What is the Certified Payroll form?
The Certified Payroll form, also known as Form WH-347, is a document used by contractors and subcontractors working on federally financed or assisted construction projects. It reports the wages paid to each worker on a weekly basis. This form ensures compliance with the Davis-Bacon Act, which mandates that workers receive at least the prevailing wage for their work.
Who is required to submit the Certified Payroll form?
Contractors and subcontractors engaged in federally funded construction projects must submit the Certified Payroll form. This requirement applies to those who are covered under the Davis-Bacon Act. Even though the form itself is optional, the information it contains is mandatory for compliance with federal regulations.
How often must the Certified Payroll form be submitted?
The Certified Payroll form must be submitted weekly. Each contractor is required to provide a copy of their payroll to the federal agency overseeing the project. This weekly submission helps ensure that all workers are paid the appropriate wages and benefits as mandated by law.
What information is included in the Certified Payroll form?
The form includes several key pieces of information. This includes the contractor's name and address, the project location, the names of workers, their identifying numbers, work classifications, hours worked, wages earned, and any deductions made. Additionally, it requires a signed statement of compliance confirming that the payroll is accurate and that workers are paid the correct wage rates.
What happens if the Certified Payroll form is not submitted?
If a contractor fails to submit the Certified Payroll form, they may face serious consequences. These can include penalties, fines, or even legal action. The federal agency may also withhold payments for work performed until compliance is achieved. It is crucial to adhere to these requirements to avoid any potential issues.
Are there any exceptions to the information required on the Certified Payroll form?
Yes, there are certain exceptions that may apply. For instance, if a contractor has made permissible deductions, these should be noted on the form. Additionally, if there are any exceptions regarding wage rates or fringe benefits, these must be clearly explained in the remarks section of the form. It is important to accurately report any deviations to remain compliant.
What is the significance of the signed "Statement of Compliance" on the Certified Payroll form?
The signed "Statement of Compliance" is a critical part of the Certified Payroll form. By signing this statement, the contractor certifies that all information provided is correct and complete. It also confirms that all workers have been paid at least the prevailing wage. Falsifying this information can lead to severe legal consequences, including civil or criminal prosecution.