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Paul Zarecki, CPA, CFE, CFFPaul Zarecki, CPA, CFE, CFF -
Prevailing Wage Compliance
Prevailing Wage Compliance Services
Navigating Prevailing Wage Requirements with Confidence
Construction projects funded by government agencies are subject to strict prevailing wage regulations. Contractors, developers, and public entities must ensure compliance with complex wage requirements to avoid penalties, disputes, and project delays.
Overview
Prevailing wage regulations—such as those governed by the Davis-Bacon Act and state prevailing wage laws—require contractors and subcontractors working on public projects to pay workers specific wage rates and benefits. Failure to comply can lead to significant financial penalties, withheld payments, litigation exposure, and reputational risk.
SAX’s Valuation, Forensic & Litigation professionals assist contractors, developers, attorneys, and government agencies in evaluating prevailing wage compliance and resolving disputes related to wage requirements.
Our team combines forensic accounting expertise with deep financial analysis to review payroll records, evaluate labor classifications, and assess compliance with prevailing wage regulations. Whether supporting internal reviews, regulatory investigations, or litigation matters, we provide clear financial analysis designed to withstand scrutiny.
Prevailing Wage Compliance Services:
- Prevailing wage compliance reviews and audits
- Payroll and certified payroll record analysis
- Worker classification and wage rate evaluations
- Fringe benefit compliance analysis
- Reconstruction of incomplete or inaccurate payroll records
- Financial analysis for prevailing wage investigations
- Quantification of wage underpayment claims
- Support for prevailing wage disputes and litigation
- Consulting services on NYSERDA agreement services related to:
- Disadvantaged community spend tracking
- Economic benefit tracking
- US Iron and Steel spend verification
- Assist in Quarterly NY CPA certification required under NYSERDA’s NY-Sun program
Our Analytical Process
Prevailing wage disputes often arise from payroll errors, misclassification of labor roles, incomplete reporting, or misunderstandings of regulatory requirements. SAX performs detailed reviews of payroll records and project documentation to identify potential compliance issues and quantify financial exposure.
Our professionals frequently assist with:
- government or regulatory investigations
- internal compliance reviews
- contractor and subcontractor disputes
- union wage disputes
- litigation involving prevailing wage claims
Financial Analysis for Prevailing Wage Disputes
When prevailing wage compliance becomes the subject of a dispute or investigation, clear financial analysis is critical. SAX helps attorneys, contractors, and project stakeholders understand the financial implications of wage claims and develop defensible positions.
Our analysis may include:
- calculation of alleged wage underpayments
- reconstruction of payroll and time records
- evaluation of labor classifications and work scope
- financial analysis supporting expert testimony
Why SAX
Prevailing wage matters often intersect with broader financial and operational issues within construction and development projects.
SAX’s multidisciplinary advisory platform allows our professionals to collaborate with specialists in forensic accounting, litigation support, restructuring, and financial analysis to deliver deeper insight into complex wage compliance matters.
Our team provides objective, well-supported financial analysis that helps clients navigate regulatory scrutiny, resolve disputes, and mitigate risk.
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Our Valuation, Forensic, & Litigation Specialized Services Include:
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