carolina, Pennsylvania, and Virginia’s Digital Equity Plans.
Green Energy Initiatives
- Funding: $97 billion for renewable energy and energy efficiency projects.
- Potential Award Examples: Funding opportunities and examples are listed at the Office of Energy Efficiency and Renewable Energy.
Why Compliance Matters in Payroll for Construction
When you're handling projects with federal funding, you can't treat it like a typical private job. These projects require prevailing wage compliance and certified payroll reporting when doing your construction payroll to stay compliant with the Department of Labor. Think of it as your proof that you're playing by the rules and paying fair wages based on local standards. These compliance rules can get complicated, as different regions including states have their own laws that affect your requirements.
How Points North Makes Construction Payroll Simple
The complexities of payroll compliance shouldn’t be the difference between your company taking advantage of these opportunities. That's why we've developed solutions specifically designed for construction companies like yours. Our software automates certified payroll reporting and helps ensure prevailing wage compliance, letting you focus on what you do best - building America's future.
Looking to learn more about handling payroll for your construction projects? Reach out to our experts. We're here to help you navigate these opportunities while staying compliant every step of the way.
Frequently Asked Questions About Government Projects, Opportunities, and Compliance for Construction Payroll
Q: How does payroll for construction compliance work on CHIPS Act projects?
A: CHIPS Act construction projects require certified payroll reporting and prevailing wage compliance as they are subject to the same compliance requirements as other government funded projects.
Q: What construction payroll compliance do I need to know about working on federal projects?
A: Construction payroll compliance on federal projects involves certified reporting, prevailing wage compliance, and detailed documentation of worker hours, classifications, and benefit among other requirements. You can learn more about certified payroll reporting requirements on our blog.
Q: What types of projects are covered under the Infrastructure Investment and Jobs Act?
A: The Infrastructure Investment and Jobs Act covers roads, bridges, rail, port improvements, and public transit projects, with $1.2 trillion total funding including $550 billion in new spending.
Q: What documentation is required for government-funded construction projects?
A: Projects require documentation like weekly certified payroll reports, prevailing wage compliance documentation, and detailed records of worker hours, classifications, and benefits.
Q: Projects require documentation like weekly certified payroll reports, prevailing wage compliance documentation, and detailed records of worker hours, classifications, and benefits.
A: These are multi-year initiatives, with the Infrastructure Act, CHIPS Act, and other programs providing ongoing funding opportunities through the coming years.
Q: Do small construction companies qualify for Infrastructure Act projects?
A: Yes, small construction companies can bid on Infrastructure Act projects, with many programs specifically setting aside contracts for small businesses.
Q: Are apprentices required on government-funded construction projects?
A: Many government-funded projects require contractors to participate in registered apprenticeship programs, with specific ratios of apprentices to journey workers.
Q: Can construction companies work on multiple government projects simultaneously?
A: Yes, companies can work on multiple government projects simultaneously if they have enough capacity and can meet all compliance requirements for each project.
.png)