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Reduce your Labor Costs, Increase Profits, Stay Compliant AND Win more Government Jobs
If your company works on Government Contracts covered by the McNamara-O'hara Service Contract Act or the Davis-Bacon Act, you should take a look at The Contractors Plan.The Contractors Plan is a bona fide Fringe Benefit Plan that will help you:
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Save on Labor Costs and Expenses |
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Bid more competitively |
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Stay in compliance with DOL, IRS, and State Regulations |
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Respond quickly and accurately in the event of an audit |
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Eliminate the Administrative Burden of multiple vendors |
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Maximize contributions to owner and key employee Retirement Accounts |
The Hardhat Job Cost Accounting Software allows you to take full advantage of The Contractors Plan
Hardhat also allows you to allocate and accrue fringe benefits for employees. For example, a feature referred to as the "fringe benefit reduction factor" can automatically credit the company for existing non-cash fringe benefits paid on the employees' behalf such as company-paid health insurance or paid vacation, thereby reducing the fringe portion of the prevailing wage rate by the cost of current fringe benefits. This feature not only makes it easier for contractors to comply, but it also saves them money by helping them avoid paying the fringe portion of prevailing wage in cash.
For more information on The Contractors Plan, contact:
Tom Hale at 901.734.5056 : Email: tom.hale@hardhatinc.netor
Chuck Hudspeth at 901.763.2021: Email: chuck@hudspeth.com
