Can contractors take credit for the fringes they pay on behalf of their employees if they pay prevailing wages? What about if they pay the public works contracting minimum wage (PWCMW)?
The new legislation simply maintains the status quo as it relates to the reporting of fringe benefits paid by a particular contractor. Each individual contractor is free to track and report all amounts they spend on workers’ fringe benefits and hourly wages as before. The new law does not impact the ability of contractors to report the amount they have paid out in fringe benefits for workers they employ.